Donald Trump earns crazy amounts of money from his residence!

This Monday, January 20, Donald Trump’s inauguration ceremony took place in Washington. If the American president has taken over the White House, he does not intend to forget Mar-a-Lago, his Florida residence. She also brings in millions of dollars each year, revealed the magazine Forbes.

He bought it in 1985 and turned it into a residence earning him millions of dollars each year. Mar-a-Lago was the refuge, in Palm Beach, Florida, of Donald Trump when he left office as president of the United States in 2021. This large 10-hectare estate includes a huge Spanish-style house. Moorish style built in the 1920s. Inside, the businessman, who ran into trouble with the law, chose a decoration in his image, between huge chandeliers, gold sinks and even rococo paintings. Donald Trump owns 100% of the property through two companies, but also a trust of which he is the sole beneficiary, the magazine revealed Forbes .

Maintaining the place is expensive throughout the year. This is why the billionaire created a private club, restaurants, but also ballrooms and conference rooms, which he rents. Thanks to these rentals, he rakes in millions of dollars, making the place a “cash machine”, as indicated The Point . In 2023, the estate brought in $40 million to its owner – while the fixed costs of the place such as taxes or maintenance are “only” $12 million – more than double that of 2019. How is Is it possible that Mar-a-Lago brings in so much? First, several private apartments are available on the estate for rental. As for the rest, 500 members of a very select club must pay a significant entry fee of $700,000 – it was $25,000 in the 1990s – and an annual membership fee of $20,000. . Since the re-election of Donald Trump, the entry ticket has increased to $1 million.

Mar-a-Lago, a place dear to Donald Trump

A waiting list to access this club has even been set up. Once the ticket is in the hands of the privileged, they will then be able to access certain events organized on site or even the golf course used many times by the American president, a great fanatic of this sport. Other access for club members: the swimming pools, the spa, the private Beach Club and the tennis courts. Non-members of the club can also rent – ​​at a high price – certain places on the estate for special events. Very attached to Mar-a-Lago, whose value is today estimated at 350 million dollars, Donald Trump spends time there, even if it means receiving ministers and heads of government in his lounges, or singing along with him. Elon Musk. Since the attempted assassination of Melania Trump’s husband last year, security at the estate has been reinforced, with robot dogs roaming the gardens in particular.