President Donald Trump’s wealth has soared since retaking office, with his two premier Florida resorts, Mar-a-Lago and Trump National Doral, delivering record-breaking surges in revenue. This surge in revenue highlights how Trump’s personal business and presidential politics overlap.
Mar-a-Lago Revenue Soars
Trump has visited the properties more than two dozen times since the beginning of last year, hosting million-dollar-per-plate fundraising dinners, feting foreign dignitaries, and welcoming GOP galas. The lavish resort is conducive to impromptu conversations with the president, who often dines on the patio at night.
Some ethics experts have described the confluence of politics and profit as a blatant opportunity for special interests to get a direct line to Trump. Trump has also supercharged the money coming from Mar-a-Lago by raising the membership initiation fee to $1 million shortly before his reelection.
Trump’s Personal Wealth
Trump’s personal wealth has ballooned in office unlike any other president, with the annual disclosure showing he significantly grew the income he received from his Florida properties. He took in nearly $77.5 million from Mar-a-Lago, more than 50% over what it earned him the previous year, and triple what he earned from the resort in 2020.
Trump also reported nearly $60 million in income from licensing deals with foreign real estate firms to use the Trump name for hotels, golf courses, towers, and other real estate developments in places such as Vietnam and India.
Original reporting: El Paso News (HLL/CB) — read the source article.
