President Donald Trump reported income of at least $434 million in 2018, according to his annual financial disclosure released Thursday by the White House.
That includes $40.8 million in revenue from his Trump International Hotel in Washington, DC, just blocks from the White House.
Trump reported that his Mar-a-Lago resort in Florida generated $22.7 million, a slight drop from the $25.1 million he disclosed for 2017.
Overall, Trump’s income appears to have gone down from last year, when he reported making at least $450 million.
Trump reported holding outstanding debt of at least $315 million. The disclosure forms allow filers to report ranges, and five of Trump’s loans are reported at “over $50 million” making the actual debt total impossible to calculate.
Financial disclosure documents do not reveal as much about finances as a tax return, which includes granular details about income and asset valuations, along with other information.
Since taking office, Trump has broken presidential precedent by maintaining his interest in the Trump Organization, which is run on a day-to-day basis by his adult sons Don Jr. and Eric.