The rich and famous play down at Palm Springs whenever they’re able to free themselves up from busy schedules. Of course, having been in business before for many years, many of them own their own golf courses, not just in different parts of the country, but in different parts of the world too. And no one can really fault them for spending money because, well face it, wouldn’t you want to belong to one of these too? Palm Springs golf courses, let it be said, are not cheap to run either. And don’t they know it too.
Their high net worth may run in the billions but there is not a snowball’s chance that their company holdings will be running these estates singlehandedly. This is how good business has always been done. While there are other stakeholders involved, their holdings will surely wish to retain a majority of the control. And in the process, the holding company could be entering a low-risk environment.
Indeed, it may seem that the chips are spread rather unevenly. But so it goes that this is how capitalism works. Palm Springs remains a favored location for new golfing developments. It is in the areas where tourism rates are fairly high for most parts of the year. Retired persons are also looking forward to such destinations. And no doubt, corporations with the budgets for such ventures will wish to hold their annual general meetings or annual conventions in such areas.
Golf as a sport serves only as a sidebar almost but it remains a popular activity for the purposes of doing business rather than sitting in a cramped conference room on a high-rise office building and without any views to look forward to.