TikTok? PRESIDENT TRUMP'S 2019 PERSONAL FINANCIAL DISCLOSURE

[soothsayer]

Link to tweet

?s=21

Trump twice pushed back the deadline to release his 2019 financial disclosures. Then dropped them with no warning late on Friday. Then said he was banning TikTok and pulled everyone's attention away. We're still paying attention. See his finances here:


https://t.co/fZ8zKt3Ajw?amp=1

[soothsayer]

1. New Trump financial disclosure gives glimpse into pre-pandemic business income

https://www.politico.com/news/2020/07/31/trump-2019-financial-disclosure-report-389953

Snip

Before the coronavirus pandemic wreaked havoc on the tourism and hospitality industries, President Donald Trump’s high-profile properties were humming along in 2019, according to an annual disclosure report released late Friday evening.

Trump National Doral Miami, the golf resort where the president had considered hosting this year’s G-7 gathering of world leaders before scrapping the plans, brought in the most money in 2019. It reported revenues of $77.2 million compared with nearly $76 million in 2018.

[soothsayer]

2. Trump releases 2019 financial disclosure report

https://www.cnn.com/2020/07/31/politics/trump-financial-disclosures/index.html

Snip

Three of President Donald Trump's marquee properties -- Mar-a-Lago, Trump National Doral and his Trump International Hotel in Washington -- reported a mixed revenue record in 2019, according to a financial disclosure form provided to the federal government.

The latest form, required annually by the Office of Government Ethics, was released late Friday. As in previous years, the form appears to list revenues for Trump Organization properties under the "income" field, typically used by officeholders to report only their personal take-home pay or share of an asset -- a move that gives an inflated view of Trump's wealth.

[C_U_L8R]

3. Over $40 million in income from the DC Hotel

That doesn't look right. Is there any way to discern how much money laundering is going on?

On the other hand, his "How To Get Rich" IP only delivered a couple of thousand bucks.

He also seems to owe a huge amount of debt to the opaque Ladder Capital as well as Deutsche Bank.
Some say the Russian connections are hidden here and in real estate transactions.

[soothsayer]

4. Yes lots of funny business there

https://www.nytimes.com/2019/05/19/business/deutsche-bank-trump-kushner.html

This is a good one:

https://www.nytimes.com/2019/03/18/business/trump-deutsche-bank.html

[C_U_L8R]

5. But no gifts. Clearly, no one likes Donald

[RazzleCat]

6. I see a lot of stocks, big problem, if he is listing them, then are not in a blind trust

also at a glance noticed, that many items were only partially listed, as in account balance only, with notification of an asset attached such as plane, building etc. or the phrase " Value not readily ascertainable" leaving a large gap in understanding the finances.

The man also has a ton of debt that again is only partially noted such as nine loans noted at this amount $5,000,001 - $25,000,000, that's quite a spread. Do you owe the 5 mill or 25mill? Plus a variety of other loans, all for large amounts, and again many with a large spread, these are noted as loans and mortgages, not lines of credit. I wonder about that

I am not a multi millionaire like Donald, but I do very well. I can look at all my assets and liabilities at any time and get a whole lot closer than that. House, Zillow says its worth X. Car, Kelly blue book says X (neither the most accurate, but gives you a pretty good idea for what to expect). Financial assets, I can grab a snapshot of them anytime for a full valuation (stocks, bonds, RETs etc), I can even get it broken down by asset type and in the case of bonds, date of maturity, also tax status exempt or not, on other assets I can see what are eligible for long term vs short term capitol gains. On liabilities, even easier, all I have to do is log in on my auto loan, (and prior my house mortgage and other loans) and boom right on the bottom the line giving me the total payoff cost as of X date.


Again, I don't have near as complex finances, but I do have a variety of different financial instruments and I can tap current value, date purchased and cost of purchasing and track the gain or loss of any specific item to the penny.

[BComplex]

7. I wish I had your brain, RazzleCat. I can barely get my taxes done.

Finances make me crazy.

[Disaffected]

8. What's with the

"Over $50,000,000" and similar entries? Could be any amount over 50 mil so seems like pretty useless information.

And the "$1,000,000 to $5,000,000". Must have crappy accounting if they can't tell any closer than that, especially when the listed assets are tangible.