Where does the fortune of Donald Trump come from?
Donald Trump is the 45th and current President of the United States. Before becoming president, he was a businessman and television personality. Trump was also the chairman and president of The Trump Organization. Most of his money was made in real estate in New York City, Las Vegas, and Atlantic City. His company, The Trump Organization is active in all different kinds of businesses. For example, it operates golf courses and luxury hotels all over the world. Other sources of income are real estate, entertainment TV shows and merchandise (Trump suits, Trump water and Trump perfume). Trumps total net worth today is estimated around 3 billion U.S. dollars.
How did the Trump family business develop?
Trump began his career at his father’s real estate company, the predecessor of The Trump Organization: Elizabeth Trump and Son. The company focused on middle-class rental housing in Brooklyn, Queens, and Staten Island. Later Trump developed many different real estate projects, including the Trump International Hotel and Tower in Honolulu, Trump International Hotel and Tower in Chicago, Trump International Hotel and Tower in Toronto and the Trump Tower in Tampa. In 2003, Trump became the executive producer and host of the NBC reality show The Apprentice, in which a group of competitors battled for a high-level management job in one of Trump’s commercial enterprises. For the first year of the show, Trump earned $50,000 per episode (roughly $700,000 for the first season), but following the show’s initial success, he was paid $1 million per episode. The Trump Organization today generates almost $10 billion in revenues and employs more than 20,000 people.
Is there a Donald Trump family office?
Yes, there is. And it’s one of the most obvious: The Trump Organization. His big holding company addresses all the personal and financial investment needs.
How does the Trump family office invest?
Donald Trump’s firm runs investments in all different kinds of businesses areas. Of course, he always seeks for luxurious real estate investments in the whole U.S., but his main target markets are Virginia, Illinois, Florida, New Jersey, Nevada, California, New York, and Hawaii. When it comes to investments in stock markets, Trump leaves the investment decisions to J.P. Morgan. An example for a company that he acquired is “Sentient Jets”. The firm works with an elite group of independent private jet operators to offer private flights to its clients. Besides of that, The Trump Organization holds a wide variety of companies active in the food and entertainment industry.
Picture source: History in HD