According to the Washington Post, on a single hotel-condo project in Panama, “Trump has earned at least $50 million on the project on virtually zero investment.” He still owns a few flagship properties, including Trump Tower in New York and Mar-a-Lago in Florida. But if you look at the broader network of a great many Trump-branded properties—from the Trump International Golf Club in Dubai to the many other Trump properties in India, Canada, Brazil, South Korea, and New York City—what you see is that Trump either doesn’t own them himself or owns just a piece of them. His revenue comes from
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