Elections

Miami-area golf resort brings Donald Trump more money than any other business

Donald Trump delivers a speech during his first presidential campaign rally in Florida at the Trump National Doral resort in October.
Donald Trump delivers a speech during his first presidential campaign rally in Florida at the Trump National Doral resort in October. adiaz@miamiherald.com

Every time a golfer thwacks a ball on the courses of Donald Trump’s Miami-area resort, the presumptive Republican presidential nominee hears ka-ching.

Trump National Doral brought in more revenue for the celebrity businessman in the past 17 months than any of his nearly 150 other businesses: $131,892,107, to be exact, according to a personal financial disclosure form Trump filed Monday that the Federal Election Commission made public Wednesday. That’s more than twice as much income as the $49,444,432 Trump reported last July he had received from the property in the previous year.

Since then, despite some of Trump’s outlandish comments from the stump, his overall business revenue has grown, his campaign said. Among other things, Trump sold the Miss Universe pageant for $49,286,309. Univision, the Doral-based Spanish-language TV giant, dropped the show — held last year at Florida International University — after Trump called some Mexican immigrants “rapists.”

The campaign said Trump’s revenue grew by about $190 million, to more than $557 million — and that his net worth is “in excess of $10 billion dollars.” In its statement, the campaign said the additional income was used “among other things, for the funding of construction projects at various multi-million dollar developments, reduction of debt and the funding of the campaign.”

It’s impossible to verify Trump’s net worth from the 104-page disclosure form, which requires the disclosure of most assets, incomes and liabilities in ranges, not exact amounts.

Trump has refused to release his tax returns, as every Republican nominee since 1980 has done, citing an IRS audit — though the IRS has said audits don’t preclude individuals from making their returns public.

Trump’s 2015 filing last year marked a pivotal point because it showed he was serious about his candidacy. Skeptics had argued a man as wealthy as Trump wouldn’t want to make even just a portion of his finances public.

This year, Trump bragged he filed without requiring an extension, unlike Vermont Sen. Bernie Sanders. It was an odd boast, given that Sanders has virtually no chance to nab the Democratic nomination from former Secretary of State Hillary Clinton.

“This is the difference between a businessman and all the talk, no action politicians that have failed the American people for far too long,” Trump said, calling Sanders’ not-yet-filed report “small.”

In his latest filing, Trump listed positions in 564 companies and valued 24 assets at “over $50,000 million,” including Trump National Doral; his Mar-a-Lago resort in Palm Beach, where Trump has held several Election Night celebrations; and Trump National Golf Club in Jupiter. Mar-a-Lago brought in $29.8 million in resort revenues, and Jupiter $17.9 million.

Trump continues to hold two mortgages for the Doral resort, one for more than $50 million and the other for at least $5 million. They were incurred in 2011, the year Trump said he planned to buy the property.

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