Before COVID-19 hit, Donald Trump’s business empire was continuing to earn hundreds of millions of dollars. But the president’s recently filed personal financial disclosures show that much of that came from hotels and resorts, two of the industries hardest hit by the pandemic. We won’t know the specifics of how COVID-19 has diminished Trump’s wealth until next year (and even then, only if he is reelected and has to file another disclosure), but based on last year’s report, it could get quite ugly for the president—right before he has hundreds of millions of loans due to private lenders. Trump annually files a personal financial disclosure form that details the income he earned, the assets he owns, and the debt he owes.
Comment on Donald Trump’s Businesses Did Okay in 2019. But 2020 Might Be Awful for His Personal Wealth.
Russ Choma, Mother Jones
Mon, 08/03/2020 - 12:14pm
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