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Businessman-in-chief owes lenders $436m: Disclosure

His Mar-a-Lago resort in Florida made $37.2 million from January 2016 through this spring, an increase from the previous year’s $29.8 million. This figure was Dollars 7.4 million higher than on his previous financial disclosure filing in May 2016.President Donald Trump’s real estate empire is making millions.The report shows Trump resigned from more than 500 positions, stepping down from many on the day before his inauguration.”President Trump welcomed the opportunity to voluntarily file his personal financial disclosure form”, the White House spokesman’s office said in an emailed statement. Those include his Mar-a-Lago Club in Palm Beach, Florida, which doubled its members’ annual dues to $US200,000. Highest revenue from the Trump came from golf courses, such as the Trump National Doral in Miami, which however was reduced to $ 115.9 million from $ 132 million a year ago.Trump has earned $11 million from the Miss Universe pageant which he sold in 2015.The release comes as Trump is under investigation by special counsel Robert Mueller, a probe that’s tied to larger federal investigations into Russian interference in the 2016 election and whether Trump campaign advisers colluded in any interference. Because the ranges required for disclosure under federal ethics laws are so wide – Trump’s disclosure lists five separate liabilities each at “over $50,000,000″ – it is impossible to tell whether his debt load has changed appreciably.The report reveals that Trump had posts on the boards of 565 companies.Officials must disclose values on the form in ranges that top out at $US50 million. Meanwhile, mid-year, according to a document released by the US Department of State Administration, had personal debts of at least US $ 315.6 million to German, US and other banks.Trump is partnering with a billionaire Indonesian, Hary Tanoesoedibjo, on the two ventures. This doesn’t count other profit powerhouses like the the Trump International Hotel in Washington, which brought in another $20 million.The financial disclosures released aren’t as detailed as tax returns would be.The document also shows that Trump has less than $1 million in bonds to be paid for 6 East 57th St., a Manhattan retail property that houses a Niketown store.His sons Eric and Donald Jr. are in charge of the trust that holds all of Trump’s business assets, of which he is a beneficiary and can draw money from any time he wants.