(CNN) Former President Donald Trump He filed his personal petition on Friday Financial disclosure statement with the Federal Election Commission — giving the public its first look at his post-presidential finances.
However, the statements provide an inaccurate financial picture because candidates are required to report only a broad range of their assets and liabilities. After missing an earlier deadline to file in 2024, Trump is allowed to file on Friday to avoid paying a $200 late fee.
The 101-page report offered some new insights into Trump’s finances since leaving office, including his social media business venture and last year. Sale of digital business cards Also known as NFTs or Non-Fungible Tokens.
Trump’s post-presidency financial details
Trump also filed a list of hundreds of assets, from properties like his Mar-a-Lago resort in Florida to royalties from his books.
Trump reported more than $5 million in income from speaking engagements, according to a financial disclosure statement.
The former president made between $100,001 and $1 million from NFTs, according to filings.
Additionally, Trump Media & Technology Group Corporation, an umbrella company linked to his social media venture Truth Social, is worth between $5,000,001 and $25 million, he said. But Trump, who owns 90% of Trump Media & Technology Group Corp., reported no income from the property.
The filing underscores the global reach of Trump’s business interests as he campaigns for the presidency again. For example, he reported more than $5 million in royalties from what was described as “DD Marks Oman LLC.”
The New York Times reported In November, the Trump Organization signed a deal with a Saudi real estate firm to build a Trump hotel, villa and golf course in Oman as part of a $4 billion project.
A Trump campaign spokeswoman did not respond to questions about the filing Friday evening.
Of the 16 books Trump listed, “The Art of the Deal” — his 1987 memoir of business advice — generated between $100,000 and $1 million in royalties, according to published information. Most books received less than $201 in royalties.
According to the filing, most of former first lady Melania Trump’s income comes from royalties from MKT World LLC, which she lists at $1 million to $5 million, as well as rental income from a real estate deal in Slovenia that provides up to $1,000. Income of $15,000.
Trump said he was paying off six mortgages and took out two more on existing properties. Two of the mortgage payments on the Miami and Washington properties were loaned by Deutsche Bank — which said it would avoid future business with Trump in the wake of the Jan. 6, 2021 revolt. His Washington mortgage was paid for the old post office building that housed the Trump Hotel near the White House. Trump’s company sold the lease on the property last year.
Late filing
Last month, Trump attorney Derek Ross wrote to the FEC saying the former president needed an “additional 30 days” to finalize and file his report because of “issues with his financial holdings.”
Trump has tried twice before to file for a 45-day deadline, the maximum allowed. Trump’s filing — after securing two extensions — was due March 15.
Lisa Stevenson, acting general counsel for the Federal Election Commission, responded to Rose’s claim that Trump had exhausted all of his extensions. He warned that under federal law governing these disclosures, Trump could face a $200 fee if he doesn’t produce the report within 30 days.
“President Trump has substantial financial reserves and we have advised the Federal Election Commission that he needs more time to file his financial disclosure statements,” Trump spokesman Steven Cheung said in an email to CNN last month.
Most presidential candidates — and White House office holders — release their tax returns for a more detailed picture of their finances. Trump steadfastly refused to do so during his previous candidacy and tenure in the White House.
Filing follows the issuance of the tax return
Last year, House Democrats on the Ways and Means Committee Published Trump’s six-year tax returns from 2015-2020 are the culmination of a years-long legal battle over their disclosure.
The thousands of pages of financial documents — which the committee sued to obtain after Trump broke a decades-long tradition of presidential candidates releasing their tax returns — provided the most detailed look at Trump’s finances, revealing that the former president paid little or nothing. Income tax after years of claiming huge business losses before and during his presidency.
Joint Committee on Taxation Report Trump’s tax returns showed Trump carried forward huge net operating losses. Trump paid $750 in taxes in 2016 and 2017 and $0 in 2020 as he reported losses of millions.
The returns show Trump has business income, taxes, expenses or other financial items in nearly two dozen countries, as well as multiple foreign bank accounts, including one in China from 2015 to 2017.
Trump’s financial disclosure form Filed in 2020 It lists at least $446 million in revenue from dozens of sources, including royalties from his hotels, resorts, golf courses and books and TV shows. Trump’s financial disclosure form appeared to list earnings for the Trump Organization as “income,” which is typically used to report only personal take-home pay or a share of assets — giving Trump an inflated view of his wealth.
This story has been updated with additional reporting.
