View source for Trump National Golf Club Jupiter

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Trump claimed that Trump National Golf Club Jupiter was worth more than $50 million in his financial disclosures released during the [[2016 US Presidential campaign]]. However, Trump has tried to convince local officials that his course is worth "no more than $5 million" in an effort to lower his property taxes.<ref>{{Quotation|When Donald Trump submitted financial disclosure forms to election regulators, he bragged that his portfolio included some of the "finest and most iconic properties in the world." Among them was Trump National Golf Club Jupiter in Jupiter, Fla., which Trump valued at more than $50 million. That came as a surprise to officials in Palm Beach County, where the golf course is located. A few months earlier, for the third straight year, Trump's attorney had gone to court to argue that, for the sake of calculating his tax bill, the property was worth "no more than $5 million." (''Washington Post'', [https://www.washingtonpost.com/politics/how-much-does-trump-claim-his-golf-courses-are-worth-it-depends-who-needs-to-know/2016/08/21/71828f3a-5f3c-11e6-9d2f-b1a3564181a1_story.html August 21, 2016])}}</ref>

FAST FACTS
Underlying Assets: Golf Club
Location: Jupiter, Florida
Purchase Date: November, 2012
Purchase Price: TBD
Reported Value: $50 million or more
Reported Income: $17,903,803
Website: <a href="http://www.trumpnationaljupiter.com/">trumpnationaljupiter.com</a>
OVERVIEW
Trump purchased Jupiter's Ritz-Carlton Golf Club  & Spa in November of 2012 for an undisclosed sum. Trump claimed that the course was worth $50 million or more in his 2016 financial disclosure. This valuation conflicts with claims Trump has made  to local officials, where he has argued the course should be considered worth "no more than $5 million" for the purpose of assessing local property tax rates. Trump reported income of $17,903,803 for the course.
Trump lost a federal lawsuit  brought by former members of the club in February of 2017. When Trump purchased the club, the plaintiffs had been members of its "resignation list" - club members who had expressed an intention to leave the club, but were unable to resign until new members had been recruited to replace them. After assuming ownership of the club, Trump denied access to members on the resignation list, but continued charging them membership fees and refused to return their deposits. A judge has ordered the Trump Organization to pay the former members more than $5 million in damages.
Trump's golf club in Jupiter is one of several Trump properties that has applied to hire foreign seasonal workers  through the H2B visa program.
OWNERSHIP STRUCTURE
Trump National Golf Club - Jupiter:
-----1% owned by Jupiter Golf Club Managing Member Corp
----------100% owned by Donald J. Trump
----99% owned by DJT Holdings LLC
----------99% owned by The Donald J. Trump Revocable Trust
----------1% owned by DJT Holdings Managing Member LLC
---------------100% owned by The Donald J. Trump Revocable Trust
Trump has additionally reported ownership of a management company named TNGC Jupiter Management LLC. That company held no reported assets, but earned management fees of $451,020.
-----1% owned by TNGC Jupiter Managing Member Corp
----------$100% owned by Donald J. Trump
-----99% owned by DJT Holdings LLC
----------99% owned by The Donald J. Trump Revocable Trust
----------1% owned by DJT Holdings Managing Member LLC
---------------100% owned by The Donald J. Trump Revocable Trust
The Donald J. Trump Revocable Trust is managed for the "<a href="http://ragepath.org/the-donald-j-trump-revocable-trust/">exclusive benefit</a>" of Donald Trump.
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