Trump's Florida Golf Resorts Drive Organization's Revenue
Trump's Florida Golf Resorts Drive Organization's Revenue

Trump's Florida Golf Resorts Drive Organization's Revenue

News summary

Donald Trump's golf resorts in Florida have transformed into the Trump Organization's primary income source, generating approximately $80 million annually after expenses, a significant shift from a decade ago when they were a financial burden. These properties now account for about 80% of the company's cash flow, with annual revenues exceeding $600 million, as Trump prepares for the 2024 presidential election. The organization, however, faces over $530 million in court judgments and a struggling New York real estate market that adds pressure to its financial health. Despite the positive performance of the golf business, the situation remains precarious, particularly if Trump loses the election. Eric Trump claims the organization is stronger than ever, but the future cash flow and asset management could be uncertain due to ongoing legal challenges. Trump's wealth is primarily tied to his physical properties, with the Mar-a-Lago Club being a standout asset amidst these changes.

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