Wed, October 28, 2020, 7:52 AM MDT
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A bombshell New York Times report from September said Donald Trump paid only $750 in federal income taxes in 2016 and nothing at all for much of the previous decade.
Those same records reported that some of Trump's businesses have been hemorrhaging money.
His golf courses showed combined losses of $315.6 million, while his hotel and real estate umbrella company also posted multimillion-dollar losses. Crown jewels of his empire, like the Mar-a-Lago club, did not make the list.
Here's a look at which of Trump's iconic properties are struggling the most, according to the Times investigation.
Trump has 15 golf courses across the globe. His tax records show major losses at a handful of them.
Trump golfing. Getty
Trump reported combined losses of $315.6 million on golf courses since 2000 in the tax records viewed by The New York Times. His European golf courses accounted for a fifth of that figure. He has a total of 15 golf courses across the world.
Trump's three European courses, one in Ireland and two in Scotland, posted $63.3 million in losses.
His golf club in Doonbeg, Ireland, is located in a village with a paltry population of 200. In November 2018, the Associated Press reported that the course had lost money four years in a row. Around the same time, the AP reported, Trump received approval to build a wall around the resort to protect it from rising sea levels. The move angered residents, as it could potentially harm dunes and local public beaches.
Trump's golf club in Aberdeen, Scotland, was also built on dunes. It opened in 2012, and the development process severely damaged the local environment, Business Insider previously reported. Business Insider also previously reported that the 18-hole golf course, which is accompanied by a 22-acre driving range, a whiskey bar, and a five-star hotel, routinely posts at least $1 million in losses every year.
His second Scottish golf club, in Ayrshire, is older — built in 1906 — and it is now home to two 18-hole courses, a 9-hole course, and a spa.
The three clubs totaled $63.3 million in losses, according to the the tax records viewed by The Times.
Trump's largest golf club, the Trump National Doral near Miami, is losing the most significant chunk of change.https://www.yahoo.com/news/look-trumps-most-failed-businesses-151600504.html