‘Wild swings’: Trump discloses $1B earnings that show huge fluctuations from previous filings
Donald Trump has revealed new details about his post-presidency earnings in response to the Office of Government Ethics and his revised financial filings indicate “wild swings in valuation,” according to a former agency official.
The Washington Post reports the financial filings list nearly a hundred income sources for Trump’s approximately $1.2 billion earnings since he left the White House, which includes several seven-figure speaking events in which the former president earned more than had been previously disclosed, the report said.
Trump earned at least $2 million for speaking at an event held by a group co-founded by Sun Myung Moon, the late Unification Church leader, and $2.5 million for speaking about a boxing match, the report said.
His wife, Melania Trump, earned $1.2 million from speaking fees according to the new filings cited in the report.
The revised filing also indicates Trump paid off a mortgage on his Doral, Fla., golf club valued at between $25 million and $50 million that was held by Deutsche Bank, according to the report.
The revised filing appeared on OGE’s publicly accessible database, according to the report.
Michael Kranish, Aaron Schaffer and Clara Ence Morse write for The Post that, “In two cases in the revised filing, Trump disclosed earnings outside the range he had previously indicated, according to the Post tally. In reporting income from a golf resort in Ireland, Trump went from saying his earnings were less than $201 to saying he received an amount in euros that today would be equal to $6.2 million. In another instance, Trump initially reported income between $1,001 and $2,500 from a carousel in New York’s Central Park, but revised the amount to $2,873 in the July filing.”
Trump filed his initial report in April.
Don Fox, who served as the OGE’s general counsel and acting head of the OGE during the Obama administration, said that although asking filers with complicated finances isn’t inherently unusual, but suggested that Rounds viewed Trump’s April filing to be inadequate.
Fox said that “the fact that Emory Rounds did not sign it in April would tell me that he was not satisfied that all the disclosures required by law had been made at that time. Those are pretty wild swings in valuation.”
The Federal Election Commission provided a copy of the filings in response to a request from Raw Story in two parts, which are linked below: Part 1 and Part 2.
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