And he lost money due to the pandemic….
I wonder if he paid at least a nickel in taxes on this money?
If not for the pandemic, there would have been even more. Trump’s business was hauling in about $650 million annually during the first three years of his presidency. But in 2020, revenues plunged to an estimated $450 million as Covid infected the business. “It’s hurting me, and it’s hurting Hilton, and it’s hurting all of the great hotel chains all over the world,” Trump said in a March 2020 press conference at the White House. “It’s hurting everybody. I mean, there are very few businesses that are doing well now.”
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….
Not an accurate headline
The Forbes headline….
Trump’s Business Hauled In $2.4 Billion During Four Years He Served As President
He personally pocketed all the money? There are no other salaries to pay or other expenses? Interesting.
CG?
Why are U surprised?
The guy IS ‘One Way’….
ALWAYS has been ….
ALWAYS WILL be….
Remember….
His organization IS under indictment
CG is right. There is a difference between profit and revenue. Sorry you don’t understand or got confused. If you don’t understand what someone is saying, it might be best for you not to comment.
Yeah this is really a terribly misleading headline that takes away from the fact that Trump never divested himself from his businesses as he promised and the vast majority of Republicans never cared that he client.
Never cared that he didn’t (divest himself)
OK guys?
My headline reflects the linked headline….
Donald J. Trump ‘made’ ALL that money….
He ‘lost’ what he SHOULD have made more if he kept up at the same pace….
Someone point out to me the mention of profit in the linked piece….
The never divested thing was thrown in ….
The piece is NOT about THAT…
I threw in the no taxes part…
James,
there is a part in the piece that says that hotels are usually a 20 profit margin, so if his total revenues in his hotel business was X dollars he only made 20 % in profits, the rest were for operations, etc…
The problem is the language…when you made money you think in profits not revenue…You can have revenue of 10 billion and still be in debt, so you ain’t make shit…
Ok….
One hotel
The courts have let him keep his busineses private
So ALL This educated guesses…
BEST GUESS?
The guy LOST Money
Losing money is NOT usually means u ain’t making a profit….
We can only go on guesses reported in the media
And we forgot ALL the damn money the guy owes!
Most businesses borrow to carry them over the uneven cash flow they get
I wonder how many will lend Trump with his organization under criminal charges???
You are saying all this and you still see no issues with your headline?
There’s more than one issue with it by the way.