Page 44 - Forbes - USA (October 2019)

WHAT TRUMP SOLD
Donald Trump
Since taking office,
the president has
THE ANTI-TRUMP $110 million worth
quietly unloaded

TRUMPS of real estate across
10 properties.
40
Spring Creek Towers
Brooklyn
Since their father became president, Trump’s sons
R Sold 4% interest in
E have been running his business in a decidedly un-Donald-like way. housing complex
N +$33 MIL (EST.)
N
U Undeveloped lots
R
T Rancho Palos
N Verdes, CA
O Sold 9 lots
R
F +$19 MIL
Trump International
Hotel Las Vegas
Sold 96 hotel-condo units
+$16.3 MIL

Trump Park Avenue
New York City
Sold 1 penthouse
+$15.9 MIL
Home
Beverly Hills, CA
+$13.5 MIL

Trump Parc East
New York City
Sold 2 condos
+$5 MIL

Warehouse
T then there are Trump-size a risky bet or two: The president is worth $3.1 +$4.1 MIL
here are big dreams, and
most luxurious properties in the world.”
North Charleston, SC
In some ways, the Trump fortune could use
dreams, ones that demand
Land
capital letters and tower over billion (good for No. 275 on The Forbes 400), Dominican Republic
+$3.2 MIL
cities. They are what nudged the same as a year ago and down $400 million
Donald Trump’s grandfather Friedrich from from when he took office. But Don Jr. and Eric Trump International
Germany to New York to the Klondike gold are playing things conservatively, tending to Hotel &
Tower Chicago
rush; impelled the president’s father, Fred, to their properties, paying down debt and stock-
Sold parking spots
build an apartment empire in Brooklyn and piling a hoard of cash. Since their father’s in- +$300,000 (EST.)
Queens; and pushed Donald into Manhattan auguration, they have sold off $110 million of
Residential
skyscrapers and, eventually, the White House. the president’s real estate holdings—through real estate JOSH HEDGES-ZUFFA/GETTY IMAGES; SARAH SILBIGER/BLOOMBERG; DIMAS ARDIAN/BLOOMBERG; PHOTO ILLUSTRATIONS BY JOHN WEBER
When Trump took office and passed the more than 100 tiny transactions that have Norfolk, VA
reins to the fourth generation, his sons Eric mostly flown under the radar. +$150,000
and Don Jr. had grand ambitions too. But their In the Dominican Republic, the younger
plan—storm into America’s heartland with two Trumps sold a piece of land in January 2018
new licensed hotel brands—died earlier this for $3.2 million. It was the clearest violation
year after failing to gain traction. That forced of their father’s pledge to do no new foreign
the kids, hamstrung by their father’s pledge deals while in office. (The Trump Organiza-
not to expand internationally while in office, to tion would not comment for this story.) In
pursue a very un-Trumpian strategy. other cases, they’ve done business with wan- BY DAN ALEXANDER AND CHASE PETERSON-WITHORN
“If we have to slow down our growth for the nabe influencers who seemingly recognized
time being, we are happy to do it,” Eric Trump an opportunity to line the president’s pockets.
said in a statement when they scrapped the They sold Trump’s mansion in Beverly
hotel plans in February. Added Don Jr.: “When Hills for $13.5 million to a company tied to
politics are over, we will resume doing what Indonesian billionaire (and Trump business
ALL FIGURES AS OF
we do best, which is building the best and partner) Hary Tanoesoedibjo. They off-loaded SEPT. 13, 2019

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