Profits At Mar-a-Lago Have Quadrupled Since Trump Left The White House
Forbes Daily Briefing
Forbes
4.4 • 18 Ratings
🗓️ 29 August 2024
⏱️ 4 minutes
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Summary
With Covid in the past and another election on the horizon, Trump’s Palm Beach club is making money like never before.
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Transcript
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| 0:00.0 | Here's your Forbes Daily Briefing for Thursday, August 29th. |
| 0:05.0 | Today on Forbes, profits at Maralago have quadrupled since Trump left the White House. |
| 0:12.0 | When a member of Donald Trump's |
| 0:16.0 | when a member of Donald Trump's exclusive Maralago invited Joni Bryan's nonprofit to hold its annual gala |
| 0:20.0 | at the Palm Beach Club in 2021, |
| 0:22.0 | Brian jumped at the Palm Beach Club in 2021, Brian jumped at the chance. |
| 0:25.0 | The executive director and founder of the 917 Society, |
| 0:29.0 | which aims to educate students about the U.S. Constitution, |
| 0:32.0 | thought it would be a great way to raise awareness about her small grassroots group and gain higher profile support. |
| 0:39.0 | While Brian won't disclose how much the 917 society paid the former president to host the event. |
| 0:45.3 | It went well enough that the Nashville-based group has returned two more times in the past three years. |
| 0:52.0 | In 2024, the nonprofit sold around 225 tickets at 1,250 dollars a piece, bringing |
| 0:59.2 | in about $280,000, which she says covered all costs and added a little cash to its coffers. |
| 1:06.5 | Brian says, quote, it's expensive there, sure, but not much more than Nashville. She notes that people are more than willing to pay extra for the chance to go to Trump's historic club. |
| 1:17.0 | She adds, quote, |
| 1:19.0 | It's not something you can just do every day. |
| 1:21.0 | You really get the value value and it raises awareness. |
| 1:25.0 | It also provides Donald Trump with a lot of money. |
| 1:28.0 | The former president bought Maralago for $10 million in 1985. |
| 1:33.9 | The 18 acre property, which stretches from Palm Beach's oceanfront on the east side of the |
| 1:38.2 | island to the lake on its west side, turned out to be one of his best real estate investments, now worth an |
| 1:44.5 | estimated $325 million. Trump's family boasted that it was worth more than |
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