Overview
- The Office of Government Ethics filing released Tuesday shows President Trump reported about $394.8 million in golf- and hotel-related revenue for 2025 across his golf entities.
- Trump National Doral in Miami was the largest single source with roughly $121.9 million, followed by Bedminster ($37.6M), West Palm Beach ($36.9M), Jupiter ($31.6M), and Turnberry in Scotland (~$31.4M).
- Forbes and other outlets corroborated the scale of the disclosure and estimated the portfolio’s 2025 revenue rose about 12.5% from 2024, noting the reports show top-line revenue not expenses or net income.
- Trump kept ownership of the businesses after taking office and said he handed day-to-day management to family and executives while he attended major golf events, including the Ryder Cup and tournaments at his properties.
- The portfolio spans more than a dozen clubs with international affiliates and management-fee deals, a concentration that drives valuations and could intensify scrutiny over overlaps between official activity and private business benefits.