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….