Donald Trump's Florida Golf Dominance: A Jewel Amid Legal and Financial Turmoil
Donald J. Trump's golf business, primarily in Florida, is revitalizing his family enterprise, once New York-centric, amid significant legal and financial challenges. The Trump Organization's shift to Florida highlights a robust cash flow from golf-related ventures and strategic property expansions, even as it grapples with substantial court judgments and real estate market fluctuations.
Donald J. Trump's Florida golf club in Jupiter is a new focus of his family's business, previously centered in New York. Lavish villas surround the 18-hole course, reflecting the Trump Organization's recent shift towards Florida's southeast coast, where its golf and resort properties now generate the majority of their revenue.
A decade ago, Trump's golf courses were financially draining the company, but today, they bring in about $80 million in cash after expenses, making up four-fifths of the company's cash flow. The golf business now stands as the biggest revenue driver of the Trump Organization, with annual revenues surpassing $600 million.
This financial outlook, amidst Trump's 2024 presidential race, faces legal pressures, such as a $530 million judgment and a weak New York real estate market. If Trump loses the race, future cash flow and asset management will be precarious, casting a shadow over the Trump Organization's sustainability.
(With inputs from agencies.)
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