Trump Organization's Saving Grace Turns Out To Be Golfing Hobby Of The Well-Heeled: Report
Portfolio Pulse from Benzinga Neuro
The Trump Organization's primary income source has shifted to its golf resorts, now accounting for 80% of its cash flow. Despite financial challenges, including over $530 million in court judgments, the organization is projected to generate $80 million in cash this year. Trump Media & Technology Group, owner of Truth Social, remains a significant asset despite a drop in stock value.
August 22, 2024 | 12:50 am
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Trump Media & Technology Group, despite a drop in stock value, remains a significant asset for Trump, with a market cap of $4.5 billion. The stock saw a 13% rise recently.
The article highlights the financial significance of Trump Media & Technology Group to Trump's wealth, despite a drop in stock value. The recent 13% rise in stock price suggests positive short-term sentiment.
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