Trump To Lose Millions In Profits As More Charities Cancel Events At Mar-A-Lago Resort
Donald Trump becoming president is the worst thing that could have happened to him and his business. With every new poll showing a decline in support for the president Trump’s popularity continues to diminish.
Trump’s Mar-a-Lago resort is now getting ready to lose up 25% of its profits as 16 charities have canceled their private events after the president’s controversial remarks following the Charlottesville march.
According to The Washington Post:
“The big gala events each seem to bring in more than $100,000 per night, according to a survey of charity leaders and tax documents. The luncheons can bring in anywhere from $24,000 to more than $80,000. Even these lowball numbers yield an estimate of $1.1 million in revenue that Trump’s club could have expected from the 14 lost events. That’s a significant sum, although Mar-a-Lago has other streams of revenue: initiation fees, member dues, hotel suites and restaurants and bars catering to members and guests.”
Trump is causing his own business to plummet with every controversial tweet and every racist word that comes out of his mouth.
The number of companies and charities that used to use Trump’s properties for events are decreasing as they don’t want to get caught up in Trump’s political agenda.