Personnel work at the Trump Hotel in Rio de Janeiro, Brazil, Wednesday, Dec. 14, 2016. (AP Photo/Silvia Izquierdo)
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The canceled arrangements were to affix the Trump name to buildings in Argentina, Azerbaijan, Brazil and Georgia, and the revenue figure is drawn from Trump's personal financial disclosure filed to the Federal Election Commission last May.Trump has refused to release his tax returns, making it impossible to fully assess the conflicts he faces or the profitability of his operations. Trump has said he plans to put his two eldest sons, Donald Jr. and Eric, in charge of the Trump Organization and vowed to do no deals while he's president. The exact structure of the licensing deals isn't public, and the canceled arrangements might have generated more revenue in the future, as payment for the deals was "back-loaded toward project completion," according to Trump's disclosure. Trump shut down four companies registered in Delaware related to Saudi Arabia, where he hadn't started operating.
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