Donald Trump owes $ 315 million to banks

President Donald Trump owes lenders nearly $315 million disclosure shows

"President Trump welcomed the opportunity to voluntarily file his personal financial disclosure form", the White House spokesman's office said in an emailed statement.

The financial disclosures released aren't as detailed as tax returns would be.

Instead, on January 17, 2017, three days before his inauguration, Trump transferred his holdings to a revocable trust managed by his adult sons, Donald Jr. and Eric, and Allen Weissberg, chief financial officer of the Trump Organization.

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According to The Washington Post's run-down of the disclosure, Trump has sold stocks in a number of companies, including Amazon, Exxon Mobil, Goldman Sachs, Microsoft, and Toyota, which were earning him millions in capital gains and dividends.

Latest disclosure puts his wealth at $1.4 billion and personal liabilities of at least $315.6 million to German, U.S. and other lenders as of mid-2017. That's in line with what he reported for 2015 and the first few months of 2016. Its television revenue like The Apprentice dropped to $ 1.1 million from $ 6 million a year earlier. The 2016 report listed royalties as being between $50,000 and $100,000, and the 2015 report put them at $15,000 to $50,000. It showed Trump was worth at least $1 billion. As Politico noted, Trump has gone as far as having Donald Jr. and Eric give updates on the company's finances.

The largest component of Mr Trump's income was US$115.9 million listed as golf-resort related revenues from Trump National Doral in Miami, down from US$132 million he reported a year ago.

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His golf club in Bedminster, New Jersey, on the other hand, produced nearly $20 million in revenue, about what it had during the previous reporting period.

The liabilities to Deutsche Bank are especially sensitive for Trump and were recently tied to the Russian Federation probe led by Robert Mueller, FBI special counsel.

He had roughly US$20 million in income from his new marquee Washington hotel, which opened just down the street from the White House last September. In addition to serving as a hub during inauguration festivities, it has hosted numerous events for foreign diplomatic and business interests.

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The hotel, featuring 263 rooms, BLT Prime by David Burke, Benjamin Bar & Lounge and The Spa by Ivanka Trump™, is cited in three separate lawsuits alleging that Trump is violating the Constitution's "emoluments" clause-a ban on foreign gifts and payments. Trump and the Justice Department have called those claims baseless.

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