Do not think it was his daddy's money -- his daddy's organization for sure which Fred built-- what The Donald inherited was the continuation of the American dream to unbelievable success which began with his impoveraged grand parents coming from Germany in 1906 ====== https://en.wikipedia.org/wiki/The_Trump_Organization [excerpt] Donald Trump's grandparents Frederick Trump and Elizabeth Christ Trump were a German immigrant couple who moved to the borough of Queens in 1906. Frederick began developing real estate there. He died during the "Spanish flu" pandemic in 1918, leaving an estate valued at $31,359[22] (or about $535,381 in 2020). Elizabeth carried on in the real estate business after her husband's death. She had contractors build houses on the empty lots Frederick had owned, sold the houses, and earned income off the mortgages she provided to buyers.[23] [...] Donald Trump worked for his father's business while attending the University of Pennsylvania, and in 1968 officially joined the company.[29] In the early 1970s, Fred became chairman of the board while Donald was made president of the company.[45] Around 1973, he began referring to the business as the Trump Organization. The business had previously been referred to on occasion as the Fred C. Trump Organization,[48][49] the Fred Trump Organization,[50][51] or the Trump Organization,[52] but had not had a single formal name. [...] In 1997, Fred Trump transferred ownership of the bulk of his portfolio of apartment buildings to his four surviving children (Donald, Robert, Maryanne, and Elizabeth), submitting tax returns claiming the properties were worth $41.4 million.[71] Fred died in 1999.[43] In 2004, the four siblings sold the apartments for $737.9 million to a group led by Rubie Schron,[71] marking the family's exit from ownership of their father's business.[72][73][74] [....] As of 2019, Trump's net worth (as estimated by Forbes) was $3.1 billion, with about half of that coming from his New York City real estate holdings, and about a third coming from his national and international properties (including hotels and golf courses).[166] Licensing fees paid by outside owners for using Trump's name on their properties also contribute to his overall net worth.[167][168]
Selected completed properties
- The Trump World Tower at United Nations Plaza
- The Trump International Hotel and Tower (New York City) at Columbus Circle - Trump Tower, 725 Fifth Avenue, Midtown Manhattan: A 58-story[169] mixed-use tower, the headquarters of the Trump Organization, was developed in partnership with The Equitable, and opened in 1983. Trump bought out the Equitable's stake in 1986,[170] and now owns the office and retail components of the tower.[171] The building also contains the three-story penthouse apartment that was Donald Trump's primary residence until he moved to the White House.[172] The value of the tower was estimated at $450 million in 2017.[173] Trump took out a $100 million mortgage on the building in 2012.[171] - Trump World Tower, 845 United Nations Plaza, also in Midtown Manhattan: In 2006, Forbes magazine estimated "$290 million in profits and unrealized appreciation" going to Trump.[174] - AXA Financial Center in Manhattan and 555 California Street in San Francisco: Trump owns a 30 percent stake in these two office buildings, resulting from a property swap involving Riverside South. Trump's stake in the two buildings was estimated to be at least $850 million as of 2013.[171] - The Trump Building at 40 Wall Street: Trump bought and renovated this building for $1 million in 1995. The pre-tax net operating income at the building as of 2011 was $20.89 million and is valued between $350 million and $400 million, according to the New York Department of Finance. Trump took out a $160 million mortgage attached to the property with an interest rate of 5.71% to use for other investments.[171] Forbes valued the property at $260 million in 2006.[174] - Trump International Hotel and Tower Chicago: The entire project is valued at $1.2 billion ($112 million stake for Trump). - Trump International Hotel Las Vegas: A joint development with fellow Forbes 400 members, Phil Ruffin ("key partner"), and Jack Wishna ("minority partner").[175] In 2006, Trump's stake was estimated at $162 million.[174] In Forbes in March 2017, the Trump International Las Vegas was described as a 50-50 partnership between Donald Sr. and Ruffin, with Eric as the primary manager for the Trump Organization.[96] - Trump International Hotel and Tower New York: Trump provided his name and expertise to the building's owner (GE) during the building's re-development in 1994 for a fee totaling $40 million ($25 million for project management and $15 million in incentives deriving from the condo sales). Forbes values Trump's stake at $12 million. In March 2010, the penthouse apartment at Trump International Hotel & Tower in New York City sold for $33 million.[176][177] - Trump Park Avenue Park Avenue & 59th Street: It is valued at $142 million. Trump owns 23 apartments at Trump Park Avenue, which he rents for rates as high as $100,000 per month, and 19 units at Trump Parc.[171] - 6 East 57th Street: Trump has a leasehold interest on this retail building, adjacent to Trump Tower, through the year 2079.[178] The building was occupied by a Niketown store from 1996 to 2018.[178][179] The value of Trump's interest was estimated at $470 million as of 2015.[180] - Mar-a-Lago: A historic estate in Palm Beach, Florida, most of which was converted by Trump into a members-only resort. The property was worth as much as $250 million as of 2013.[171] Trump also owns two neighboring private houses, valued at $6.5 million and $3 million.[171] - Seven Springs: A 213-acre (86 ha) estate with a 13-bedroom mansion near Bedford, New York. Trump paid $7.5 million for the property in 1995.[181] Local brokers put the property's value at around $40 million as of 2013.[171] Trump had hoped to develop the land with a golf course or houses, but apparently abandoned those plans in 2015.[181] - Beverly Hills house: A 5-bedroom home purchased by Trump in 2007 for $7 million,[182] and valued between $8.5 and $10 million as of 2013.[171] Sold the property in June 2019, off-market, for $13.5 million.
Market Data 
Markets 
AI
