{"id":17663,"date":"2025-04-05T21:04:27","date_gmt":"2025-04-05T21:04:27","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/trump-familys-cash-registers-ring-as-financial-meltdown-plays-out\/"},"modified":"2025-04-05T21:04:27","modified_gmt":"2025-04-05T21:04:27","slug":"trump-familys-cash-registers-ring-as-financial-meltdown-plays-out","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/trump-familys-cash-registers-ring-as-financial-meltdown-plays-out\/","title":{"rendered":"Trump Family\u2019s Cash Registers Ring as Financial Meltdown Plays Out"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div data-testid=\"companionColumn-0\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">The financial market meltdown was underway when President Trump boarded Air Force One on his way to Florida on Thursday for a doubleheader of sorts: a Saudi-backed golf tournament at his family\u2019s Miami resort and a weekend of fund-raisers attracting hundreds of donors to his Palm Beach club.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">It was a fresh reminder that in his second term, Mr. Trump has continued to find ways to drive business to his family-owned real-estate ventures, a practice he has sustained even when his work in Washington has caused worldwide financial turmoil.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The Trump family monetization weekend started Thursday night, as crowds began to form at both the Trump National Doral resort near Miami International Airport, and separately at his Mar-a-Lago resort 70 miles up the coast.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Mr. Trump landed on the edge of one of the golf courses in a military helicopter \u2014 just in time for a dinner at Doral. The next day, LIV Golf, the breakaway professional league backed by Saudi Arabia\u2019s sovereign wealth fund, was scheduled to hold a tournament at the course for the fourth time.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-1\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">On Thursday at Mar-a-Lago, hundreds of <a class=\"css-yywogo\" href=\"https:\/\/www.instagram.com\/dragos_sp\/reel\/DIBFODgOysO\/\" title=\"\" rel=\"noopener noreferrer\" target=\"_blank\">guests gathered<\/a> for the American Patriots Gala, a conservative fund-raiser that featured Homeland Security Secretary Kristi Noem and <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/04\/03\/world\/americas\/argentina-javier-milei-trump.html\" title=\"\">President Javier Milei of Argentina<\/a>, who told <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/04\/03\/world\/americas\/argentina-javier-milei-trump.html\" title=\"\">his supporters<\/a> back home that he was hoping to catch up with Mr. Trump while there, seemingly unaware that Mr. Trump was double-booked at two of his family properties that night.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">And that was just the weekend\u2019s lead-up.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Mr. Trump ordered a <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/04\/02\/business\/economy\/trump-tariffs.html\" title=\"\">new set of global tariffs<\/a> on Wednesday from the White House using his trademark Sharpie pen, a version of which is on sale at Mar-a-Lago for $3.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The announcement set off one of the largest market crashes in American history, erasing $5 trillion in market value from companies in the S&amp;P 500 in just two days. Mr. Trump has said his policy would reverse what he calls unfair trade practices, and that eventually the \u201cmarkets are going to boom.\u201d<\/p>\n<p class=\"css-at9mc1 evys1bk0\">On Friday, as markets continued to tumble, thousands of golf fans visited Doral, as did Eric Trump, Mr. Trump\u2019s son, and Yasir Al-Rumayyan, the governor of Saudi Arabia\u2019s <a class=\"css-yywogo\" href=\"https:\/\/www.pif.gov.sa\/en\/?gad_source=1&amp;gclid=Cj0KCQiAkoe9BhDYARIsAH85cDMW-JmImCp2yPBPnqNOVVDpWizgmOb_1ZZsXKq05xRv-PsQWcHT1pUaAkFyEALw_wcB\" title=\"\" rel=\"noopener noreferrer\" target=\"_blank\">$925 billion<\/a> sovereign wealth fund. Mr. Al-Rumayyan is also the chairman of LIV Golf, and was there to see its stars compete.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-2\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">\u201cIt is a nice club,\u201d Mr. Al-Rumayyan said as he walked around the golf course watching the players tee off.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-3\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">LIV Golf \u2014 a venture intended to lift the Saudi profile worldwide even as it has burned through hundreds of millions of dollars of state funds \u2014 is styled as a daylong party, with club music pumping out of speakers lining tournament courses and machines dispensing wine and large beers. On Friday, fans watched a bit of golf and danced on the edges of the course. Others in MAGA hats walked around smoking cigars.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">In short, the economic turbulence seemed far away.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cYou are all looking a little too stiff!\u201d said Matt Rogers, a LIV Golf announcer, as he yelled into a microphone, blasting his message across the greens as the first group of golfers on Friday prepared to play with dance music blaring in the background. \u201cYou need to turn this up! This is LIV Golf.\u201d<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Every room at the 643-room Trump Doral, including the $13,000-a-night presidential suite, was sold out through the weekend. Not a seat could be found at the BLT Prime steakhouse bar, where a porterhouse steak cost $130.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cThis is the perfect venue,\u201d Eric Trump said as he strolled the golf course Friday.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">He had driven his father in a golf cart from the military helicopter to the resort dinner the day before, as the festivities over the big moneymaking weekend were getting underway.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-4\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">The president spent much of Friday at yet another Trump family venue, Trump International Golf Club, not far from Mar-a-Lago, sending out <a class=\"css-yywogo\" href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/114279756371714617\" title=\"\" rel=\"noopener noreferrer\" target=\"_blank\">social media messages<\/a> during the day, including, \u201cTHIS IS A GREAT TIME TO GET RICH, RICHER THAN EVER BEFORE.\u201d<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-5\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">By Friday night, the center of attention had shifted back to Mar-a-Lago, as Mr. Trump held another in a series of $1 million-a-head dinners at his private club in Palm Beach.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Since he was elected in November, Mr. Trump has hosted at least four of the fund-raisers, including one in December, two in <a class=\"css-yywogo\" href=\"https:\/\/www.tiktok.com\/@michaelsolakiewicz\/video\/7489175775330192686\" title=\"\" rel=\"noopener noreferrer\" target=\"_blank\">March<\/a> and the one Friday night, with a fifth planned for April 24.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The fund-raisers unfold in similar ways, according to people who have attended them.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Roughly 20 people gather around a candlelit table with big white flowers in the club\u2019s \u201cWhite and Gold Room\u201d after a photo session. Mr. Trump speaks, then listens to the guests discuss their businesses, one by one. In just an hour or two, he can raise as much as $20 million \u2014 a great return on his time investment, associates say.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-6\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Attendees at some of the post-election dinners at Mar-a-Lago hosted by MAGA Inc., one of Mr. Trump\u2019s fund-raising political action committees, have included the casino owner Miriam Adelson, the sugar magnate Pepe Fanjul and James Taiclet, the chief executive of Lockheed Martin, the world\u2019s largest military contractor, along with representatives from the cryptocurrency and energy industries.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">On Friday, Ronald S. Lauder, the cosmetics heir, and Steve Wynn, the former casino executive, both billionaires, were among the guests at the Mar-a-Lago fund-raiser, according to two people briefed on the matter. They spoke on condition of anonymity because they were not authorized to discuss the event.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The dinners have been just the start. Mar-a-Lago remains a <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/interactive\/2024\/07\/10\/us\/politics\/mar-a-lago-republicans-trump.html\" title=\"\">popular site for Republican<\/a> candidates to host their own fund-raisers, Federal Election Commission records show.It is not clear to some Republicans why Mr. Trump has been raising money so aggressively, according to eight people involved in conservative fund-raising who have kept track of his Mr. Trump\u2019s efforts. Never before has a president ineligible for re-election vacuumed up so much money for a super PAC.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Some of Mr. Trump\u2019s associates believe it is prudent to fund-raise when the money is available, as corporate interests and others seek to get access to the president or make amends for perceived slights, people close to him acknowledge.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The packed agendas at the two Trump venues recalled the constant buzz and spending by lobbyists, members of Congress and foreign leaders at Trump International Hotel in Washington before the Trump family <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2022\/05\/11\/us\/politics\/trump-hotel-sale-washington.html\" title=\"\">sold its lease<\/a> after Mr. Trump\u2019s first term.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-7\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\"> In addition to the Saudi sovereign wealth fund, top sponsors of the Doral golf tournament included Aramco, the Saudi oil company; Riyadh Air, the airline owned by the sovereign wealth fund; and TikTok, the Chinese-owned social media company whose fate Mr. Trump <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/04\/04\/technology\/trump-tiktok-deadline-delay.html\" title=\"\">is helping to decide<\/a>, according to a large billboard outside one of the event\u2019s party tents.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-8\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Mr. Trump\u2019s merchandise shops \u2014 there are at least three of them at Doral \u2014 were also doing swift business, selling everything from a $550 Trump-branded crystal-studded purse to $18 Doral-branded paperweights made in China. The store clerk said that he did not know if new tariffs on imported products would mean price increases.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Fans in the crowd said that they had traveled from as far as South Africa to attend the event. Some purchased special tickets that cost as much as $1,400 to enter exclusive party areas with free drinks and food \u2014 tickets that were sold out as of Saturday.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">In interviews, tournament attendees and others said that they did not mind the disconnect between the Wall Street meltdown and the events at the Trump properties.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-9\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">\u201cThe sky is falling every day,\u201d said Mike Atwell, a Key Largo, Fla., restaurant owner who was attending the LIV event with his wife enjoying lunch and drinks. \u201cWhen you are happy, you drink. When you are sad, you drink. It all works out.\u201d<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Tyrell Davis, a 39-year-old entrepreneur spending Saturday afternoon in Palm Beach, said that he admired Mr. Trump for focusing on his own businesses while also implementing tariffs that he believed would benefit Americans. <\/p>\n<p class=\"css-at9mc1 evys1bk0\">Mr. Davis said that the United States had given away money to other countries for years while not investing in American cities, and that it only made sense Mr. Trump would continue to bolster his own businesses while in office.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cIt\u2019s all about business and money,\u201d Mr. Davis said. \u201cThat\u2019s what it\u2019s all about. America is a business. It\u2019s a corporation.\u201d<\/p>\n<p class=\"css-at9mc1 evys1bk0\">On Saturday, as the tournament continued at Doral, Mr. Trump showed up at yet another family golf course, in Jupiter, Fla., which is holding its own, more modest tournament.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-10\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Good news was announced by the White House staff: \u201cThe president won his second round matchup of the senior club championship today in Jupiter, Fla., and advances to the championship round on Sunday.\u201d Reporters and photographers were prohibited from watching him play, and were held down the street at a coffee shop.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">As Mr. Trump returned to Mar-a-Lago, one of his political committees sent out an offer to his followers: They could buy a signed replica of his executive order changing the name of the Gulf of Mexico to the Gulf of America. The minimum contribution was $50. \u201cI want you to have a PIECE OF HISTORY in your home,\u201d Mr. Trump said in the solicitation.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The White House then announced that there would be no more public events on Saturday.<\/p>\n<p class=\"css-798hid etfikam0\">Maggie Haberman<!-- --> contributed reporting from New York.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<p><script async src=\"\/\/www.instagram.com\/embed.js\"><\/script><script async src=\"\/\/www.tiktok.com\/embed.js\"><\/script><br \/>\n<br \/><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     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Thursday<\/p>\n","protected":false},"author":1,"featured_media":17664,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[114,2810,2011,5552,5553,1892,2010,4071,4072,113,111],"class_list":["post-17663","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us","tag-donald-j","tag-doral-fla","tag-fla","tag-golf","tag-jupiter-fla","tag-liv-golf","tag-mar-a-lago-palm-beach","tag-public-investment-fund-saudi-arabia","tag-sovereign-wealth-funds","tag-trump","tag-united-states-politics-and-government"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trump Family\u2019s Cash Registers Ring as Financial Meltdown Plays Out - World News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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