What Trump's golf courses could reveal


The New York Times' report on President Trump's tax info shed a significant amount of new light on his businesses and personal wealth, but there are still several questions left unanswered. Journalist Adam Davidson, who has reported on Trump's business dealings for The New Yorker, suggests people look to Trump's golf courses to find out more.
One of Davidson's big takeaways from the Times report is that Trump had a "new source of funds" beginning around 2011 after he had finished "blowing through" most of the money he received from his father, television producer Mark Burnett, and through loans. It's not clear who this alleged new source of money may be, but Davidson believes golf courses could be the key. In 2011, Davidson writes, Trump went into business with families from Azerbaijan, and was also "flirting" with Georgian and Kazakh businesses that have ties to Russian President Vladimir Putin. Between 2011 and 2016, all of those groups were known to be laundering money through golf courses.
Trump, of course, has his own courses across the U.S., as well as in other countries, and those properties have cost him a lot of money. Davidson singled out his Scottish golf resorts, which have prompted investigation requests in the past, because that is where he, perhaps confoundingly, spent the post-2011 money.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
But speculation is just that, and Davidson argues that little more can be known about who Trump "owes and what they know about him" until the alleged funding source is uncovered.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Tim is a staff writer at The Week and has contributed to Bedford and Bowery and The New York Transatlantic. He is a graduate of Occidental College and NYU's journalism school. Tim enjoys writing about baseball, Europe, and extinct megafauna. He lives in New York City.
-
ICE agents take down Lady Justice | June 21 editorial cartoons
Cartoons Saturday’s political cartoons include ICE, Donald Trump as a lion tamer, and ordering from the Bible
-
5 editorial cartoons about ICE raids
Cartoons Political cartoonists take on ICE raids, harvesting Big Macs for Donald Trump, and what to do when Stephen Miller shows up at the front door
-
Grilled radicchio with caper and anchovy sauce recipe
The Week Recommends Smoky twist on classic Italian flavours is perfect to grill, drizzle and devour
-
Economists fear US inflation data less reliable
speed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
-
Crypto firm Coinbase hacked, faces SEC scrutiny
Speed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress code
speed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
Warren Buffet announces surprise retirement
speed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
-
Trump calls Amazon's Bezos over tariff display
Speed Read The president was not happy with reports that Amazon would list the added cost from tariffs alongside product prices
-
Markets notch worst quarter in years as new tariffs loom
Speed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panels
Speed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
-
Crafting emporium Joann is going out of business
Speed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores