Trump National Golf Club Jupiter

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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. F

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