Trump’s business was crashing even before the Capitol riot made his
Federal officials are allowed to disclose their income and the value of their assets in broad ranges. Overall, Trump reported revenue for 2020 of $278 million to $313 million, down from $445 million to $483 million in 2019. Based on the midpoint of those ranges, revenue fell by 37%.
Hotels and other hospitality companies, which form a substantial part of Trump’s business empire, have been hit especially hard during the pandemic as travelers stay home and governments impose lockdowns. In Scotland, for example, Trump Turnberry has been forced to close because of government restrictions designed to contain the spread of the coronavirus.
Still, there are major questions about the president’s business after his supporters vandalized the Capitol earlier this month in a brazen assault that left five people dead and sparked a major corporate backlash.
Read More: Trump’s business was crashing even before the Capitol riot made his