Revenue from President Donald Trump's sprawling business empire largely held steady last year amid his turbulent presidency, according to his financial disclosure Thursday, with a drop in business at his Mar-a-Lago resort and small gains at his Washington hotel and Doral golf club. The mixed bag provided validation to neither those who predicted Trump would reap massive profits off the presidency nor to Trump himself, who earlier this year claimed he has "lost massive amounts of money doing this job." Overall, the report released by the Office of Government Ethics shows revenue from Trump's business empire in 2018 was at least $434 million, per outlets including CNN and the New York Times. His 2017 revenue was about $453 million, the AP reports.
Revenue tallied from more than 200 businesses was down more than $30 million from the previous year, due partly to a drop in management fees at hotels that cut ties to the president's company. That shortfall was made up from sales of various properties last year, including a stake in a housing project in Brooklyn and land near Los Angeles and in the Dominican Republic. Trump's Doral golf course and club in Miami took in the most among his golf properties, generating about $76 million in revenue last year, about $1 million more than in 2017. His Mar-a-Lago in Palm Beach, Florida, took in nearly $23 million, a drop of more than $2 million. Trump's Washington, DC, hotel near the White House, a magnet for lobbyists and foreign interests, generated nearly $41 million, up less than half a million from last year.
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