Donald Trump Has Been Losing Money Every Year Since 2012

As we all know by now, the New York Times has somehow gotten hold of Donald Trump’s tax information from 2000-2018. They have an immense piece about it today, with more coming in the following weeks, but there was only one thing I wanted to know: just how much money does the guy make? Without further ado, here’s what Trump has claimed on his tax returns:

Trump’s story turns out to be pretty simple. After screwing everybody in sight during the ’90s, he entered 2000 in parlous shape. What saved him was The Apprentice, which earned him a boatload of money and formed the foundation of his flurry of licensing and endorsement deals over the next few years. But as revenue from the show faded, so did Trump’s finances, and since 2012 he’s been losing money every year. Long story short, Trump has lost money at pretty much everything he’s ever done. The only exception is The Apprentice and the licensing money it enabled—which probably owes more to reality show mogul Mark Burnett than to Trump himself.

Trump’s ability to squander the money he inherited is breathtaking. He’s also deeply in debt, it turns out, with about $300 million in loans coming due over the next few years. It’s no wonder he’s been so assiduous at trying to turn the Oval Office into his own private ATM.

HERE ARE THE FACTS:

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ONE MORE QUICK THING:

Our fall fundraising drive is off to a rough start, and we very much need to raise $250,000 in the next couple of weeks. If you value the journalism you get from Mother Jones, please help us do it with a donation today.

As we wrote over the summer, traffic has been down at Mother Jones and a lot of sites with many people thinking news is less important now that Donald Trump is no longer president. But if you're reading this, you're not one of those people, and we're hoping we can rally support from folks like you who really get why our reporting matters right now. And that's how it's always worked: For 45 years now, a relatively small group of readers (compared to everyone we reach) who pitch in from time to time has allowed Mother Jones to do the type of journalism the moment demands and keep it free for everyone else.

Please pitch in with a donation during our fall fundraising drive if you can. We can't afford to come up short, and there's still a long way to go by November 5.

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