Over 100 of Donald Trump’s Companies Make No Money: Financial Disclosures

Nearly half of former President Donald Trump’s financial assets returned no income—or income measured at less than $201—new financial filings show.
The documents were released by the Federal Election Commission and are the first public insight into the Republican presidential nominee’s earnings in the lead-up to the presidential election. The disclosure is more than 250 pages and lists all of Trump’s incomes, investments, debts and business interests. There is also a section dedicated to “Spouse’s Employment Assets & Income and Retirement Accounts” regarding Melania Trump’s income.
Under the section titled “Filer’s Employment Assets & Income and Retirement Accounts,” there are 452 listings, with income types including rent, royalties, interest, sales proceeds, management fees, license fees, business income and more. Of these listings, 205 returned no income or less than $201.
Inactive assets accounted for 67 of Trump’s listings that returned no income or less than $201. Thirty-three of the listings returning no income were dissolved in 2023. Newsweek reached out to the Trump campaign by email for comment.
Despite the low income for so many of Trump’s assets, the Republican presidential nominee received a financial boost from many others, including $56.9 million in resort-related revenue at Mar-a-Lago. Other resorts in which Trump is involved also were lucrative, including TIGL Ireland Enterprises in Doonbeg, Ireland, which brought in more than $16 million in resort-related revenue.
Trump also raked in millions from several other holdings, including nearly $5 million from THC Miami Restaurant Hospitality LLC and more than $8 million from THC Sales & Marketing LLC based in New York. The Trump Corporation management company in New York and Florida brought in more than $24 million.
Trump’s various golf clubs across the nation proved especially lucrative, with Trump National Charlotte in North Carolina bringing in more than $25 million. Trump National Jupiter in Florida, which DJT Holdings owns 99 percent of, brought in $33.5 million in “golf-related revenue.” Trump National Washington, D.C., in Virginia earned more than $28 million, with Trump National Westchester in New York bringing in more than $12.7 million.
The filings also revealed some of Trump’s financial woes, such as owing more than $100 million in liabilities regarding his legal troubles in New York. Judgments against Trump in the two civil lawsuits brought against him by E. Jean Carroll are listed in the disclosure. The document also listed more than $50 million in liabilities stemming from the New York civil fraud case brought against Trump by New York Attorney General Letitia James.