President Donald Trump continues to rake in millions from his golf and branding empire while in office – although income has slumped a bit at Mar-a-Lago, which relies on $200,000 membership fees as well as event bookings.
Trump earned $23 million last year at the club, which got some unwelcome attention during the arrest of a Chinese national who was carrying four cell phones and who was able to penetrate the grounds without an official invite.
The drop year-over-year was about $3 million.
President Trump’s Mar-a-Lago hotel brought in $23 million last year, a decrease of $3 million from the year before
The club earned $30 million in 2016 – when Trump was already bringing attention to the ritzy historic club in West Palm Beach through his visits as a candidate. The club has seen a drop-off in bookings since Trump was elected president, hitting its bottom line.
To help fill the gap, it has taken on new clients, including the Safari Night, which was attended by Trump’s sister, Elizabeth Trump Grau, along with Chinese nationals who were received solicitations in their home country about the event.
Yujing Zhang has been charged with making a false statement while gaining entrance to the club for what she said was a ‘United Nations Friendship Event’ for the U.S. and China at the club.
Trump has regularly jetted to Mar-a-Lago and his other properties as president
President Donald Trump and Chinese President Xi Jinping pause for photographs at Mar-a-Lago, Friday, April 7, 2017, in Palm Beach, Fla.
Trump banked $16 million at his Bedminster, New Jersey golf club, where he also golfs during the summer months, and where he ironed out his transition to the White House. Trump decided to maintain ownership of his empire, while handing over control of the Trump Organization to sons Donald Jr and Eric Trump, as well as an executive.
Trump has declined to accept a salary as president, while continuing to generate millions in income from his businesses.
Another key income earning asset is the luxury hotel in the Old Post Office building on Pennsylvania Ave. near the White House. It is a subject of an emoluments lawsuit put forward by states and backed by Democrats.
The government has spent millions protecting Trump while he is at Mar-a-Lago, accompanied by family and staff
Trump National Golf Club, outside Washington D.C. Trump also golfs frequently at his Virginia course, which made $13 million
Trump’s Washington, DC hotel continues to earn him millions while in office. It is the subject of an ‘Emoluments Clause’ lawsuit, which argues foreigners could use purchases to try to influence the president
The New York Times reported, based on tax information, that Trump lost more than $1 billion over a decade amid bankruptcy and financial turmoil during the 1980s and 1990s
Trump earned $41 million at the club, about $400,000 less than the prior year.
Democrats and activists charge the hotel allows foreign governments to pad Trump’s bottom line through rentals. The Trump organization cuts a check to the Treasury each year for the amount it determines comes directly from foreign governments.
In total, Trump earned at least $479 million in 2018, according to CNN’s arithmetic. News of Trump’s 2018 pay day comes just weeks after the New York Times reported, based on tax information, that Trump lost more than $1 billion over a decade amid bankruptcy and financial turmoil during the 1980s and 1990s.
Trump has been tussling with Democrats in Congress, who are demanding the IRS release his tax returns based on an existing law that allows certain committee chairs to see any return. House Democrats have subpoenaed six years of returns for Trump and related business entities.
Treasury Secretary Steven Mnuchin has refused. Trump is the first president or major party candidate in decades not to release his returns voluntarily.
Income held steady year-over year at Trump’s Doral golf club in Florida, as well as his Trump Doonbeg golf course in Ireland.
However his Turnberry golf course in Scotland raked in $23 million, compared to $20 million the year before.
Trump also golfs frequently at his Virginia course, which made $13 million.
Income was flat at his Doral golf course in Florida, bringing in around $5 million. There was a slight dropoff in the Wollman ice rink in Manhattan – a regular feature of Trump’s 2016 campaign stump speeches.
He earned $8 million off the rink last year, compared to $9 million the year before.