Trump Reveals $513 Million from Golf Clubs and Resorts

Donald Trump’s latest financial disclosure showed $513 million in income from US resort and residential properties including his Doral, Mar-a-Lago and Bedminster clubs, as well tens of millions of dollars of liabilities and debts related to his legal troubles.

The figures are from a 265-page filing by the Republican nominee, which depict a sprawling portfolio that includes everything from his primary residence to revenue from crypto and the eponymous media company that owns Truth Social, his networking platform.

Among his biggest sources of income was a Miami-based company that owns golf courses and a resort. It generated $161 million over 16 months starting in January 2023. His Mar-a-Lago property in Palm Beach, Florida, generated $57 million over the same period, while Trump Ruffin Tower near Las Vegas took in $28 million from condominium sales and hotel-related revenue. His Bedminster club in New Jersey earned $37 million.

Trump valued each of the four holdings at “over $50 million” on the disclosure, the highest amount that candidates can assign an asset. Candidates disclose some types of income, including dividends, capital gains and royalties, in broad ranges. Other types, like salaries and speaking fees, must be reported in exact sums.

The former president’s holdings in Trump Media & Technology Group, worth $2.7 billion and accounting for more than half of his $5.3 billion net worth, according to the Bloomberg Billionaires Index, were also listed as more than $50 million on the disclosure. Trump reported that he owns 114.8 million shares, 64.9% of those issued.

Trump also disclosed that the shares are subject to a “lock-up period,” preventing him from selling them. It’s set to expire in September. The company had $5.3 million in business income and earned about $563,000 in advertising.

https://www.bnnbloomberg.ca/business/company-news/2024/08/16/trump-reveals-513-million-from-golf-clubs-and-resorts/