Donald Trump earned $197 million from appearing on The Apprentice and a further $230 million from deals that followed, tax records show.
The reality TV show and the licensing and endorsement agreements it brought were among his biggest money-makers, The New York Times reported on Monday.
Thanks to a deal he made with producers of the show in 2005 alone, Trump raked in $47.8million because of a deal which entitled him to half the show's profits.
The money handed Trump a financial lifeline, the Times said Monday. He had relied on heavy losses across his business empire to help nearly erase his federal income tax bill, according to the paper's report Sunday.
The details of the tax filings published Sunday complicate Trump's description of himself as a shrewd and patriotic businessman, revealing instead a series of financial losses and income from abroad that could come into conflict with his responsibilities as president.
The president's financial disclosures indicated he earned at least $434.9 million in 2018, but the tax filings reported a $47.4 million loss. Losses in the property businesses solely owned and managed by Trump appear to have offset income from his stake in 'The Apprentice' and other entities with multiple owners.
Trump dismissed the story as 'fake news' at a news conference on Sunday.
Donald Trump earned $197 million from appearing on The Apprentice and a further $230 million from deals that followed, tax records show
The report shows how in total, between 2000 and 2018, he made $197 million from the show. Licensing deals sprang up afterwards, netting him another $230million. They included $500,000 from Domino's in 2005
He also netted 3.8million from Serta Mattresses in 2013
THE APPRENTICE - $197.3million
In 2005 alone, Trump raked in $47.8million because of a deal which entitled him to half the show's profits.
ENDORSEMENT AND LICENSING DEALS - $230million
$500,000 from Domino's in 2005
$3.8million from Serta Mattresses in 2013
$11million Trump International Hotel Waikiki licensing deal in 2010
$2.9million Trump Towers Istanbul licensing deal
INVESTMENTS - $178million
Trump Tower - $336million in profit between 2000 and 2018
Trump World Tower - $167million in profit
Share in two office buildings owned by Vornado - $176.5million
The golf courses were the most loss-making.
Between 2000 and 2018, the courses reported $315.6millon in losses.
In 2013, Trump National Doral in Miami reported $65.5million in losses.
In 2008 and 2009 - More than $1billion in losses from failure of his Atlantic City casino investments. He used it to claim a $72.9million refund in federal taxes from the previous four years
Bid for presidency announced, costing him Miss Universe and The Apprentice
But it boosted Mar-a-Lago membership and raked in $7.8million in 2016.
WHAT TAX DID HE PAY?
Between 2005 and 2008, he paid more than $70million to the IRS after his exorbitant income from The Apprentice and the endorsements that came with it caught up with him.
More than $300million which he is personally responsible for that he needs to start repaying in the next four years
He has liquidated hundreds of millions in stocks and has less than $1million in his portfolio, according to public financial disclosures
The IRS audit still is not complete. He could we more than $100million from that when it is, according to the Times.
The report shows how in total, between 2000 and 2018, he made $197 million from The Apprentice. Licensing deals sprang up afterwards, netting him another $230million.
They included $500,000 from Domino's in 2005, $3.8million from Serta Mattresses in 2013, $11million from a Trump International Hotel Waikiki licensing deal in 2010 and $2.9million from Trump Towers Istanbul licensing deal.
Trump, who campaigned for office as a billionaire real estate mogul and successful businessman, also netted half a million to sell Double Stuf Oreos and $850,000 to pitch laundry detergent All brand.
Seminars that promised 'the secrets and strategies that have made Donald Trump a billionaire' also made him cash. He made $300,000 at one event speaking in Dayton, Ohio. He earned royalties of $1.4 million from book Think Big and Kick Ass: In Business and Life.
Trump had told an NBC producer: 'Even if it doesn’t get ratings, it’s still going to be great for my brand.'
Apprentice producer Bill Pruitt told The New Yorker in 2018: 'We walked through the offices and saw chipped furniture.
'We saw a crumbling empire at every turn. Our job was to make it seem otherwise.'
In the two years before The Apprentice Trump had made less than a million in ad campaigns; in the two years after it started that figure reached $5.2 million.
Trump neckties, shirts and underwear netted him $15 million; he took $100,000 from Warner Music to appear on cellphone ringtones.
The president has been aggressive in claiming certain business expenses that further shrank his tax bill, according to the Times.
That includes $70,000 in hairstyling expenses tied to 'The Apprentice,' his former television program, and classifying a New York property described by the Trump Organization as a family retreat as an investment property to write off millions in property taxes.
Trump has a 30 percent stake in two other office buildings that are operated by Vornado, one of the city's most prominent commercial landlords, which netted him $176.5million.
But The Times report also found that Trump has been feuding with the Internal Revenue Service for the