Running for President Can Be a Profitable Investment


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.

FACT:

Mother Jones was founded as a nonprofit in 1976 because we knew corporations and the wealthy wouldn't fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2019 demands.

FACT:

Mother Jones was founded as a nonprofit in 1976 because we knew corporations and the wealthy wouldn't fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2019 demands.

We Recommend

Latest

Sign up for our newsletters

Subscribe and we'll send Mother Jones straight 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

We have a new comment system! We are now using Coral, from Vox Media, for comments on all new articles. We'd love your feedback.