Income from Donald Trump’s LA golf course fell $7M last year

The president's lone LA venture brought in $20 million

May.May 18, 2018 03:29 PM
Trump National Golf Club Los Angeles, with Donald Trump (via Wikimedia Commons)

President Donald Trump’s lone Los Angeles County property brought in $20 million in income last year, according to his annual financial disclosure released this week.

While Trump owns a home in Beverly Hills, his Trump Organization owns one commercial venture in L.A.: the 250-acre Trump National Golf Club Los Angeles and the adjoining Estates at Trump National luxury development in Rancho Palos Verdes.

The golf club earned $7 million less than it earned in 2016 and 2015.

RPV Development LLC, Trump’s wholly owned entity that legally owns the golf course and housing development, brought in roughly $11.6 million in “golf-related revenue” and another $9.3 million from “land sales,” in 2017, according to the disclosure.

The property is worth “over $50 million” and its assets include unsold lots, according to the disclosure form.

Trump’s top-earning property nationwide is the Trump National Doral Golf Course in Miami, which took in $74.7 million last year.

Trump also took in around $100 million in total from his New York properties, but the disclosure form doesn’t suggest any one property topped $10 million in income.

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