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US election: Donald Trump’s businesses see campaign gains

Май 19, 2016    
US election: Donald Trump’s businesses see campaign gains

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Donald Trump's business empire has seen revenue jump by $190m (£135m) since the real estate tycoon entered the US presidential race, according to newly released financial documents.

His controversial calls for a Muslim travel ban and deporting millions of undocumented immigrants appear not to have harmed his business interests.

Several firms severed ties with Mr Trump when he launched his campaign.

The gains mostly came from book royalties and his golf courses.

His latest book, Crippled America, generated between $1m and $5m in royalties, Mr Trump reported.

Revenue nearly doubled at Mr Trump's Mar-a-Lago resort in Florida from $16m to $30m. His bottled water line, Trump Ice, also saw growth.

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He also appears to have benefited from the sale of Miss Universe Pageant, a move caused by his entry into politics.

Mr Trump sold his stake in the contest for $49m after he called Mexican immigrants "rapists" and "criminals" when he launched his campaign in June 2015.

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The pageant had been valued between $5m and $25m in a previous financial discourse report.

The information in documents released by the Federal Election Commission (FEC) is self-reported.

Mr Trump says his net worth is about $10bn but the figure has been disputed.

Bloomberg news service and Forbes Magazine have estimated his actual net worth to be less than $4bn.


 

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