Former U.S. President Donald Trump¡¯s golf club in Jupiter, Florida, where multi-million-dollar villas flank the greens of an 18-hole course, reflects the new geography of his family business.
Long based in New York, the Trump Organization has recently gravitated to Florida¡¯s southeast coast, where its golf and resort properties now pay the bills.
A decade ago, before Trump ran for president for the first time as a Republican in 2016, his golf courses and resorts were a drain on the company¡¯s cash flow, which mostly came from real estate, according to a Reuters analysis of court and tax records and other financial disclosures.
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