Donald Trump raises prices on golf courses as financial health worsens

Donald Trump has made more than half a billion dollars from his golf clubs and resorts around the world in the past 16 months, according to his newly released financial disclosure. These clubs include Doral, Mar-a-Lago, and Bedminster in the United States, and Turnberry in Scotland—which recently emerged as the world’s most expensive golf course after the Association of Trump has decided to raise prices.

While these are big profits, the former president faces more than 100 million in debts in three cases he lost in New York, the 265-page document revealed – an amount that makes his financial situation be lighter and more during his media. The company loses frequently.

The document is the first analysis of the former president’s financial situation ahead of the November election.

Golf has been a central part of Trump’s personality during his political career, and the former president seems to have a genuine love for the sport as he is regularly photographed on the course. But golf isn’t just a passion for the Republican candidate — it’s a significant part of his fortune.

According to his latest financial statement, released last week, the former president made $513 million from his US clubs and resorts. Trump’s biggest source of income in the 16 months from January 2023 was a Miami-based company that owns golf courses and a resort.

Palm Beach’s Mar-a-Lago resort, which has a 27-hole golf course, generated $56.9 million during the same period, while the Bedminster complex in New Jersey generated $37 million. .The three images are described in the financial announcement as being worth more than “$50 million,” the highest amount that candidates can raise.

Trump’s golf club in Jupiter, Florida, received $31 million between January 2023 and July 2024, while his Scottish course, Turnberry, received $26 million—the equivalent of $33.5 million. The Turnberry golf course recently came under fire after the Trump Organization announced it would raise fees for players starting next year.

While the green fee for a round of the Ailsa Course was £176 ($228) at any given time, the Trump Organization plans to raise green fees for non-residents to £1,000 ($1,296) before 1 pm in 2025, and £545. ($706) after that time.

According to the Trump Organization, the price increase is intended to protect the tee times for members and residents of the hotel.

“We were finding that a lot of people were booking tee times during peak times of the year but they just came to play golf and left,” Turnberry general manager Nic Oldham told Bunkered.

“In many cases, people chose to play at Ailsa but stayed somewhere else nearby. That meant our hotel guests could stay at the hotel but could not get access. training,” he added. “By blocking these peak times, we are able to provide more gaming opportunities to our best customers.”

Some 2025 news on the green bill.

18 holes on the Ailsa course at Turnberry will cost £1,000 a person for non-residents before 1pm. After 1pm, £545.

In 2013, the year before Trump took office, it was £176 at any given time.

I think this is right in line with what is suggested in Carnoustie…

1/2 pic.twitter.com/wj7ChYfLYa

– UK Golf Guy (@ukgolfguy) August 11, 2024

The price increase will make Turnberry the most expensive golf course in the world. For Trump, that could mean even bigger profits — though Oldham said he expects people to appreciate the convenience of staying at a hotel. Currently the most expensive golf course in the world is Las Vegas’ Shadow Creek, which pays $1,250.

Trump also recently promoted the membership of Mar-a-Lago. There were four places to join the class this year at a price of $1 million each – 43 percent more than the current price of $700,000. In 2016, the membership fee was $100,000. Applications will open in October, for those interested and those with deep pockets.

But while Trump’s golf clubs and resorts are proving to be more profitable, the former president’s company, Trump Media, is sinking its bottom line as parts of Truth Social have repeatedly jumped on the bandwagon. this year, cost him millions of losses.

On Monday, Trump Media stock fell 5 percent to less than $25 a share—the lowest closing price since April 16. The drop cost Trump $170 million.