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This is how much Trump made last year

TicToc Tonight
Bloomberg

Greetings, TicToc readers! Thursday's almost over. Here's what's happening: 

But first...

A new glimpse at Trump's finances 

President Trump made at least $434 million in 2018, according to his annual financial disclosure released by the White House, down from $452.6 million the year before. The disclosures, which include income ranges rather than exact totals, show his licensing royalties, rents and golf revenues fell at some of his properties as his politics increasingly appear to dent his brand.

More:

  • Trump's Mar-a-Lago resort in Florida generated $22.7 million in income, a slight drop from last year's reported $25.1 million.
  • Business was slightly up at his namesake hotel in Washington D.C., just blocks from the White House, growing 1% to $40.8 million.
  • Federal ethics rules require the annual release of the president's financial statements. Trump still refuses to release his tax returns, reversing a four-decade precedent for U.S. presidents.

Headlines from around the world

I.M. Pei, the iconic Chinese-American architect, died at age 102. The Louvre's glass pyramid entrance was among his many famous designs.

Trump unveiled his proposal to revamp the U.S. immigration system, seeking to change it from family based to a merit-based one. 

China threatened to retaliate against the White House campaign to block Huawei from U.S. networks, which could disrupt 5G rollouts globally.

The College Board is reportedly adding an "adversity score" to the SAT exam that incorporates students' socioeconomic status into their results. 

Bill de Blasio, New York City's progressive mayor, became the 23rd Democrat to enter the 2020 race. Some New Yorkers were not pleased

Data of the day

Big data earns big bucks. The Class of 2019 is getting ready to enter one hot job market. And grads with a background in slicing and dicing data have an edge. Data scientist was the highest-paying entry-level job last year.

Lean back and watch

Even death is getting greener. More people are opting for eco-friendly burials, forgoing traditional caskets for untreated wood boxes or shrouds.

The multibillion-dollar "egg" race is in full swing. Upstart firms are looking for ways to throw off the yolk and make palatable substitutes.

Would you pay $75 for a cup of coffee? A California cafe says a cup of its organic Elida Natural Geisha 803 brew is the world's priciest.

Listen to our podcast

Is Trump's immigration overhaul DOA? The president's plan to unite Republicans behind a comprehensive immigration overhaul, a move meant to counter perceptions that the GOP is anti-immigrant ahead of 2020, was showing signs of defeat even before it was even unveiled.

Listen to today's TicToc podcast with Andrew Mach and Bloomberg News White House reporter Justin Sink.

Don't miss this

"You will do anything to live." AOC grilled the CEO of Gilead for pricing anti-HIV drug Truvada, aka PrEP, at $8 in Australia but $1,500+ in the U.S.

"It's dangerous, for sure." Selena Gomez may be the third-most followed user on Instagram, but that doesn't mean she's a fan of social media.

"The future of mobility." Legendary sprinter Usain Bolt launched a fleet of e-scooters in Paris to tackle environmental damage caused by traffic.

Before you go

Most expensive art of the day. It was thrilling enough when Jeff Koons's sculpture of a silver bunny sold for a record $91.1 million, the most ever for a work by a living artist at auction. Even more striking was the buyer: Treasury Secretary Steven Mnuchin's father.

Thanks for reading! Watch your inbox for our next newsletter tomorrow. Until then, share TicToc Tonight with your friends.
-Andrew Mach

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