How Much Has Trump Made From Mar-A-Lago? | Forbes

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Published 2022-08-11
Donald Trump has made a lot of investments over his career. One of the flashiest, his purchase of Mar-A-Lago, also turned out to be one of the best. Trump paid an estimated $10 million for it in 1985 and turned it into a moneymaking club, before a rising real estate market made it one of the most valuable homes in the world. Today, the crown jewel of Palm Beach is worth an estimated $350 million.

The property, which the former president said the Federal Bureau of Investigation raided on Monday, was historic long before Trump got involved with it. The cereal heiress Marjorie Merriweather Post built the estate from 1924 to 1927, incorporating details befitting the Roaring Twenties. Stones traveled from Genoa, Italy, via three ships. Silk-needlework panels came from an old palace in Venice. The living room rug hailed from a Spanish monastery.

In 1995, Trump turned the mansion into a private club. It operated that way for a couple of decades, hosting rich members and glitzy events. In 2015, Trump declared that he was running for president. His comments on the campaign trail turned off some customers, but others flocked to the place. In 2014, Mar-A-Lago generated an estimated $10 million a year of revenue. The year Trump announced his presidential run, sales jumped to an estimated $22 million. They continued to climb to an estimated $29 million the following year.

In a 2016 deposition, Trump fielded a question about how his campaign was impacting his business. “I could tell you one example where it has actually been very positive,” he said. “The manager told me recently. He said, ‘Boy, it is actually the best year we’ve ever had at Mar-a-Lago.’ And I was looking at the numbers. I said, ‘What do you attribute this to?’ He said, ‘The campaign.’”

Read the full story on Forbes: www.forbes.com/sites/danalexander/2022/08/09/how-m…

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All Comments (15)
  • @SoloMotivation
    Ideas are worthless unless we act on it 🤔🤔🤔🤔🤔
  • @drewh3224
    Those estimate values are the dreamer fluke!!
  • @NathalieLazo
    Whoever is reading this, I pray that whatever you’re growing through gets better and whatever you’re battling with makes your situation better as you’re continuing to be a better person each day. I have faith that you’ll turn out great as your circumstances will change. Have a fantastic day! You got this! 🤗💪🏼❤️
  • @cani006
    If it is $750M than donald should pay his fair share of the property taxes.
  • @ps3301
    It is making money. Hold onto it for as long as possible. Plus it is not a bad place to live.
  • @tuoms
    This tells us a lot about the United States' government
  • @zeekmx1970
    Forbes needs to keep its nose out of politics.
  • @tuoms
    I estimate it at $8.7 billion.
  • @judithrussmorris5310
    Despite the economic crisis, i keep on earning $30,000 returns from my $7,000 investment every 10 days
  • @lochan8180
    "And I saw the dead, small and great, standing before God, and books were opened. And another book was opened, which is the Book of Life. And the dead were judged according to their works, by the things which were written in the books. The sea gave up the dead who were in it, and Death and Hades delivered up the dead who were in them. And they were judged, each one according to his works.  Then Death and Hades were cast into the lake of fire. This is the second death. And anyone NOT FOUND written in the Book of Life was cast into the lake of fire." (REVELATION 20:12-15 NKJV) Today, while you are still alive and able, may you repent from your sins, believe in your heart and confess with your mouth that JESUS CHRIST is your Lord and Savior, so that through Him, your name will be written in the Book of Life. "For God so loved the world that He gave His only begotten Son, that whoever BELIEVES in Him  should not perish but have everlasting life. For God did not send His Son into the world to condemn the world, but that the world through Him might be saved." (JOHN 3:16-17 NKJV) By God's GRACE, the gift of Salvation and Eternal Life is available to all. You can RECEIVE it. You can REJECT it. May you choose wisely. ✝️⚖️