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Trump says his business flourishing since presidential run

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AP Washington
Last Updated : May 19 2016 | 9:02 PM IST
Donald Trump has told the government that his myriad businesses have flourished with rising revenues since his improbable political success, according to financial documents released.
The presumptive Republican presidential nominee said revenue at his businesses grew by USD 190 million over the past 17 months, and he had USD 557 million in earned income.
The Federal Election Commission released the personal financial documents that Trump filed with the agency. They provide an overview of the billionaire's assets and revenues and his roles with hundreds of corporate shell companies.
Trump has so far declined to release his tax returns, making it difficult to confirm financial details. The filing also shows that Trump has invested in some of the companies that he uses as punching bags on the campaign trail.
The 104-page filing provided little evidence that Trump's combative campaign hurt his business prospects, despite regular talk of boycotts early in his campaign.
Though the disclosure overlaps with one he filed last year making straight comparisons difficult revenues from his golf resort businesses are up, with Trump reporting USD 306 million in revenues from his courses around the world.

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About USD 32 million of that came from Trump's course in Doral, Florida, up from USD 49 million in revenue the year before.
The Mar-a-Lago club, a Trump vacation property and private club that has been a regular backdrop for campaign events, also saw a big jump. It reported USD 29 million in revenues, far more than the USD 16 million reported in Trump's filing last year.
The Miss Universe Pageant, which Trump sold after his comments on Mexican immigrants led to a dispute with television networks, went for USD 49 million. That was far more than the USD 5 million to USD 25 million the pageant was listed as worth on his financial disclosures from last year.
Trump said late Tuesday that the filing was "the largest in the history of the FEC" and he praised the timely submission.
Despite promising at various points during the campaign that he would release his tax returns, Trump has not yet done so. He has said audits by the IRS prevent him from doing so, and speculated that he was being singled out because of his strong Christian beliefs.
IRS officials have not said whether they were auditing Trump. They have said Trump could publicly release his filings even if such an audit was occurring.
The filing also revealed that Trump holds investments in companies like Ford Motor Co, Apple Inc. And the parent company of the maker of Oreo cookies all businesses that he's assailed on the campaign trail for outsourcing, or in Apple's case, not agreeing to crack into iPhones for federal authorities.
Trump's personal financial disclosure provides little hint that Trump is winding down his business ventures amid his presidential run. Trump reported new licensing and management companies with international names, including ones that appear to be set up to do business in Kolkata, India, Buenos Aires, Argentina, and Jeddah, Saudi Arabia.

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First Published: May 19 2016 | 9:02 PM IST

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