Trump’s businesses threw off about $550 million from 2017 to 2020, according to an analysis of documents—tax returns, financial disclosures, bond filings, credit reports and internal records—many of which emerged after the former president left the White House. For Trump, who earned even more before becoming president, the money was critical, allowing him to service his debts, improve his properties, pay his kids and live like a king—all while governing the nation.

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