Did Trump get funding from Russia to build his golf courses?
President Donald Trump's son Eric told golf reporter James Dodson three years ago that the family's company got much of its funding to build its golf courses from Russia, according to an interview Dodson gave to WBUR on Friday.
How many golf courses does Donald Trump own?
At last count, as of October 2020, Donald Trump owned 19 golf courses. Most of these are located in the US, with several in Europe, and one in the Middle East, according to the Trump Organization. Three are currently under construction, including two in Indonesia. Where are Trump's golf courses?
How much of Trump's Florida real estate has been bought by Russians?
REUTERS/Joe Skipper A Reuters review found that at least 63 individuals with Russian passports or addresses have bought at least $98.4 million worth of property in seven Trump-branded luxury towers in southern Florida. MIAMI/MOSCOW – During the 2016 presidential campaign, Donald J. Trump downplayed his business ties with Russia.
Does Donald Trump own any residential property in Europe?
There's just one problem with those claims: Trump hasn't built a single residential property on any golf resort he owns in the past decade, in Europe or the United States, Reuters reported last year.
Where did Donald Trump's son build his golf course?
President Donald Trump's son Eric told golf reporter James Dodson three years ago that the family's company got much of its funding to build its golf courses from Russia, according to an interview Dodson gave to WBUR on Friday. Dodson said he was visiting the Trump National Golf Club in Charlotte, North Carolina, ...
What was the dossier on Trump's ties to Russia?
An unverified dossier on Trump's ties to Russia included an explosive allegation that Trump's campaign agreed to minimize US opposition to the Kremlin's aggressiveness toward Ukraine if the Kremlin released negative information about his Democratic opponent, Hillary Clinton.
Why did Eric Trump say the company wasn't relying on American banks for the funding?
Dodson recalled that when he then asked Eric Trump to explain where the $100 million came from, Eric said the company wasn't relying on American banks for the funding because American banks had been reluctant to put money into golf courses after the recession .
How many golf courses did Donald Trump own?
In fifteen years, he bought twelve golf courses (ten in the U.S., one in Ireland, and a smaller one in Scotland), several homes, and a winery and estate in Virginia, and he paid for his forty-million-dollar share of the cost of building the Trump Hotel in Washington, D.C.—a property leased to Trump by the U.S. government.
How much money did Donald Trump spend on new properties?
In the nine years before he ran for President, the Post reported, the Trump Organization spent more than four hundred million dollars in cash on new properties—including fourteen transactions paid in full. In fifteen years, he bought twelve golf courses (ten in the U.S., one in Ireland, and a smaller one in Scotland), several homes, ...
How much money did the Turnberry lose in 2016?
The Turnberry has been losing an astonishing amount of money, including twenty-three million dollars in 2016. The Trump Organization argued that these losses were the result of being closed for several months for repair.
Trump's losses aren't 'normal'
Trump has two golf resorts in Scotland. He opened the first, Trump International Golf Links, in Aberdeenshire in 2012 on a piece of land he had purchased six years before. The course has lost money every year since.
Trump said his golf courses were 'not really golf investments'
Trump said in a 2016 interview with Reuters that people looking at the massive losses at his golf resorts were missing the point.
Is it simply incompetence?
"Stupidity and grandiosity should never be overlooked as possible grounds for all of this," said Daniel Shaviro, the Wayne Perry Professor of Taxation at New York University Law School, who wrote about Trump's tax returns last year.
Are they being kept for 'fishy' tax purposes?
Companies House accounts showed that Golf Recreation Scotland, Turnberry's parent company, depends on an eye-watering amount of debt — around $160 million — owed to its parent company, the Donald J. Trump Revocable Trust, which is registered in New York.
Trump's 'unexplained' funding for his golf courses
A group of Scottish lawmakers led by the Green Party's Patrick Harvie this year called for an "unexplained wealth order" over Trump's finances. Their central question: Where did Trump get the money to pay for his resorts in the first place?
How many homes does Donald Trump own?
But, according to a 2020 Business Insider article, the US President's real estate portfolio boasts at least eight homes. The Associated Press reports that he has "plenty of assets he could cash in, starting with a portfolio that includes office and condo towers, ...
When was Trump Golf founded?
Trump Golf was founded in 1999 with the mission "to create the world’s best luxury golf experience", according to his website. In October 2020, he was granted permission to build a second golf course on his sprawling estate in Scotland. His overseas golf courses are:
Where is Trump National Golf Club?
Trump National Golf Club, LA, California - the facility boasts an opulent ballroom for up to 300 guests. Bedminster, New Jersey - in 2017, this club hosted the US Women's Open and in 2022 will hold the PGA Championship. Charlotte, North Carolina - designed by Australian golf professional George Norman.
Where does Donald Trump live?
Where are Donald Trump's homes? Trump has two houses in Sterling, Virginia, near the Trump National Golf Club in Washington DC. Business Insider says they "come in handy" when he's playing golf in the area. His third property is the famous Mar-a-Lago, at Palm Beach in Florida.
Where is Donald Trump's third home?
His third property is the famous Mar-a-Lago, at Palm Beach in Florida . One of his favourite homes, Trump hailed it on Twitter, saying: "Writing my inaugural address at the Winter White House, Mar-a-Lago.". 9.
Where is Trump International Resort?
Bali, Indonesia - currently being built, Trump International Resort & Golf Club Bali will be a "world-class, six-star resort and destination beach club", says the Trump Organisation. Trump National Golf Club, LA, California - the facility boasts an opulent ballroom for up to 300 guests.