Trump reports making at least $479 million in 2018

By Anna Bahney and Maegan Vazquez, CNN
Updated 2:40 PM ET, Thu May 16, 2019

(CNN)President Donald Trump made at least $479 million in 2018, according to his annual financial disclosure released Thursday by the White House.

Since taking office, Trump has broken presidential precedent by maintaining his interest in the Trump Organization, which is run on a day-to-day basis by his adult sons Don Jr. and Eric.
He's also the first president in decades not to release his personal tax returns, though he has submitted his required financial statements each year to the Office of Government Ethics.

READ: Donald Trump's 2019 White House financial disclosure form

Financial disclosure documents, which allow office holders to report within ranges, do not reveal as much about finances as a tax return, which includes granular details about income and asset valuations, along with other information.

The fresh disclosures come as the Trump administration faces a Friday deadline to respond to a subpoena from House Democrats for six years of tax records.

Treasury Secretary Steven Mnuchin indicated on Wednesday that he was likely to resist the order, telling reporters: "I think you can pretty much guess how we're going to, but we haven't made a decision."

What are emoluments and is Trump taking them from foreign powers?

Trump has made his wealth and deal-making prowess core elements of his political appeal, but has faced almost constant questions about his actual net worth since announcing his candidacy almost four years ago.

The New York Times reportedearlier this month that Trump lost more than $1 billion over a decade in the 1980s and early 1990s.