Donald Trump has made more than $1 billion in profits from his golf clubs and resorts around the world over the past 16 months, according to his recently released financial statements. These clubs include Doral, Mar-a-Lago and Bedminster in the United States, and Turnberry in Scotland, which recently made headlines as the world’s most expensive golf course after the Trump Organization raised prices.
While these are huge gains, the former president faces more than $100 million in liabilities stemming from three civil lawsuits he lost in New York, according to the 265-page document, a sum that makes his monetary scenario a little more fragile. at a time when its corporate media suffers common losses.
The document is a first look at the former president’s monetary plan ahead of the November elections.
Golf has been a central component of Trump’s public persona throughout his political career, and it turns out the former president really enjoys the game while being photographed on the course. But golf is much more than just a hobby for the Republican candidate: it is a very important component of his personal wealth.
According to his most recent monetary disclosures, released last week, the former president generated a total of $513 million in profits from his clubs and resorts in the United States. Trump’s biggest source of profit in the 16 months since January 2023 is a Miami-based company that owns golf courses and a hotel complex.
The Mar-a-Lago hotel in Palm Beach, which features a 27-hole golf course, generated $56. 9 million during the same period, while the Bedminster, New Jersey, club generated $37 million. The three holdings are described in the monetary disclosure as valued at “more than $50 million,” the amount the applicants can list.
Trump’s golf club in Jupiter, Florida, earned $31 million between January 2023 and July 2024, while his Scottish course, Turnberry, earned £26 million, or $33. 5 million. The Turnberry Golf Course recently made headlines after the Trump Organization announced it would increase player fees starting next year.
While the green pay for a circular in Ailsa’s field is £176 ($228) at all times, the Trump Organization plans to increase the green pay for non-residents to £1,000 ($1,296) before thirteen hours. in 2025, and £545 ($706) after that date.
According to the Trump Organization, the accumulated value is intended for the departure times of hotel members and residents.
“We found that a lot of other people booked tee times at peak times of the year, but they just came to play golf and then left,” Turnberry Chief Executive Nic Oldham told Bunkered.
“In many cases, other people chose to play at Ailsa but stayed somewhere else nearby. This means that visitors to our hotel can stay at the hotel but not access the course,” he added. “By blocking out those peak hours, we will offer greater gaming opportunities to our most productive customers. “
Some new green fee for 2025. 18 holes on Ailsa’s course at Turnberry will charge £1,000 per user for non-residents before 13:00. In 2013, the year before Trump took office, it cost £176 at any given time. I think it is applicable given what is proposed in Carnoustie. . . 1/2 pic. twitter. com/wj7ChYfLYa
The accumulated value will make Turnberry the most expensive golf course in the world. For Trump, that could mean even bigger gains; Oldham said he hopes other people recognize the convenience of staying at the hotel. Currently, the most expensive golf course in the world is Shadow Creek in Las Vegas, which costs $1,250.
Trump also recently promoted the club in Mar-a-Lago. Se have made four options to sign for the prestigious club this year worth $1 million each, 43% more than the current value of $700,000. In 2016, the contribution was $100,000. Applications will open in October, for those interested and with significant monetary resources.
But while Trump’s golf clubs and resorts are proving to be highly profitable, the former president’s media company, Trump Media, has noted its net drop as Truth Social’s stock has plunged several times. it repeated this year, costing it millions in losses.
On Monday, Trump Media’s shares fell five percent to below $25 per share, the lowest trailing value since April 16. This cut cost Trump $170 million.
Giulia Carbonaro is a Newsweek journalist based in London, United Kingdom. She focuses on American and European politics, global affairs and housing. She has extensively covered the ups and downs of the American real estate market and provided deep insight into the ongoing war in Ukraine. Giulia joined Newsweek in 2022 from CGTN Europe and in the past she worked at the European Central Bank. She graduated from Nottingham Trent University. Languages: English, Italian, French.
You can contact Giulia by emailing g. carbonaro@newsweek. com.
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