The former president’s properties on the Florida island have jumped an estimated $155 million in value during the pandemic.
he pandemic has been tough on Donald Trump. The former president famously dismissed Covid-19 in its early days, then watched his approval ratings crater as the virus spread to millions of people, including himself. His business. Trump’s hotels shut down, his office buildings emptied out, and much of his residential real estate—concentrated in big cities like Chicago and New York—plunged in value.
All good news for Trump, one of the most significant landowners on the island. His best-known property there is, of course, Mar-a-Lago. Figuring out what it’s worth isn’t an easy task. Mar-a-Lago generates more than $20 million of revenue a year, but it’s not a typical business. If it were, a club pulling in that much revenue might be worth $75 million to someone who really fell in love with the place. But Mar-a-Lago is more than a business—it’s a living monument, doubling as a house—set on 17.
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