Donald Trump’s golf course located in Doonbeg, Ireland has never been very profitable, despite being the heart of his financial operations (along with two similar locations in Scotland). Reports show that 2020 was a particularly hard year for this property due to COVID-19, with losses reaching over $4 million. This is most likely indicative of how his other businesses are faring as well because with most of his money tied up in hotels, resorts and other hospitality, he took a huge hit during the travel bans caused by the pandemic.
While Trump considers himself an expert businessman, and has many books in his name on the topic, it is no secret that many of his ventures end in bankruptcy, sell at a huge loss, or just keep hanging on despite lack of profit. His three overseas golf courses fall into the last of those categories, and a big chunk of what he does make comes out of American taxpayer pockets when his family members or colleagues utilize the hotels abroad.
During his time as president, Trump’s children stayed at his Doonbeg resort several times, as well as then Vice President Mike Pence during a diplomatic trip. While Americans paid to fund their stay as well as Secret Service details, Trump directly benefitted and profited off those vacations. Despite this, the money he made was not quite enough to actually turn a profit after all the expensive renovations he did after first buying the property in 2014.
Remember when, on his European trip, Vice President Pence spent $600K in transportation fees to stay at Trump's Doonbeg resort in Ireland when other accommodations were more convenient and far less costly? And it was all taxpayer money.https://t.co/3PR73VbRaK
— Lawrence Campbell (@HalfwitsEnd) November 26, 2021
Since Trump’s initial purchase, it is estimated that he has invested about $46 million dollars into the hotel. He has not yet come close to actually making the same amount, either over all or even year to year. This is in spite of the fact that the three foreign properties he has have become essential to the business and financial side of the Trump organization.
Losses more than double at Trump's Doonbeg resort https://t.co/s86SV22pql
— Irish Examiner Business (@ExaminerBiz) November 30, 2021
The opinions expressed by contributors and/or content partners are their own and do not necessarily reflect the views of LeftScoop.news. Contact us for guidelines on submitting your own commentary.
Join the Discussion
COMMENTS POLICY: We have no tolerance for messages of violence, racism, vulgarity, obscenity or other such discourteous behavior. Thank you for contributing to a respectful and useful online dialogue.