Search Here

Donald Trump's golf resorts in Florida are proving to be a huge financial help to the former US president during tough times.

Currently, the New York State Attorney General made a public brief that Trump Organization is dealing with over $530 million in court judgments and interest, following a filed fraud case against Donald Trump. This, alongside other legal challenges has put further pressure on Trump's business empire.

Now, according to Reuters, while his other businesses are struggling, his Florida golf courses are now the main way he earns money as they bring in around $80 million each year.

In return, the Trump Organization has shifted its focus to Florida's southeast coast, where its golf and resort properties are thriving. Insurance Journal learned that this major change has transformed what was once a struggling part of the business into a major revenue driver.

A decade ago, before Trump's first presidential campaign, his golf courses and resorts were financial drains. However, they now contribute about 80% of the company's cash flow.

Trump's Successful Florida Golf Resorts

In detail, the Mar-a-Lago Club in Palm Beach alone is expected to generate an estimated $24 million in cash this year. Other nearby golf clubs, such as Trump National Doral in Miami, and smaller clubs in Jupiter and West Palm Beach, are also performing well, with projected revenues of $10.5 million, $8.4 million, and $10.4 million, respectively.

Earlier this year, the Wall Street Journal reported that should the success continue, Trump could earn up to $323 million (tax-deducted) from these resorts.

The Trump Organization is even planning new developments, such as nearly 1,500 residential units at the Trump National Doral and high-end condominiums in Miami area.

Tags

Donald Trump