The biggest portion of Trump’s revenue flowed through his clubs and golf properties, which generated approximately $940 million over four years. Trump National Doral, the golf resort in Miami, contributed roughly $270 million to that total. Mar-a-Lago, Trump’s club in Palm Beach, brought in about $90 million. A New Jersey golf club, where the former president has been spending time this summer, took in $60 million or so. Those top-line figures didn’t all end up in Trump’s pocket, however. Golf clubs and resorts are expensive to manage, with operating profit margins running at 20% in good times. During the pandemic, Trump’s traditional courses fared reasonably well, but his golf resorts had to contend with long shutdowns, causing his overall golf and club revenues to drop 27% to an estimated $190 million in 2020.
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