Much of the revenue came from Mar-a-Lago, his hotel in DC, and his American golf courses. However, Trump appears to be less wealthy today than when he took office.
The Secret Service has spent more than $1 million and the Republican National Committee has shelled out over $2 million at Trump properties, the Post reported.
Trump avoided paying the income taxes "largely because he reported losing much more money than he made," the New York Times reported.
Even prior to the Capitol siege, revenues at his businesses plummeted during the pandemic. "If you're a brand manager ... you'd avoid Trump," PR expert Eric Schiffer said.
The president's net worth drop is reportedly due to the declining values of the Manhattan towers that make up the bulk of his net worth as the coronavirus pandemic upends the real estate market.