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.

FOLLOW THE MONEY

Corporations and billionaires don’t fund journalism like ours that exists to shake things up. Instead, support from readers allows Mother Jones to call it like it is without fear, favor, or false equivalence.

And right now, a longtime friend of Mother Jones has pledged an incredibly generous gift to inspire—and double—giving from online readers. That's huge! Because you can see that our fall fundraising drive is well behind the $325,000 we need to raise. So if you agree that in-depth, fiercely independent journalism matters right now, please support our work and help us raise the money it takes to keep Mother Jones charging hard. Your gift, and all online donations up to $94,000 total, will be matched and go twice as far—but only until the November 9 deadline.

$400,000 to go: Please help us pick up the pace!

payment methods

FOLLOW THE MONEY

Corporations and billionaires don’t fund journalism like ours that exists to shake things up. Instead, support from readers allows Mother Jones to call it like it is without fear, favor, or false equivalence.

And right now, a longtime friend of Mother Jones has pledged an incredibly generous gift to inspire—and double—giving from online readers. That's huge! Because you can see that our fall fundraising drive is well behind the $325,000 we need to raise. So if you agree that in-depth, fiercely independent journalism matters right now, please support our work and help us raise the money it takes to keep Mother Jones charging hard. Your gift, and all online donations up $94,000 total, will be matched and go twice as far—but only until the November 9 deadline.

$400,000 to go: Please help us pick up the pace!

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