Business

Trump made tens of millions from his Miami and Palm Beach properties. Here’s how

President Donald Trump’s income from his South Florida holdings have soared since he returned to the White House, a Miami Herald review of his latest financial disclosure shows.

The four properties — Mar-a-Lago resort, the Trump National Hotel in Doral and his golf clubs in Jupiter and West Palm Beach — brought him roughly $265 million last year. That figure is a little more than a tenth of the president’s total income of more than $2 billion in 2025, the first year of his second term.

Trump has visited Mar-a-Lago and his hotel in Doral several times in the past year, hosting lavish parties attended by industry titans and foreign dignitaries. The Republican Party and political groups have also booked numerous events there, highlighting the confluence of wealth and power as Trump reshapes the GOP.

READ: Donald Trump’s complete financial disclosure statement

Trump’s hotel in Doral brought him $121 million and his golf club in Jupiter, $31 million.

The biggest jump in earnings from his South Florida properties was at Mar-a-Lago, which Trump has declared as his own private residence and whose membership initiation fee Trump had raised to $1 million shortly before he was re-elected.

Trump’s earnings from the Palm Beach resort ranged from roughly $21 million to $25 million in his first term as president. That figure tripled to more than $75 million last year.

The Trump National Golf Course in West Palm Beach also saw a similar rate of increase from roughly $12 million a year in the four years Trump was in office from 2017 to 2021 to nearly $37 million last year.

Republican political committees and candidates had spent an average of $500,000 a year for events at Mar-a-Lago and Trump Doral in the president’s first term. That number has jumped since Trump won re-election in 2024 and tightened his grip over the party.

GOP-aligned politicians and groups spent more than $1.1 million in 2025 and $990,000 so far in 2026 at the two South Florida properties, a Herald analysis of political expenses found. These figures are only those that are required to be reported to the Federal Election Commission. The real number is likely higher.

Trump’s real estate holdings had led Democrats to investigate him for improperly financially benefiting from his office. This year, however, the focus is on his investments in cryptocurrency and other related ventures that have powered an increase of his income by nearly four times since 2024.

SUFFERN, NEW YORK - MAY 22: U.S. President Donald Trump dances on stage after delivering remarks during a campaign and economic policy event in the Eugene Levy Fieldhouse at SUNY Rockland Community College on May 22, 2026 in Suffern, New York. (Photo by Roberto Schmidt/Getty Images)
President Donald Trump dances on stage after delivering remarks during a campaign and economic policy event in the Eugene Levy Fieldhouse at SUNY Rockland Community College on May 22, 2026 in Suffern, New York. Roberto Schmidt Getty Images

Sen. Elizabeth Warren, a Democrat from Massachusetts and a frequent critic of Trump’s policies, called for legislation last week that would prevent political officials and their families from profiting off crypto ventures.

Trump has denied any wrongdoing or conflicts of interest.

“You know why I’m profiting? Because the stock market’s going up. Everybody’s profiting,” Trump told reporters last week. “I never speak to any of the people that run the money.”

This story was originally published July 7, 2026 at 12:26 PM with the headline "Trump made tens of millions from his Miami and Palm Beach properties. Here’s how."

Shirsho Dasgupta
Miami Herald
Shirsho Dasgupta combines traditional reporting with data analysis to produce high-impact stories and accountability journalism. A two-time Livingston Award finalist, he also won a Sigma Delta Chi Award in 2025 and was named finalist for the Scripps Howard Award in 2024. His stories have spurred investigations, influenced legislation and received numerous awards and citations from the National Press Foundation, Investigative Reporters and Editors, the Society for Advancing Business Editing and Writing and others.