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Trump's Businesses Raked In $1.9 Billion Of Revenue During His First Three Years In Office
https://www.forbes.com/sites/danalexander/2020/09/11/trumps-businesses-raked-in-19-billion-of-revenue-during-his-first-three-years-in-office/#3c402fe51e13An adaptation from White House, Inc: How Donald Trump Turned the Presidency into a Business by Dan Alexander.
Donald Trump never really got out of business. Sure, he handed day-to-day management of his companies to his children, like a lot of tycoons who get preoccupied with other interests late in life. But the president held onto ownership of his assets after taking office, ensuring that he would continue to generate money while serving in the White House. From 2017 to 2019, the president’s businesses raked in an estimated $1.9 billion of revenue.
It’s a significant sum, no matter how you look at it. Documents from various sources—including private lenders, local governments, federal officials and overseas regulators—help show where the money comes from and roughly how much of it turns into profit. An analysis that relies on those documents and conversations with industry experts, broken down for the first time in the forthcoming book White House, Inc., provides an unprecedented look at the president’s finances, which he has worked so hard to shield from public scrutiny.
Trump’s golf course and club portfolio produced the biggest chunk of revenue, some $753 million in three years. The Trump National Doral golf resort in Miami, Florida led the way, bringing in $228 million of revenue from 2017 to 2019, about three-quarters of the total from the 10 other golf courses Trump owns in the United States. In Europe, another golf resort named Trump Turnberry generated $70 million. Holdings in Doonbeg, Ireland and Aberdeenshire, Scotland added $53 million, while Mar-a-Lago took in $69 million. . . .
Donald Trump never really got out of business. Sure, he handed day-to-day management of his companies to his children, like a lot of tycoons who get preoccupied with other interests late in life. But the president held onto ownership of his assets after taking office, ensuring that he would continue to generate money while serving in the White House. From 2017 to 2019, the president’s businesses raked in an estimated $1.9 billion of revenue.
It’s a significant sum, no matter how you look at it. Documents from various sources—including private lenders, local governments, federal officials and overseas regulators—help show where the money comes from and roughly how much of it turns into profit. An analysis that relies on those documents and conversations with industry experts, broken down for the first time in the forthcoming book White House, Inc., provides an unprecedented look at the president’s finances, which he has worked so hard to shield from public scrutiny.
Trump’s golf course and club portfolio produced the biggest chunk of revenue, some $753 million in three years. The Trump National Doral golf resort in Miami, Florida led the way, bringing in $228 million of revenue from 2017 to 2019, about three-quarters of the total from the 10 other golf courses Trump owns in the United States. In Europe, another golf resort named Trump Turnberry generated $70 million. Holdings in Doonbeg, Ireland and Aberdeenshire, Scotland added $53 million, while Mar-a-Lago took in $69 million. . . .
IntereSTINK charts at link.... https://www.forbes.com/sites/danalexander/2020/09/11/trumps-businesses-raked-in-19-billion-of-revenue-during-his-first-three-years-in-office/#3c402fe51e13
