Trump reports €11m income from Doonbeg golf resort

US president Donald Trump reported earning income of €11 million from his golf resort at Doonbeg in Co Clare in just 15 months, a new personal financial disclosure shows.

The businessman-turned-politician, who described his west of Ireland golf club as “small potatoes” during last year’s presidential election campaign, reported “golf-related revenue” of $12,498,172 (€11,168,621) from the resort in the period from January 2016 to mid-April of this year in the voluntary disclosure.

The US president values the club at $5 million-$25 million (€4 million-€20.5 million) in his latest filing to the Office of Government Ethics, the same valuation he assigned to the club in financial disclosure forms he submitted in July 2015, a month after he launched his presidential bid, and in May 2016.

It is hard to compare income earned in successive years from the Co Clare resort, which he bought in 2014. The three disclosure forms he has filed since 2015 cover overlapping and varying reporting periods, though he appears to be earning more from the resort since he entered politics.

In July 2015, Mr Trump disclosed that he earned income of $10,755,683 from Doonbeg in the previous 18-month period and in May 2016 declared income of $10,750,645 in the previous 16-month period.

His latest disclosure, which was filed on Friday and runs to 98 pages, shows Mr Trump resigned as “president/director” of two Irish companies behind “Trump International Golf Links – Doonbeg” – TIGL Ireland Enterprises and TIGL Ireland Management – on January 19th, 2017, the day before he became president.

The 45th US president maintains 100 per cent ownership of the Doonbeg resort through a corporate entity called TW Venture II LLC, according to the financial disclosure form. He discloses details of another company at “Doonbeg, Ireland” called TW Venture II Managing Member Corp.

Mr Trump once boasted as a presidential candidate that his wealth exceeded “$10 billion dollars” but his voluntary disclosure forms offer little corroboration to back up this claim.

According to the latest filing, the former reality TV star assigns a value of at least $1.4 billion on his property, hotel and golf interests that span the globe.

Tax returns

There has been no full and independent analysis of Mr Trump’s finances as the Republican president has refused to release his tax returns , which would reveal his exact income.

Mr Trump’s income from his Irish golf resort amounts to a fraction of almost $600 million in revenue generated during the 15-month period, according to the disclosure.

The money earned on his Irish golf interests compare to $14.5 million generated at his Scottish golf course, Turnberry, and $37 million from Mar-a-Lago, his Palm Beach club in Florida where he has spent several weekends since he became president five months ago.

Mr Trump, who refers to the Florida club as the “Winter White House”, has benefited financially from Mar-a-Lago since he became president. He reported an increase of $7.5 million in income from the resort, which doubled its joining fee to $200,000 after he was elected, on his May 2016 filing.

Read other news on the city site of Dublin.

Trump presidency DonaldTrump WhiteHouse Trump Doonbeg
If you notice an error, highlight the text you want and press Ctrl + Enter to report it to the editor
I recommend
No recommendations yet


Comments are designed to communicate and discuss the features of an enterprise or event, as well as to find out the interesting questions on it.

A number of Ulster Bank customers are currently being impacted by an issue with the bank’s Anytime and Mobile Banking services. In a statement Ulster Bank said that it was aware that there are some issues on its Anytime and Mobile Banking services, and that it is working to fix them. The bank advised customers that its telephone banking and ATM services have not been impacted by the problem. "We are aware that customers are currently experiencing issues lo...
TWO national school teachers and an accountant have been spared jail for their part in a violent brawl in a well-known Dublin pub. Teachers Michael Davitt and Seamus O Cearra, as well as accountant Conor Shannon all walked free from court today after admitting violent disorder charges in the 10-man melee. A fourth accused, warehouse manager and soccer team captain Stephen Cantwell also avoided a prison sentence while a fifth, electrician David McSweeney wa...
Two people have been hospitalised with serious injuries and a man arrested on suspicion of drink-driving following a collision in Co Wexford. The two-car crash happened at The Leap in Clonroche at around 8.30pm yesterday evening. A man and woman, both in their 50s, were taken by ambulance to Wexford General Hospital. The driver of the second car, a man in his 50s, was arrested at the scene on suspicion of drink-driving. He has since been released from cust...
Long-standing plans to deliver hundreds of new homes on the site of the former Player Wills cigarette factory on Dublin's South Circular Road have come up against yet another obstacle. Documents lodged in the High Court showed the site's Nama-appointed receivers, Paul McCann and Stephen Tennant of Grant Thornton, are locked in legal proceedings in an effort to remove a company operating a salvage business from the site. The case relating to the tenancy rig...
Health Minister Simon Harris has been told his decision on whether to grant access to a revolutionary new drug for children with a rare degenerative condition is one of life or death. Families, friends, supporters and sufferers of spinal muscular atrophy (SMA) gathered outside the Dail yesterday to call for access to the drug Spinraza. The only drug ever manufactured to treat SMA, a degenerative neuromuscular disorder, it is licensed, available and changin...
Storm damage at the ploughing championships has forced organisers to cancel the second day of the event. More than 100,000 people had been scheduled to attend Ireland's largest annual outdoor event outside Tullamore, Co Offaly. However, two delayed openings were not enough to save the National Ploughing Association (NPA) event, after tents were badly damaged by the gusting winds. NPA assistant managing director Anna Marie McHugh said the organisers will no...
A dream holiday to Ireland turned to tragedy for a tourist who died after her caravan was blown into the sea as Storm Ali battered the country. The woman, named locally as Elvira Ferraii from Switzerland, had arrived in the Clifden area of Galway the day before the tragic incident. She rented a caravan and was staying at the Clifden Eco Beach camping and caravan site in the Claddaghduff area, along the Atlantic coastline. At around 7.45am yesterday the car...
Teachers Michael Davitt and Seamus O Cearra and accountant Conor Shannon all walked free from court yesterday after admitting violent disorder charges over the 10-man melee. A fourth accused, warehouse manager Stephen Cantwell, also avoided a prison term while a fifth, electrician David McSweeney, was jailed for six months. Passing sentence, Judge Brian O'Shea said the teachers were "ambassadors for their schools" whenever they went out and they had "let t...
ESB Networks says 39,000 homes, farms and businesses are still without power this morning after StormAli crossed the country yesterday. Repair crews workedthrough the night, but 1,600 individual faults remain on the network. It says it hopes to restore power to everyone affected today. ESB Networks Operations Manager Derek Hynes said most repairs are in the Cavan/Longford, Monaghan and Mayo areas. He saidcrews need to get to 1,600 locations today andwarned...