Editorials National News US President Donald Trump received some income in the form of royalty from India
US President Donald Trump received some income in the form of royalty from India
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Washington sources added that according to his latest annual financial disclosure form for the year 2016. Meanwhile Trump has listed assets of at least $1.4 billion and income of more than $452 million, according to the form, a copy of which was released by the US Office of Government Ethics yesterday.
Moreover Trump submitted his disclosure on Tuesday. Media reports stated that as per the financial disclose form, Trump had two incomes from his India real estate ventures. Both the income has been put in category of royalties. Moreover Trump had an income in the range of $1 million-$5 million from DT Marks Worli LLC under a license deal with Jawala Real Estate Private Ltd and Lodha Developers Private Ltd. Notably the location of the deal has been mentioned as New York.
Furthermore Trump had an income in a range of $100,000- $1 million from the DT Tower Kolkatta LLC under a license deal with Concast Infrastructure Pvt Ltd, Tribeca Creators LLC, Regent Hirise Private Limited, Raj Construction Projects Private Limited, and Rob Realty and Infrastructure Limited. Moreover the location of this deal has been mentioned as Kolkatta. Accordingly Trump, however, had negligible (less than $201) from DT Tower Gurgaon LLC venture.