Running for President Can Be a Profitable Investment

Fight disinformation: Sign up for the free Mother Jones Daily newsletter and follow the news that matters.


The Washington Post has a long piece tonight about Donald Trump’s latest FEC filing, which shows that business has boomed during his presidential campaign. It’s a little hard to make sense of, but apparently Trump claims that revenue from his various businesses rose from $362 million to $557 million. However, about $150 million of that came from one-off sales, so it’s unclear how much his campaign has really boosted things.

You can decide for yourself how seriously to take this, but here’s the most important part of the story:

While Trump’s campaign issued a statement referring to the form as a tally of his personal “income,” it is actually a list of his companies’ gross revenue — a figure that does not factor in the costs of paying employees and running the companies. In addition, the FEC form does not account for debt interest payments, a potentially significant expenditure for Trump, who lists five loans of over $50 million each.

In other words, this is all pretty meaningless, since we have no idea how well run Trump’s company is. Generally speaking, though, a large corporation is doing well if it records pretax earnings of around 10 percent. For a company like Trump’s, maybe the average is more like 15-20 percent. Then again, it could be lower if his debt service is high. Who knows?

That said, a rough guess puts Trump’s income last year somewhere in the range of $40-$100 million. Not bad.

A BETTER WAY TO DO THIS?

We have an ambitious $350,000 online fundraising goal this month and we can't afford to come up short. But when a reader recently asked how being a nonprofit makes Mother Jones different from other news organizations, we realized we needed to lay this out better: Because "in absolutely every way" is essentially the answer.

So we tried to explain why your year-end donations are so essential, and we'd like your help refining our pitch about what make Mother Jones valuable and worth reading to you.

We'd also like your support of our journalism with a year-end donation if you can right now—all online gifts will be doubled until we hit our $350,000 goal thanks to an incredibly generous donor's matching gift pledge.

payment methods

A BETTER WAY TO DO THIS?

We have an ambitious $350,000 online fundraising goal this month and we can't afford to come up short. But when a reader recently asked how being a nonprofit makes Mother Jones different from other news organizations, we realized we needed to lay this out better: Because "in absolutely every way" is essentially the answer.

So we tried to explain why your year-end donations are so essential, and we'd like your help refining our pitch about what make Mother Jones valuable and worth reading to you.

We'd also like your support of our journalism with a year-end donation if you can right now—all online gifts will be doubled until we hit our $350,000 goal thanks to an incredibly generous donor's matching gift pledge.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate