Trump earned royalty from real estate bets in India

Trump earned royalty from real estate bets in India
18/06/2018 , by , in News/Views

US President Donald Trump received some income in the form of royalty from his real estate ventures in India, according to his latest annual financial disclosure form for the year 2016.As per the financial discloser form, Trump had two incomes from his India real estate ventures. Both the income has been put in category of royalties.

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. Trump submitted his discloser on Tuesday.

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.

Similarly, Trump had an income in a range of $100,000- $1 million from the DT Tower Kolkata 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.

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