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 most expensive golf course in the world after the Trump Organization raised prices.
Although these are huge gains, the former president faces more than $100 million in obligations arising from three civil suits he lost in New York, the 265-page document, a sum that makes his monetary scenario a little more fragile at a time when its corporate media is suffering common losses.
The document is the first look at the former president’s monetary policy ahead of the November election.
Golf has been a central component of Trump’s public persona during his political career, and it turns out that 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 nominee — it’s 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 Bedminster, New Jersey, club generated $37 million. The three holdings are described in the monetary statement as being valued at “more than $50 million,” the amount applicants can indicate.
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. 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 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 CEO Nic Oldham told Bunkered.
“In many cases, other people choose to play in Ailsa but stay somewhere else nearby. This means that visitors to our hotel can stay in the hotel but not access the course,” he added. “By blocking out those peak hours, we’re going to 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 may mean even bigger gains; 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 costs $1,250.
Trump has also recently increased the number of Mar-a-Lago memberships. Four spots are available to join the prestigious club this year for $1 million each, up 43% from 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 noticed his net worth plummeting as Truth Social’s stock plummets 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 fall cost Trump $170 million.
Giulia Carbonaro is a Newsweek journalist based in London, United Kingdom. It focuses on American and European politics, global affairs, and housing. He has extensively covered the ups and downs of the U. S. housing market and provided an in-depth look at the ongoing war in Ukraine. Giulia joined Newsweek in 2022 from CGTN Europe and previously worked at the European Central Bank. He graduated from Nottingham Trent University. Languages: English, Italian, French.
You can contact Giulia by emailing g. carbonaro@newsweek. com.
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