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October 29, 2021

The 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 caught the bug, too. 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.

Fortunately for the real estate tycoon, he had an oasis. Set off the eastern coast of Florida, the town of Palm Beach has long provided respite for the nation’s richest people. Many of them, Trump included, flocked there during the pandemic. The former president’s properties on the Florida island have jumped an estimated $155 million in value during the pandemic.

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