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David Fahrenthold @Fahrenthold
, 11 tweets, 4 min read Read on Twitter
THREAD: Our story on @realDonaldTrump's financial disclosures focused on the big news: the admission Trump reimbursed Michael Cohen for his payment to Stormy Daniels.
But the forms also give us a rare, if incomplete, look at the state of the Trump Org....
washingtonpost.com/politics/in-ne…
In broad terms, it shows...not much changing. The Trump golf empire, for instance, produces abt as much revenue per month as before.
The biggest increases in golf revenue came where Trump needed them most: his money-losing golf resorts overseas, for which he paid all-cash.
Here's our story, btw, on those all-cash golf purchases, part of a massive $400M+ cash spending spree by @realdonaldtrump since '06 that defies real-estate practice. washingtonpost.com/politics/as-th…
One interesting trend: what happened to properties that @realDonaldTrump himself visits?
The DC hotel is going gangbusters. But Mar-a-Lago declined, after big charities pulled their galas in reaction to @realDonaldTrump's assertion that there were "very fine people" among violent crowd in Charlottesville. washingtonpost.com/politics/mar-a…
What new business lines were added in 2017? Not many.
Before, Trump Org had been expanding mainly w/licensed real estate deals overseas. Then he won, & they swore off new foreign deals.
The disclosure also shows what went kaput in 2017. 2 hotels and a line of K-cups. (Another hotel, in Panama, was lost later).
Even after @realDonaldTrump made himself a polarizing political figure, a lot of people are still obligated to pay him to use his name.
That’s what I noticed in Trump’s financial disclosures. I’d be interested in hearing what other people spotted. END
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