U.S. President Donald Trump reported nearly $395 million of income from his various golf businesses in 2025, the first year of his second term in office, according to his annual financial disclosure report released Tuesday by the U.S. Office of Government Ethics. The word golf is used 540 times in the 927-page document.
The Trump Golf portfolio—part of The Trump Organization—includes 16 clubs or resorts around the world with operational golf courses, and five more under development, according to its website.
In 2025, the biggest single golf moneymaker was more than $121.8 million in “golf & hotel related revenue” associated with Trump National Doral Golf Club via Trump Endeavor 12 LLC. Many limited liability companies (LLC) were created by The Trump Organization as holding companies—a standard business practice—that manage Trump’s golf properties, as well as others.
The Miami property has four golf courses, including the famous Blue Monster that hosted a LIV Golf event in 2025, which Trump attended. The resort welcomes guests year-round and offers private membership. The Trump Organization bought the former Doral Golf Resort & Spa out of bankruptcy in 2012 for $150 million. This year, Doral hosted a PGA Tour event for the first time since 2016, which Trump also attended.
