A Year Into the Presidency, Trump's Golf Empire Is Far From a Hole-in-One
There's no doubt Donald Trump's golf courses and clubs are a significant source of revenue - Trump Golf owns or operates a dozen golf courses in the U.S. and four overseas.
The June 2017 filing for golf courses and clubs shows $322.7 million in revenues for the proceeding 18 month period. But that total is $12.2 million south from the previous reporting period.
Decreasing revenues is the norm for the golf industry right now.
However, from what he's lost with the rest of the industry, he's made up in larger initiation fees and GOP events being held at the courses, as well as people joining to gain access to the president.
Even the U.S. Secret Service has chipped in towards Trump Golf's coffers. USA Today reports they have contributed almost $138,000 by renting golf carts at facilities in Florida and New Jersey during President Trump's visits.
But more charitable organizations like the Red Cross have cancelled events in the wake of Charlottesville and the like. In all, almost 20 events at Mar a Lago were cancelled according to reporting by the Washington Post.
At the end of the day, there is no doubt that Trump's golf business has been impacted by his new job and that politics now play some role in Trump Golf's bottom line.
Read the full article here:Trump's Scottish Golf Courses Posting Red Numbers as Politics Intrude
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Editors' Pick: Originally published on Nov. 7, 2017.
This article was written by a staff member of TheStreet.
