Trump Earned 2.7 Trillion Won During 4 Years as President

[Photo by AP Yonhap News]

[Asia Economy Reporter Byunghee Park] Former U.S. President Donald Trump reportedly earned $2.4 billion (approximately 2.7648 trillion KRW) in revenue during his four-year term, according to the American business magazine Forbes on the 19th (local time).

Forbes analyzed reports submitted to the Securities and Exchange Commission (SEC) and reported that from January 2017 to December last year, former President Trump earned $940 million from golf clubs, $781 million from commercial real estate, and $466 million from hotels and licensing businesses.

Trump had announced that he would donate his presidential salary of $400,000 before being elected and is known to have donated most of his salary.

However, he earned such massive profits from assets held during his four-year term that he could afford to forgo his salary.

The golf clubs generated $940 million over four years. The most profitable was the National Doral Golf Club in Miami, Florida, which earned $270 million. The Mar-a-Lago Resort in Florida, where Trump stays after leaving office, and the National Golf Club in New Jersey, where he spent this past summer, earned $90 million and $60 million respectively.

As a real estate businessman, former President Trump also earned considerable income from buildings. Commercial real estate in which Trump held stakes, including office buildings in San Francisco, California, and Sixth Avenue in New York City, generated $781 million in revenue over four years.

The hotel and licensing business earned $466 million over four years. Annual revenue in this sector exceeded $100 million in 2017 but dropped to $50 million last year.

Additionally, Trump made $118 million in profits from asset sales during his term. Other income was estimated at $111 million.

Forbes noted that if the COVID-19 pandemic had not occurred, former President Trump's earnings would have been higher, stating that the average annual revenue from 2017 to 2019 was $650 million, while last year's annual revenue was $450 million.

This content was produced with the assistance of AI translation services.