Trump Family Rakes in Cash Amid Financial Chaos: A Weekend of Golf, Fundraisers, and Tariffs
While the Stock Market Dives, The Trump Family Hosts a Golf Party—Because Why Not Profit from a Crisis YOU Created?
As financial markets crumbled, President Trump seized the opportunity to profit from his family-owned businesses, hosting a packed weekend at his resorts. Despite a massive market crash triggered by newly announced tariffs, which erased $5 trillion from the S&P 500, Trump’s properties buzzed with activity. The Trump family hosted a Saudi-backed golf tournament, private fundraisers, and sold out rooms at their luxurious resorts. The family continues to draw significant financial benefit from its business ventures, even amidst economic turmoil.
On the heels of global market instability, Trump’s weekend in Florida was a stark contrast. While Wall Street experienced a historic downturn, the Trump National Doral in Miami was bustling with golf fans, conservative donors, and international VIPs. LIV Golf, funded by Saudi Arabia's sovereign wealth fund, returned for its fourth tournament, with both Trump’s sons and Saudi officials in attendance. The family’s business acumen remained evident, as luxury accommodations and high-ticket fundraisers drew millions in revenue. "This is the perfect venue," Eric Trump said as the event unfolded, underscoring the ongoing success of their ventures.
Despite the economic backdrop, many attendees were unfazed by the financial meltdown. Mike Atwell, a Florida restaurant owner at the LIV event, summarized the sentiment: "When you are happy, you drink. When you are sad, you drink. It all works out." The Trump family’s blend of business and politics continues to thrive, with billions in contributions flowing through their properties.
Source: The New York Times