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Donald Trump’s income from licensing his name to overseas companies has continued to rise since he announced his candidacy for president, his latest federal financial-disclosure form shows.
But the Republican has earned less from some other sources since announcing his White House bid in June 2015, according to an analysis of his Federal Election Commission filing. For example, he no longer makes paid public appearances. Also, the disparaging remarks that he made about Mexican immigrants last year had an impact on his beauty pageant and menswear line.
Mr. Trump’s ready cash may have declined, according to the form, which was made public Wednesday. He has between about $61 million and $173 million in stocks, bonds, cash and other relatively liquid holdings. Last July, he reported he had between $78 million and $232 million in such assets.
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This decline might help explain why Mr. Trump decided to start raising large campaign donations after emphasizing throughout the primary season that he was self-financing and, therefore, he said, not beholden to special interests like other candidates. Mr. Trump loaned his campaign $36 million through the end of March and had also taken in $12 million from individual donors.
Overall, the disclosure form doesn’t answer the question of how much Mr. Trump is worth because it was designed by the Office of Government Ethics to guard against conflicts of interest and not precisely state a candidate’s income or wealth.
But it does provide a revealing snapshot of the billionaire’s sprawling operations—including real estate, golf courses, licensing deals and management businesses—as he looks forward to what is expected to be a bruising battle against Hillary Clinton, the Democratic front-runner. The financial demands already have started to ratchet up, with Mr. Trump’s campaign spending about 50% more in March than in February.
A Wall Street Journal analysis, published this week, of the financial disclosure form that Mr. Trump filed last July found that he wouldn’t have had the ready cash from his businesses to continue self-financing through November. If he wanted to stay on this route, he would have had to sell assets or take on more leverage, the analysis found.
The Journal’s analysis estimated Mr. Trump’s 2016 pretax income at $160 million. A spokeswoman for the Trump campaign said this figure was wrong by “a lot.”
According to the latest form, the value of some of Mr. Trump’s stockholdings has declined. For example, he held between $2.35 million and $7.75 million of Apple Inc.
shares last July; he now holds between $1.1 million and $2.25 million. It isn’t clear how much of the change was due to his selling and how much was due to the stock’s price decline.
Meanwhile, the money coming from Mr. Trump’s income-producing businesses has increased. In his July form, he listed 170 different assets in the section of the form labeled “employment assets and income” with a minimum revenue of $419.6 million.
This year, he listed 152 assets, with minimum revenue increasing to $615 million. Part of this came from his golf-course business, which saw $306 million in revenue, up from $192.5 million reported in his July filing.
Also, he received royalty payments of $11.3 million from 29 sources, up from $9.4 million from 24 sources. Part of this came from his deal with the Trump International Golf Club in Dubai, which produced $1 million to $5 million in royalties, according to the latest form, up from the less than $201 reported in July.
Reasons for the increase in total revenue also included proceeds from the sale of his Miss Universe beauty pageant for about $49.3 million. He took that step last year after Univision Communications Inc. canceled plans to air it, citing his remarks about Mexicans.
The campaign has cut into some of Mr. Trump’s other businesses, according to the latest disclosure. For example, he listed only four speaking engagements, for a total of $800,000, with all of them taking place before he announced his candidacy. His previous form listed seven engagements for $1.75 million.
The disclosure form filed last July covers 2014 through July 2015; his latest form covers 2015 through this month. As a result, some transactions, such as speaking engagements, are covered by both forms.
Meanwhile, Mr. Trump’s menswear line apparently was hurt by Macy’s Inc.
’s decision to stop carrying it, also citing his Mexican remarks. The line brought in $100,000 to $1 million in royalties, according to the filing. Last July, he reported the menswear line brought in $1 million to $5 million in royalties.
At the same time, Mr. Trump’s royalty business has grown, particularly the licensing of his name to foreign companies. For example, in September, Trump Hotels announced a deal with a new ultraluxury resort in Indonesia. His latest disclosure reports $1 million to $5 million in royalty income from this agreement.
Since announcing his presidential campaign, Mr. Trump has created 48 new corporate entities, including DT Jeddah Technical Services Advisor LLC. The disclosure forms provide little if any detail about what those companies do, and most of them don’t yet appear to be producing profits, because no income is listed for many of them.
Meanwhile, Mr. Trump seems to be getting out of other businesses. For example, he ended his involvement with Trump Drinks Israel Holdings LLC in October 2015, according to the form.
Another change: He listed assets in family trusts on the new form, but not the one filed last July. Those accounts total between $1.63 million and $7.51 million, the new form stated.
—Richard Rubin contributed to this article.
Write to Peter Grant at peter.grant@wsj.com and Andrea Fuller at andrea.fuller@wsj.com
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