Former President Donald Trump saw sharp revenue declines across his family businesses last year as the Covid-19 pandemic took a steep toll on the Trump Organization’s hotels and golf resorts, a marker of the many financial challenges Mr. Trump faces after leaving the White House.
Newly released data from the Office of Government Ethics shows that the minimum revenue generated by Mr. Trump’s businesses fell by nearly 40% from a year earlier, and declined even more at some of the company’s most lucrative properties.
The issues facing the Trump Organization are likely to get worse in the coming months. Some of the business’s partners and clients said they would cut ties to Mr. Trump after his supporters stormed the Capitol in an effort to overturn President Biden’s election win.
Eric Trump, who has been running the Trump Organization since his father took the White House, said in an interview Thursday that the family business was in strong financial shape.
“I have 75 million people who would follow my father to the ends of the Earth,” he said. “He’s got probably the most famous brand in the world. The opportunities for somebody like that are going to be endless.”
