A golf bag with "Trump 2024" on it was spotted at Trump National Golf Club in Bedminster, New Jersey, on August 15. The photo was taken by Bing Guan for Bloomberg.
Former U.S. President Donald Trump's latest financial disclosure reveals that he earned a whopping $513 million from his golf courses, resorts, and other properties. The disclosure, spanning 265 pages, offers a glimpse into Trump's extensive real estate portfolio, including well-known properties like the Mar-a-Lago estate in Florida, the Doral resort in Miami, and the Bedminster golf club in New Jersey.
One of Trump's most profitable ventures is a Miami-based company managing golf courses and a resort, which brought in $161 million over 16 months starting in January 2023. The Mar-a-Lago property, famous for hosting various high-profile events, generated $57 million during the same timeframe. Additionally, Trump Ruffin Tower, located near Las Vegas, earned $28 million from condominium sales and hotel operations. His Bedminster club in New Jersey contributed $37 million to his income.
These figures were part of Trump's financial report submitted as part of his 2024 presidential campaign. Each of the four mentioned properties was valued at over $50 million—the maximum value candidates can declare for any asset. While income from dividends, capital gains, and royalties was disclosed in broad ranges, salaries and speaking fees had to be reported in exact amounts.
The financial disclosure also shed light on Trump's involvement in Trump Media & Technology Group, the parent company of Truth Social, his social media platform. Trump's stake in the company is reportedly worth $2.7 billion, making up more than half of his $5.3 billion net worth. He owns approximately 114.8 million shares, accounting for 64.9% of the company. However, these shares are currently under a "lock-up period," meaning Trump cannot sell them until the restriction expires in September 2024. The company earned $5.3 million in business income, including $563,000 from advertising.
Trump's ventures into digital assets were also highlighted in the disclosure. His company, CIC Digital LLC, earned $7.2 million by licensing his image for non-fungible tokens (NFTs) and holds a cryptocurrency wallet with at least $1 million in Ethereum. Trump has actively engaged with leaders in the crypto industry, particularly those critical of the Biden administration.
In addition to his real estate and media ventures, Trump made $5.3 million from book sales, including $300,000 from endorsing the Greenwood Bible through LMA Productions.
However, Trump’s financial disclosure also revealed substantial liabilities, including over $50 million in debt related to legal battles. He listed a dozen outstanding liabilities, including two incurred in 2024, each exceeding $50 million. One significant debt is tied to a civil fraud case brought against him by the New York attorney general. To postpone a $454 million judgment while appealing the case, Trump secured a $175.3 million bond from Knight Specialty Insurance Co. in April 2024.
Another notable liability is the over $50 million debt to writer E. Jean Carroll, who won an $83 million defamation lawsuit against Trump. He is currently appealing this ruling as well.
Despite facing mounting legal fees, which he funds through his political action committee, Trump's businesses continue to generate substantial income. Instead of using his wealth to finance his campaign, he relies on his fundraising abilities. Since launching his third presidential bid, Trump has raised approximately $635 million, significantly less than the $1 billion raised by President Joe Biden and Vice President Kamala Harris.
