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 monetary information. These clubs include Doral, Mar-a-Lago, and Bedminster in the United States. United States, and Turnberry in Scotland, which recently made headlines as the most expensive golf course in the world 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 information, 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 from January 2023 is a Miami-based company that owns golf courses. and a tourist center.
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 Array club in Bedminster, New Jersey, 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 will expand player fees starting next year.
While the green payment for a circular in the Ailsa costs £176 ($228) at any time, the Trump Organization plans to increase the green payment for non-residents to £1,000 ($1,296) until 1 p. m. in 2025, and £545 ($706) after that date.
According to the Trump Organization, the price increase is intended for check-out times for hotel members and residents.
“We found that a lot of other people were booking tee times at peak times of the year, but they were just coming to play golf and then leaving,” Turnberry chief executive Nic Oldham told Bunkered.
“In many cases, other people chose to play Ailsa but stayed close. This meant that visitors to our hotel could simply stay at the hotel but not access the course,” he said. he added. ” By blocking out those peak times, we’re going to offer greater gaming opportunities to our most productive customers. “
Some green fee 2025 news. 18 holes at the Ailsa course in Turnberry will charge £1,000 per user for non-residents before 1pm. After 1pm, £545. In 2013, the year before Trump took office, it cost £176 at all times. I think it’s applicable given what’s on offer at Carnoustie. . . 1/2 pic. twitter. com/wj7ChYfLYa
The rising costs will make Turnberry the most expensive golf course in the world. For Trump, that could mean even bigger profits, although Oldham said he hopes other people will recognize the convenience of staying at the hotel. Currently, the most expensive golf course in the world is Shadow Creek in Las Vegas, which has a payout of $1,250.
Trump has also recently increased Mar-a-Lago membership numbers. This year, four places are available to register in the prestigious club for a value of 1 million dollars each, 43% more than the current value of 700,000 dollars. 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 US and European politics, global affairs and housing. She extensively covered the ups and downs of the US real estate market and provided an in-depth look at the current situation. 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 reach Giulia by emailing g. carbonaro@newsweek. com.
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