Elections

Donald Trump reports nearly $50 million in income from Doral golf resort

Donald Trump tees off at the Red Tiger golf course at Trump National Doral in January, with Miss Universe contestants standing behind him.
Donald Trump tees off at the Red Tiger golf course at Trump National Doral in January, with Miss Universe contestants standing behind him. MIAMI HERALD STAFF

The man whose reality-TV show theme song boasts “Money, money, money, money — money!” has made a bundle. And nowhere did Donald Trump rake in more cash in the past year than — where else? — his gilded Miami-area golf resort.

The 800-acre Trump National Doral, home to four golf courses, including the famous Blue Monster, brought The Donald a handsome $49,444,432 in 2014, according to a 92-page financial disclosure form he filed with the Federal Election Commission, which made the document public Wednesday.

Read Donald Trump's FEC disclosure form here

The golf resort generated the most revenue among his more than 150 listed income sources. He also claimed positions in more than 500 companies. His campaign said Trump had revenues of $362 million last year.

According to several national polls, Trump is the leading 2016 Republican presidential candidate. According to a statement from his campaign, Trump is also a caps-lock enthusiast worth “TEN BILLION DOLLARS.”

The disclosure form, which Trump filed last week, doesn’t actually prove if that figure is correct, since it requires candidates to list most assets, incomes and liabilities in ranges, including “over $50 million.” But it provides a window into Trump’s business empire — and reaffirms that Trump is, in fact, for real, not kidding, running for president.

“First people said I would never run, and I did. Then, they said I would never file my statement of candidacy with the FEC, and I did. Next, they said I would never file my personal financial disclosure forms,” Trump said in the statement issued with his filing last week. “Now I have surged in the polls and am fighting to Make America Great Again,” he added, capitalizing his campaign slogan.

Trump National Doral is one of 23 assets Trump valued at “over $50,000 million.” Others include his Mar-a-Lago resort in West Palm Beach (which brought in $15.6 million in revenue) and the Trump National Golf Club in Jupiter ($12.4 million).

Trump disclosed two mortgages for Trump National Doral, one listed at more than $50 million and the other for at least $5 million, both incurred in 2011, the year he declared his intention to buy the property. He listed revenue of $3.4 million from Miss Universe, the beauty pageant he co-owns that was held earlier this year at Florida International University. Doral-based Univision dropped the show after Trump referred to some Mexican immigrants as rapists.

Since July 2011, he has drawn a $110,228 pension from the Screen Actors Guild. His listed salary in 2014 for the reality show The Apprentice was $14,222. Three of his speaking engagements paid him $450,000 each.

Trump’s naysayers had insisted, or perhaps hoped, that he wouldn’t last in the race long enough to reveal his finances. He didn’t have to do so just yet, but Fox News, which is hosting the first GOP presidential debate Aug. 6, has made the disclosure a requirement for candidates’ participation. Of Miami’s two contenders, U.S. Sen. Marco Rubio has already filed, and former Gov. Jeb Bush has not.

Republican candidates at risk of being left out of the debate due to their low poll numbers have tried to use Trump’s oxygen-sucking celebrity to their advantage. When Trump divulged South Carolina Sen. Lindsey Graham’s personal phone number Tuesday after Graham referred to Trump in an interview as a “jackass,” Graham gamely participated in a web video showing ways to destroy a cell phone.

Former Texas Gov. Rick Perry delivered a speech Wednesday defending Hispanic immigrants and Arizona Sen. John McCain, both recent Trump targets, and titled it, “Defending Conservatism Against the Cancer of Trump-ism.”

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