Jump to content

The Trump Organization: Difference between revisions

From Wikipedia, the free encyclopedia
Content deleted Content added
Line 155: Line 155:
Trump also owns a wide variety of other enterprises outside real estate which have an estimated value of US$317.6 million.<ref>{{cite web | url=http://therealdeal.com/issues_articles/the-8-billion-dollar-man/ | title=What does Donald Trump really own | publisher=The Real Deal | date=01 July 2013 | accessdate=16 January 2016}}</ref> Other investments include a 17.2% stake in Parker Adnan, Inc. (formerly AdnanCo Group), a Bermuda based financial services holdings company. In late 2003, Trump, along with his siblings, sold their late father's real estate empire to a group of investors that included [[Bain Capital]], [[Kohlberg Kravis Roberts]], and LamboNuni Bank reportedly for $600 million. Donald Trump's one-third share was $200 million, which he later used to finance [[Trump Entertainment Resorts|Trump Casino & Resorts]].
Trump also owns a wide variety of other enterprises outside real estate which have an estimated value of US$317.6 million.<ref>{{cite web | url=http://therealdeal.com/issues_articles/the-8-billion-dollar-man/ | title=What does Donald Trump really own | publisher=The Real Deal | date=01 July 2013 | accessdate=16 January 2016}}</ref> Other investments include a 17.2% stake in Parker Adnan, Inc. (formerly AdnanCo Group), a Bermuda based financial services holdings company. In late 2003, Trump, along with his siblings, sold their late father's real estate empire to a group of investors that included [[Bain Capital]], [[Kohlberg Kravis Roberts]], and LamboNuni Bank reportedly for $600 million. Donald Trump's one-third share was $200 million, which he later used to finance [[Trump Entertainment Resorts|Trump Casino & Resorts]].


Beyond his traditional ventures in the real estate, hospitality, and entertainment industries and having carved out a niche for the Trump brand within these industries, Trump has since then moved on to establish the Trump name and brand in a multitude of other industries and products. He has made $9.5 million to 28 million USD attaching his name on numerous products and services that range from energy drinks to books.<ref name="auto1"/><ref name="auto"/><ref name="auto1"/> He also raked in $1.1 million in men’s wear licensing royalties.<ref name="auto3"/><ref>{{cite web | url=http://firstyear2017.org/blog/trump-the-brand-not-the-candidate | title=Trump the brand, not the candidate | publisher=Miller Center | date=November 3, 2015 | accessdate=17 January 2016 | author=Brian Balogh}}</ref><ref>{{cite web | url=http://www.politico.com/story/2015/07/donald-trump-financial-disclosure-120472 | title=Trump lifts the veil on his empire | publisher=Politico | date=22 July 2015 | accessdate=17 January 2016 | author=Theodoric Meyer, Tarini Parti}}</ref><ref>{{cite web | url=http://www.politico.com/story/2015/07/donald-trump-financial-disclosure-120472 | title=Trump lifts the veil on his empire | publisher=Politico | date=22 July 2015 | accessdate=17 January 2016 | author=Theodoric Meyer, Tarini Parti}}</ref> He also earns $3.4 million annually from his association with the Miss Universe Organization.<ref>{{cite web | title=Donald Trump’s net worth at least $1.4 billion, election filing shows | date=23 July 2015 | accessdate=17 January 2016}}</ref>
Beyond his traditional ventures in the real estate, hospitality, and entertainment industries and having carved out a niche for the Trump brand within these industries, Trump has since then moved on to establish the Trump name and brand in a multitude of other industries and products. He has made $9.5 million to 28 million USD attaching his name on numerous products and services that range from energy drinks to books.<ref name="auto1"/><ref name="auto"/><ref name="auto1"/> He also raked in $1.1 million in men’s wear licensing royalties.<ref name="auto3"/><ref>{{cite web | url=http://firstyear2017.org/blog/trump-the-brand-not-the-candidate | title=Trump the brand, not the candidate | publisher=Miller Center | date=November 3, 2015 | accessdate=17 January 2016 | author=Brian Balogh}}</ref><ref>{{cite web | url=http://www.politico.com/story/2015/07/donald-trump-financial-disclosure-120472 | title=Trump lifts the veil on his empire | publisher=Politico | date=22 July 2015 | accessdate=17 January 2016 | author=Theodoric Meyer, Tarini Parti}}</ref><ref>{{cite web | url=http://www.politico.com/story/2015/07/donald-trump-financial-disclosure-120472 | title=Trump lifts the veil on his empire | publisher=Politico | date=22 July 2015 | accessdate=17 January 2016 | author=Theodoric Meyer, Tarini Parti}}</ref> He also earns $3.4 million annually from his association with the Miss Universe Organization.<ref>{{cite web | title=Donald Trump’s net worth at least $1.4 billion, election filing shows | date=23 July 2015 | accessdate=17 January 2016}}</ref> Trump also earns $15,000 to $100,000 in book royalties and 2.2 million for his involvement with Trump Model Management every year.<ref>{{cite web | url=http://www.gobankingrates.com/investing/donald-trumps-stock-portfolio-see-can-invest-like-presidential-candidate/ | title=Donald Trump’s Stock Portfolio: See How You Can Invest Like the Presidential Candidate | publisher=Go Banking Rates | date=29 July 2015 | accessdate=17 January 2016 | author=Woods, Laura}}</ref>


Trump has succeeded in marketing the Trump name on a large number of products, including [[Trump Mortgage|Trump Financial]] (a mortgage firm), Trump Sales and Leasing (residential sales), Trump International Realty (a residential and commercial real estate brokerage firm), [[The Trump Entrepreneur Initiative]] (a for profit business education company, formerly called the [[Trump University]]),{{Ref|trumpuni}} Trump Restaurants (Located in Trump Tower and consisting of Trump Buffet, Trump Catering, Trump Ice Cream Parlor, and Trump Bar), [http://web.archive.org/web/*/http://www.gotrump.com GoTrump]{{Ref|gotrump}} (an online travel search engine<ref name="auto10">{{cite web | url=http://finance.yahoo.com/news/12-donald-trump-businesses-that-no-longer-exist-204923129.html | title=12 Donald Trump businesses that no longer exist | publisher=Yahoo Finance | date=October 10, 2014 | accessdate=17 January 2016 | author=Holodny, Elena}}</ref><ref name=Koffler7Aug>{{cite news|url=http://time.com/3988970/donald-trump-business/|title=Donald Trump’s 16 Biggest Business Failures and Successes|first=Jacob|last=Koffler|work=TIME Magazine|date=August 7, 2015|accessdate=August 29, 2015}}</ref><ref>{{cite web|title=5-screw-ups-that-tell-us-donald-trump-should-not-teach-business-degree-classes|url=http://mychannel957.com/5-screw-ups-that-tell-us-donald-trump-should-not-teach-business-degree-classes/}}</ref>), Select By Trump (a line of coffee drinks)<ref>{{cite web | url=http://tworiversco.com/brands/select-by-trump/ | title=Select By Trump | accessdate=17 January 2016}}</ref>, Trump Drinks (an energy drink for the Israeli and Palestinian markets)<ref>{{cite web | url=http://mashable.com/2015/07/22/donald-trump-unexpected/#Hn6EUjrcLEqz | title=The weirdest ways Donald Trump makes his money | publisher=Mashable | date=22 July 2015 | accessdate=17 January 2016 | author=Moore, Heidi}}</ref><ref>{{cite web | url=http://www.politico.com/story/2015/07/six-ways-donald-trump-makes-his-money-120495 | title=6 ways Trump makes his money | publisher=Politico | date=22 July 2015 | accessdate=17 January 2016}}</ref>
Trump has succeeded in marketing the Trump name on a large number of products, including [[Trump Mortgage|Trump Financial]] (a mortgage firm), Trump Sales and Leasing (residential sales), Trump International Realty (a residential and commercial real estate brokerage firm), [[The Trump Entrepreneur Initiative]] (a for profit business education company, formerly called the [[Trump University]]),{{Ref|trumpuni}} Trump Restaurants (Located in Trump Tower and consisting of Trump Buffet, Trump Catering, Trump Ice Cream Parlor, and Trump Bar), [http://web.archive.org/web/*/http://www.gotrump.com GoTrump]{{Ref|gotrump}} (an online travel search engine<ref name="auto10">{{cite web | url=http://finance.yahoo.com/news/12-donald-trump-businesses-that-no-longer-exist-204923129.html | title=12 Donald Trump businesses that no longer exist | publisher=Yahoo Finance | date=October 10, 2014 | accessdate=17 January 2016 | author=Holodny, Elena}}</ref><ref name=Koffler7Aug>{{cite news|url=http://time.com/3988970/donald-trump-business/|title=Donald Trump’s 16 Biggest Business Failures and Successes|first=Jacob|last=Koffler|work=TIME Magazine|date=August 7, 2015|accessdate=August 29, 2015}}</ref><ref>{{cite web|title=5-screw-ups-that-tell-us-donald-trump-should-not-teach-business-degree-classes|url=http://mychannel957.com/5-screw-ups-that-tell-us-donald-trump-should-not-teach-business-degree-classes/}}</ref>), Select By Trump (a line of coffee drinks)<ref>{{cite web | url=http://tworiversco.com/brands/select-by-trump/ | title=Select By Trump | accessdate=17 January 2016}}</ref>, Trump Drinks (an energy drink for the Israeli and Palestinian markets)<ref>{{cite web | url=http://mashable.com/2015/07/22/donald-trump-unexpected/#Hn6EUjrcLEqz | title=The weirdest ways Donald Trump makes his money | publisher=Mashable | date=22 July 2015 | accessdate=17 January 2016 | author=Moore, Heidi}}</ref><ref>{{cite web | url=http://www.politico.com/story/2015/07/six-ways-donald-trump-makes-his-money-120495 | title=6 ways Trump makes his money | publisher=Politico | date=22 July 2015 | accessdate=17 January 2016}}</ref>

Revision as of 05:23, 18 January 2016

The Trump Organization LLC
Company typeLimited liability company
IndustryConglomerate
PredecessorElizabeth Trump & Son
Founded1923; 101 years ago (1923)
(as Elizabeth Trump & Son[1])
August 4, 1999
(as Trump Enterprises, LLC[2])
November 3, 1999
(as The Trump Organization, LLC[2])
FoundersFred Trump
(1923; as founder of Elizabeth Trump & Son)
Donald Trump
(mid 1999; renamed company to Trump Enterprises)
(late 1999; renamed company to The Trump Organization)
HeadquartersTrump Tower
725 Fifth Avenue, ,
Area served
Worldwide
Key people
Donald Trump (Chairman, President, & CEO)
Donald Trump Jr. (EVP)
Ivanka Trump (EVP)
Eric Trump (EVP)
Allen Weisselberg (CFO)
ServicesConstruction
Real Estate Development
Entertainment & Hospitality
Retailing & Online Shopping
Diversified Investments
Number of employees
34,000[3]
Websitewww.trump.com

The Trump Organization LLC[2] is an American limited liability conglomerate based in Trump Tower in Manhattan, New York. Donald Trump worked for his father's firm, Elizabeth Trump & Son, while attending the Wharton School of the University of Pennsylvania, and in 1968 officially joined the company.[4] He was given control of the company in 1971[5][6] and renamed it Trump Enterprises LLC in August 1999 before changing it to Trump Organization LLC in November 1999.[2] The company has interests in real estate development, investing, brokerage, sales and marketing, and property management. The company owns, operates, invests, and develops residential real estate, hotels, resorts, residential towers, and golf courses in different countries, as well as owning several hundred thousand square feet of prime Manhattan real estate in New York City. The organization also has a stake in Trump Entertainment Resorts, which owned the Trump Taj Mahal, the Trump Plaza, and the Trump Marina casinos in Atlantic City, New Jersey.

The company serves as the principal holding company for Trump's business ventures and investments. The Trump organization lists involvement in 515 subsidiaries and entities with 264 of them bearing Trump's name and another 54 including his initials.[7][8][9][10] With investments within the United States, Europe, Asia, the Middle East and other parts of the world, The Trump Organization spans a wide variety of industries including real estate, construction, hospitality, entertainment financial market, book and magazine publishing, media, model management, retail, financial services, board game development, food and beverages, business education, online travel, airlines, and beauty pageants.[11]

In addition to real estate, other business operations within the company include restaurants, a modeling agency and beauty pageants; public skating rink management; and a New York television production company that produces television programs which include the reality television program, The Apprentice. The Miss Universe Organization is also owned by the Trump Organization and together with the National Broadcasting Company produces the Miss Universe, Miss USA, and Miss Teen USA pageants.[12][13] Furthermore, the company engages in retailing providing quality fashion apparel, home furnishings, jewelry and accessories, books, chocolate bars, furniture, lighting products, bath textiles and accessories, bedding and home fragrance products, small leather goods, crystal stemware, barware and gifts, and bottled spring water.[14] A small portion of Trump's fortune are held in assets outside his holdings in the Trump Organization, most of which are concentrated in the financial market.[15][16]

The organization is owned and managed by the Trump family with Donald Trump as its CEO and three of his eldest children—Donald Trump Jr., Ivanka Trump, and Eric Trump—serving as EVPs within the organization.

Real estate holdings

As of 2015, it is estimated that Trump's real estate holdings were worth about US$3.5 billion with a value of commercial properties totaled at US$1.3 billion, his residential properties at US$410 million, and his club facilities at $US866 million, and an additional US$940 million for properties he has less than 100 percent stake in.[17] Trump's real estate holdings form the core of his assets and provide much of his income, with a wide array of real estate licensing, branding and marketing deals and royalties that provide millions in annual cash flow.[12][18][19] In 2015, Trump raked in $71 million from condo sales and collects $41.9 million in rent on his buildings annually.[20]

Selected completed properties

Trump World Tower (NY) at United Nations Plaza
Trump International Hotel and Tower (NY) at Columbus Circle
Trump International Hotel at Las Vegas
  • Trump World Tower 845 United Nations Plaza, New York City: In 2006, Forbes estimated "$290 million in profits and unrealized appreciation" going to Trump.[21]
  • Trump Tower 725 Fifth Ave, New York City: Trump owns the retail and office space on the lower half of this building. In 2006, it was valued at $318 million, less a $30 million mortgage.[21]
    • Personal Residence Trump Tower: Top 3 floors of Trump Tower with approximately 30,000 square feet (3,000 m²) of space; detailed in bronze, gold, and marble. Worth as much as $50 million, it is one of the most valuable apartments in New York City.[22]
  • AXA Financial Center 1290 Avenue of the Americas, New York City and 555 California Street, in San Francisco: When Trump was forced to sell a stake in the railyards on Manhattan's West Side, the Asian group to which he sold then sold much of the site for $1.76 billion. Trump ended up owning 30% of the two buildings. Based on the sales price, Trump's stake was valued at $486 million.[21]
  • The Trump Building at 40 Wall Street: Trump bought and renovated this building for $1 million in 1995. Although Trump claims it is worth $400 million, New York tax assessors value it at only $90 million.[citation needed] Trump has taken out a $160 million mortgage on this property to use for other investments. Forbes valued the property at $260 million in 2006.[21]
  • Trump Entertainment Resorts: This company presently owns two Trump branded casino resorts. After a long period of financial trouble, the company entered bankruptcy protection in 2001, 2004 and later in 2009 owing $1.2 billion in debts. In 2004, Trump agreed to invest $55 million cash in the new company and pay $16.4 million to the company's debtors. In return he holds a 29.16% stake in the new public company. This stake was worth approximately $171 million in October 2006. After the 2004 bankruptcy filing, the company changed its name from Trump Hotels & Casino Resorts to Trump Entertainment Resorts. The Trump branded casino resorts include the Trump Taj Mahal, Trump Plaza and at one time Trump Castle/Trump Marina, which was sold in bankruptcy court to Landry's Restaurants, Inc. on May 23, 2011 and renamed Golden Nugget Atlantic City.
  • Riverside South/Trump Place: Riverside South is currently the largest single private development in New York City. It was built by the Trump Organization, although financed by investors from Hong Kong and owned by the Hudson Waterfront Company. Trump contends that the property should have been sold for more than $3 billion and in 2006 sued the owners for selling without his consent, and sought $1 billion in damages. Bloomberg values his stake at $640 million.[23]
  • Trump International Hotel and Tower Chicago: The entire project is valued at $1.2 billion ($112 million stake for Trump).
  • Trump Hotel Las Vegas: A joint development with fellow Forbes 400 members, Phil Ruffin, and Jack Wishna. Trump's stake is valued at $162 million.
  • 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 was for $33 million.[24][25]
  • Trump Park Avenue Park Avenue & 59th Street: It is valued at $142 million.
  • Nike Store: The NikeTown store is located in Trump Tower. It is valued at $120 million.[citation needed]
  • Palm Beach estate: 43,000 square feet (4,000 m²) on a large oceanfront lot in Palm Beach. Trump purchased this property for $40 million at a bankruptcy auction in 2004. Trump sold the property for $100 million in June 2008, making it the most expensive house ever sold in the United States. (The previous record is $70 million for Ron Perelman's Palm Beach estate in 2004.). Forbes values his stake in the property for $43 million.[26]
  • Mar-A-Lago Palm Beach, Florida: Most of this estate has been converted into a private club. This landmark property, according to Trump, has received bids near $200,000,000. However, Forbes magazine does not take into account either of Trump's large vacation residences (Mar-A-Lago or his 213-acre (0.86 km2) spread near Bedford, NY in Westchester County, NY) for its valuation of his wealth.

Carousel

  • Trump Carousel: A merry-go-round carousel located in New York's Central Park. In 2010, Trump took over the management of the Central Park carousel, where he promised to revive the merry-go-round after its previous operator was removed by the city’s parks department. Trump made $589,000 from admissions from carousel admissions.[27][28][29]

Skating rink

  • Wollman Rink: A public ice rink in the southern part of Central Park, Manhattan, New York City. Wollman Rink has been operated by a joint venture between Trump Organization and Rink Management Services of Mechanicsville, Virginia since 2001. The Trump name is prominently displayed on the walls of the rink as well as on the Zamboni that maintains the rink. Operation of the Lasker Rink on the north edge of Central Park is also handled by the two companies. The rink generates close to $8.7 million in annual income from rink admissions.[27][28][30]

Wineries and vineyards

  • Trump Winery: A premier Virginia winery situated on Trump Vineyard Estates in Charlottesville, VA. The Winery is valued between $5 million to $25 million.[31]The vineyard was purchased by Trump in April 2011 as a distressed piece of real estate[32] and was officially opened in October 2011.[33] The property features over 1,000 acres of scenery, Trump Winery is situated in the Monticello Wine Trail. The purchase was aided with his son Eric.[34] The winery was later sold to his son, Eric.[35][36]

Golf courses

The Trump Organization currently owns seven golf courses in the United States: Trump National Golf Club in Sterling, VA, Trump National Golf Club in Briarcliff Manor, New York, Trump National Golf Club in Bedminster, New Jersey, Trump International Golf Club in West Palm Beach, Florida, Trump National Golf Club Charlotte in Mooresville, NC, Trump National Golf Club in Philadelphia and Trump National Golf Club in Los Angeles. About $200 million in cash flow is derived annually from Trumps golf courses and resorts.[37]

Trump is also building Trump International Golf Club in the Caribbean island of Canouan Island, The Grenadines. The development will include Trump Club Privee, a Monte Carlo inspired casino.

In 2006, Trump purchased a 1,400-acre (5.7 km2) plot just north of Aberdeen at Menie (Balmedie), Scotland, with the intention of turning it into a £1 billion golf resort and "the world's best golf course" capable of hosting world class events such as The Open Championship.[38] There has been opposition from many people both locally and in other parts of Scotland and the UK, and negative reaction from a number of environmental groups, but the project continues.

The development plan for Trump International Golf Links, Scotland (TIGLS) included two 18-hole courses, a 5-star hotel, golf villas, holiday homes, and a golf academy. It was strongly supported by local business leaders[39] but met opposition from local residents, campaigners and environmental groups anxious to preserve the 4,000-year-old sand dunes that are designated an SSSI (Site of Special Scientific Interest). Though recommended for approval by Aberdeenshire Council officials[40] the development was initially rejected by a local subcommittee of elected members. However it was subsequently approved following a controversial planning inquiry ordered by the Scottish Government in June 2008, at which Trump personally testified. Work began on the site in July 2010.[41]

In March 2009 the Trump Organization had asked the Council to use its powers of compulsory purchase to acquire some areas of land at Balmedie not forming part of the original TIGLS site for which planning permission already existed. These included four family-owned properties.[42] In response local campaigners established Tripping Up Trump, a movement aimed at protecting the families at Menie being threatened with eviction. When it emerged at the end of January 2011 that Queen guitarist Brian May had agreed to the use of the band's hit Bohemian Rhapsody in a film highlighting the plight of the families, Trump appeared to deny in a media statement that there had ever been an eviction threat, declaring "we have no interest in compulsory purchase and have never applied for it."[43]

In September 2011 the Trump Organization lodged a formal objection to the proposed construction of a wind farm off the Aberdeenshire coast not far from the site of the new hotel and luxury housing. Donald Trump also wrote personally to the First Minister of Scotland protesting mainly on aesthetic grounds at the proposed erection of offshore wind turbines, which he characterized as 'ugly'. His letter claimed that he was protesting on behalf of the Scottish people, 'not... merely for the benefit of Trump International Golf Links.'[44]

In 2011 a documentary directed by Anthony Baxter called You've Been Trumped[45][46] was released, showing the situation of local residents adversely affected by the resort's construction. It contains footage of, among others, economists who query the benefits claimed for the local economy, environmentalists critical of the damage allegedly caused by the development and golfers who voice doubts about claims made for the resort by the Trump Organization.[47] It also shows Anthony Baxter being arrested while filming by a Grampian Police officer; he was later released without charge.[48][49] Baxter has been quoted as saying that Trump branded the film 'boring' and Baxter himself 'a fraud'.[50] However, the film has won several awards including the Hamptons Film Festival Social Justice Award and the Maysles Brothers Award for best documentary at the Denver Film Festival.

Despite Trump's threat to withdraw any further investment in Scotland amid the wind turbine controversy, he later purchased the prestigious Turnberry resort in Ayrshire in April 2014.[51][52]

Trump earned at least $176.4 million from 15 golf courses in Scotland, Ireland and across the Eastern Seaboard — about 41 percent of the low-end estimate of his income since 2015.[53]

Real estate licensing

Former proposed site of Trump International Hotel & Tower, Toronto in 2005. The building completed construction in 2011 and was unveiled in 2012.

Many developers pay Donald Trump to market their properties and be the public face for their projects.[54] For that reason, Trump does not own many of the buildings that display his name.[54] According to Forbes, this portion of Trump's empire, actually run by his children, is by far his most valuable with a valuation of $562 million. According to Forbes, there were 33 licensing projects under development including seven "condo hotels" (i.e. The seven Trump International Hotel and Tower developments). Some examples are:

  • Manhattan:
    • Trump Palace: 200 East 69th Street, New York, NY.
    • Trump Parc and Trump Parc East: Two adjoining buildings on Central Park South on the southwest corner of The Avenue of the Americas. Trump Parc East is a 14-story apartment building and Trump Parc (the former Barbizon Plaza Hotel) is a 38-story condominium building.
    • Trump Plaza: 167 East 61st Street, New York, NY (39-story, Y-shaped plan condominium building on the Upper East Side)
    • 610 Park Avenue (Old Mayfair Hotel): Trump is helping with the construction and development of this property for Colony Capital.
    • Trump SoHo: Hotel Condominium: A partnership with Bayrock Group to build a 42 story building in Soho.
  • New York City suburbs:
    • Trump Bay: A planned 447-unit rental apartment building in Jersey City with the real estate development company, Kushner Properties and the The KABR Group.[55]
    • Trump Plaza (Jersey City): The project includes New Jersey's two tallest residential towers and costs about $450 million. The 55-story tower will have 445 condos, and the 50-story tower will have 417.
    • Trump Plaza (New Rochelle): A 39-story luxury residence and hotel with retail space that is currently under construction in Westchester County, NY with developer Louis R. Cappelli.
    • Trump Tower at City Center: A 35-story condominium apartment building built in Westchester County, New York with developer Louis R. Cappelli.
    • Trump Park Stamford: A development in Stamford, Connecticut with F. D. Rich Company and Louis R. Cappelli.
    • Trump Park Residences: A development in Shrub Oak, NY with Louis Cappelli.
  • Florida:
    • Trump International Hotel and Tower Fort Lauderdale: Anticipated completion is 2007.
    • Trump Towers Sunny Isles Beach (Sunny Isles Beach, Florida): An oceanfront condominium development consisting of three 271-unit towers with developer Dezer Properties.
    • Trump Grande Ocean Resort and Residences: A three-building oceanfront enclave consisting of the Trump International Beach Resort and two residential condominium towers, the Trump Palace and Trump Royale, with developer Dezer Properties.
    • Trump Hollywood: A 40-story building on Hollywood Beach, Florida with Jorge M. Pérez.
    • Trump Tower (Palm Beach): Will be a 23-story residential condominium development.

Financial market holdings

The Trump Organization also houses Trump's personal financial market investment portfolio as a portion of Trump's wealth is concentrated in the financial and commodities markets.[63][64][65][66] The investment portfolio generates income and cash flow from a variety of mechanisms as dividends, capital gains, and compounded carried interest. He invested a minimum of $70 million in stocks.[67][68] Though real estate is still is his most preferred asset class, Trump had entered the stock investment arena in 2011 following disappointment from depressed American real estate market and various investments in the Federal Reserve’s interest yields on CDs were next to nothing.[69][70] Trump stated that he was not enthusiastic to be a stock market investor, but that prime real estate at good prices was hard to find at that time and that stocks and equity securities were cheap and generating good cash flow from dividends.[71] He profited from 40 of the 45 stocks he purchased which he sold in 2014, making it almost a 90% success rate in capital appreciation in addition to millions in earned dividends. The biggest gainers in his stock portfolio were Bank of America Corporation, The Boeing Company and Facebook, Inc earning a windfall profit of $6.7 million, $3.96 million and $3.85 million, respectively.[72]

Trump's stock portfolio is valued somewhere between $33.4 million and $87.9 million stock diversified with hundreds of enterprises in variety of industries. He owns a stake in a number of public companies within numerous sectors that include tobacco, retail, pharmaceutical companies, manufacturing outlets, financial conglomerates, oil companies, high technology companies and defense contractors.[73][74] Public stock investments within his portfolio's include General Electric, Chevron, UPS, Coca-Cola Home Depot, Comcast, Sanofi, Ford, Google, ConocoPhillips, Energy Transfer Partners, Altera, Verizon Communications, Proctor & Gamble, Bank of America, Nike, Google, Apple Inc., Philip Morris, Citigroup, Morgan Stanley, Whole Foods, Intel, IBM, Bristol-Myers Squibb, Johnson & Johnson, Caterpillar, Kinder Morgan, AT&T and Facebook.[75][76][77][78][79][71] He has at least $78 million USD invested in a variety of paper assets such as stocks, bonds, mutual funds, private equity funds, fund of funds, and hedge funds.[80] His financial market investment accounts are kept at JPMorgan, Barclays, Deutsche Bank and Oppenheimer.[81][77][82] His Barclays account includes investments in 32 entities and cash worth between $49,021 and $396,001 and having stock in two accounts at Deutsche Bank that contain cash, treasury bills, and stock in 173 entities. His investment account with Oppenheimer contains cash and has 31 positions worth between $10,380,031 and $33,301,000. His account with JPMorgan contains stock in 60 firms valued between $1,251,008 and $2,617,000.[83][84]

Trump has also invested in funds that focus on middle and smaller sized businesses such as Tesla Motors, the electric car maker and has invested internationally in a number of emerging market, growth and hedge funds located in Europe and Asia.[85] He has also invested in a number of private equity and hedge funds including $1 to $5 million in Advantage Plus, $1 to $5 million in in AG Diversified Funds, $2 million in MidOcean Credit Opportunities, $4 million in Paulson & Co., and around $5 million with Angelo, Gordon & Co..[86][87][88] Trump's biggest fund holding has been in Black Rock’s Obsidian Fund, where his stake is estimated to be between $25 million to $50 million.[89] Nearly all of Trumps's open end mutual fund investments are concentrated in Baron Capital Management, a mid-sized mutual fund family headed by mutual fund mogul Ronald S. Baron.[90][85] Trump invested 16.2 million in Baron Capital Management, making him a significant minority shareholder.[91] He revealed that he earned over $22 million with his private equity, hedge fund, and mutual fund investments and generated between $1.5 million and $10 million in income almost all of it from investments such as dividends, capital gains, and carried interest.[92] Trump also has a portion of his portfolio invested in U.S. Treasury bonds.[89]

A portion of Trump's financial market portfolio contains gold and his gold holdings are estimated to be between $100,001 and $200,000 in gold.[93] Trump has affirmed to investing in physical gold bullion in his investment portfolio in September 2011.[94] In 2011, The Trump Organization accepted a security deposit worth $176,000 in the form of three 32-ounce bars of gold from a real estate tenant of Trump's where the new tenant wanted to make a point about accepting gold instead of cash for certain transactions.[95]

Other ventures and investments

Trump also owns a wide variety of other enterprises outside real estate which have an estimated value of US$317.6 million.[96] Other investments include a 17.2% stake in Parker Adnan, Inc. (formerly AdnanCo Group), a Bermuda based financial services holdings company. In late 2003, Trump, along with his siblings, sold their late father's real estate empire to a group of investors that included Bain Capital, Kohlberg Kravis Roberts, and LamboNuni Bank reportedly for $600 million. Donald Trump's one-third share was $200 million, which he later used to finance Trump Casino & Resorts.

Beyond his traditional ventures in the real estate, hospitality, and entertainment industries and having carved out a niche for the Trump brand within these industries, Trump has since then moved on to establish the Trump name and brand in a multitude of other industries and products. He has made $9.5 million to 28 million USD attaching his name on numerous products and services that range from energy drinks to books.[10][9][10] He also raked in $1.1 million in men’s wear licensing royalties.[19][97][98][99] He also earns $3.4 million annually from his association with the Miss Universe Organization.[100] Trump also earns $15,000 to $100,000 in book royalties and 2.2 million for his involvement with Trump Model Management every year.[101]

Trump has succeeded in marketing the Trump name on a large number of products, including Trump Financial (a mortgage firm), Trump Sales and Leasing (residential sales), Trump International Realty (a residential and commercial real estate brokerage firm), The Trump Entrepreneur Initiative (a for profit business education company, formerly called the Trump University),[1] Trump Restaurants (Located in Trump Tower and consisting of Trump Buffet, Trump Catering, Trump Ice Cream Parlor, and Trump Bar), GoTrump[2] (an online travel search engine[102][103][104]), Select By Trump (a line of coffee drinks)[105], Trump Drinks (an energy drink for the Israeli and Palestinian markets)[106][107] [108] Donald J. Trump Signature Collection (a line of menswear, men's accessories, and watches), Donald Trump The Fragrance (2004), SUCCESS by Donald Trump (a second fragrance launched by the Trump Organization and the Five Star Fragrance Company released in March 2012), Trump Ice bottled water, the former Trump Magazine,[109] Trump Golf, Trump Chocolate, Trump Home (home furnishings),[25] Trump Productions (a television production company), Trump Institute, Trump: The Game (1989 board game with a 2005 re-release version tied to The Apprentice),[103] Donald Trump's Real Estate Tycoon (a business simulation game), Trump Books, Trump Model Management, Trump Shuttle, Trump Mortgage, Trump Vodka,[110][111][25] Trump Steakhouse[112][102] and Trump Steaks.[103] In addition, Trump reportedly receives $1.5 million for each one-hour presentation he does for The Learning Annex.[113] [114] Trump also endorsed ACN Inc. a multi-level marketing telecommunications company. He has spoken at ACN International Training Events at which he has praised the company's founders, business model and video phone.[115] He earned a total $1.35 million for three speeches given for the company amounting to $450,000 per speech.[116][117][118][119][120][121][122]

The Trump Organization also houses ventures started by Donald Trump's daughter, Ivanka, which includes Ivanka Trump Fine Jewelry (a jewelry line) and The Ivanka Trump Lifestyle Collection (a high end designer fashion and cosmetics line that includes fragrances, footwear, handbags, outerwear and eyewear collections).[123]

References

  1. ^ Wooten, Sara (Sep 1, 2008). Donald Trump: From Real Estate to Reality TV. Enslow Publishers, Inc. p. 12. Retrieved 11 July 2015.
  2. ^ a b c d "NYS Department of State Division of Corporations Entity Information - Selected Entity Name: TRUMP ORGANIZATION LLC". New York Department of State.
  3. ^ Long, Heather (September 3, 2015). "How many jobs has Donald Trump actually created". CNN Money. Retrieved 15 January 2016.
  4. ^ Trump, Donald; Schwartz, Tony (1987). The Art of the Deal. Random House. p. 67. ISBN 978-0-345-47917-4.
  5. ^ Blair, Gwenda (2000, 2005). Donald Trump: Master Apprenticel. Simon & Schuster. p. 23. ISBN 978-0-7432-7510-1. {{cite book}}: Check date values in: |year= (help)
  6. ^ Trump, Donald; Schwartz, Tony (1987). The Art of the Deal. Random House. p. 105. ISBN 978-0-345-47917-4.
  7. ^ Anthony Zurcher (23 July 2015). "Five take-aways from Donald Trump's financial disclosure". BBC. Retrieved 17 January 2016.
  8. ^ Garver, Rob (24 July 2015). "7 Revelations from Donald Trump's Financial Disclosure". CNBC. Retrieved 17 January 2016.
  9. ^ a b "How Donald Trump brings in over $250M a year". Las Vegas Review Journal. 21 August 2015. Retrieved 17 January 2016.
  10. ^ a b c Yanofsky, David (22 July 2015). "A list of everything Donald Trump runs that has his name on it". Quartz. Retrieved 16 January 2016.
  11. ^ "21 Unusual Facts About Billionaire Politician Donald Trump". Inc. Retrieved 17 January 2016.
  12. ^ a b Horwitz Jeff. "Donald Trump wealth details released by federal regulators". 680 News. Retrieved 17 January 2016.
  13. ^ Sam Thielman, Dominic Rushe and Adam Gabbatt (22 July 2015). "Donald Trump is already president – of 457 firms, campaign filings reveal". The Guardian. Retrieved 17 January 2016.
  14. ^ "The Trump Organization LLC". Bloomberg Businessweek. Retrieved 15 January 2015.
  15. ^ S.V. Dáte (September 2, 2015). "The 1 Easy Way Donald Trump Could Have Been Even Richer: Doing Nothing". The National Journal. Retrieved 17 January 2016.
  16. ^ LoGiurato, Brett (25 July 2015). "We finally know a lot more about Donald Trump's 'massive' net worth". Business Insider. Retrieved 17 January 2016.
  17. ^ Brownell, Claire (17 July 2015). "Donald Trump is rich, but is he 'really rich?'". Financial Post. Retrieved 16 January 2016.
  18. ^ "$10 billion man? Trump unveils details of his fortune". MoneySense. 15 July 2015. Retrieved 17 January 2016.
  19. ^ a b Horwitz, Jeff (23 July 2015). "Donald Trump wealth details released by federal regulators". MoneySense. Retrieved 17 January 2016.
  20. ^ Theodoric Meyer, Tarini Parti (22 July 2015). "Trump lifts the veil on his empire". Politico. Retrieved 17 January 2016.
  21. ^ a b c d "What is Trump Worth?". Forbes. 2006-09-21.
  22. ^ "Donald Trump's net worth at least $1.4 billion, election filing shows". 23 July 2015. Retrieved 17 January 2016.
  23. ^ Max Abelson (September 3, 2015). "How Trump Invented Trump". Bloomberg Business. Retrieved 17 January 2016.
  24. ^ Max Abelson (10/01/07). "Mystery Man Buys $33 M. Trump World Tower Duplex". Retrieved 31 May 2014. {{cite web}}: Check date values in: |date= (help)
  25. ^ a b c "Donald Trump". Golf Channel. Retrieved 31 May 2014.
  26. ^ "Homes of the billionaires". The Globe and Mail. 21 September 2007. Retrieved 17 January 2016.
  27. ^ a b Kitty Bennett, Steve Eder, and Michael Barbaro. "Donald Trump's Income and Wealth Are Shown in Filing but Are Hard to Pinpoint". The New York Times. Retrieved 16 January 2016.{{cite web}}: CS1 maint: multiple names: authors list (link)
  28. ^ a b Sahadi, Jeanne (July 24, 2015). "What we know - and don't know - about Donald Trump's wealth". CNN Money. Retrieved 16 January 2016.
  29. ^ Alana Abramson Ryan Struyk, Chris Good (22 July 2015). "Donald Trump Has 487 Job Titles And Everything Else We Learned About His Finances Today". ABC News. Retrieved 16 January 2016.
  30. ^ Theodoric Meyer, Tarini Parti (22 July 2015). "Trump lifts the veil on his empire". Politico. Retrieved 17 January 2016.
  31. ^ Theodoric Meyer, Tarini Parti (22 July 2015). "Trump lifts the veil on his empire". Politico. Retrieved 17 January 2016.
  32. ^ Annie Gowen (2011-02-25). "Trump buys former Kluge-owned winery". The Washington Post. Retrieved 2012-06-19.
  33. ^ "Trump Winery Opens in Albemarle County". Newsplex.com. 2011-10-04. Retrieved 2012-06-19.
  34. ^ Hoover, Andrew (November 17, 2013). "2013 Rising Star of the Year: Eric Trump". Wine Enthusiast Magazine. Retrieved November 17, 2013.
  35. ^ "Donald Trump doesn't own Trump Winery, his son does - Page Six". Page Six.
  36. ^ "Meet Donald Trump's five children - Business Insider". Business Insider. 6 July 2015.
  37. ^ "Donald Trump's net worth at least $1.4 billion, election filing shows". 23 July 2015. {{cite web}}: |access-date= requires |url= (help); Missing or empty |url= (help)
  38. ^ Wikinews:Donald Trump to build £300m "golfing paradise" in rural Scotland
  39. ^ "News.bbc.co.uk, Trump £1bn golf inquiry tees off". BBC News. 2008-06-10. Retrieved 2011-04-21.
  40. ^ "Trump's £1 billion golf complex wins planners' approval". Retrieved 2007-10-24.
  41. ^ "Trump International Golf Links, Aberdeen, Scotland : News and Events".
  42. ^ "Aberdeenshire Council's position: Compulsory Purchase Orders (News Release) 22 July 2009". Aberdeenshire.gov.uk. 2009-07-22. Retrieved 2011-04-21.
  43. ^ Crighton, Ryan (2011-01-31). "Press & Journal "Trump lifts threat of eviction at resort site" Ryan Crighton 31 Jan 2011". Pressandjournal.co.uk. Retrieved 2011-04-21.
  44. ^ "Donald Trump's wind farm fight 'for Scotland's benefit'". BBC News. 2011-09-15.
  45. ^ Jennifer Merin. "You've Been Trumped - Movie Review - 2011". About.com Entertainment.
  46. ^ "You've Been Trumped". The List.
  47. ^ Ward, Bob (2011-09-14). "You've Been Trumped: film reveals tycoon's ruthless efforts to build Scottish golf resort – Bob Ward". The Guardian. London.
  48. ^ "You've Been Trumped - Suzanne Kelly Reviews". Aberdeen Voice.
  49. ^ Collins, Daniel (2011-10-21). "Donald Trump Tortures The Weak". Huffington Post.
  50. ^ http://easthampton.patch.com/articles/preview-scots-take-on-the-donald-in-trumped#comments_list
  51. ^ Corrigan, James. "Donald Trump buys classic Open venue Turnberry for Bargain Price of £35.7m". Daily Telegraph. Retrieved 29 April 2014.
  52. ^ James Corrigan (29 April 2014). "Donald Trump's purchase of Turnberry is good". The Telegraph. Retrieved 17 January 2016.
  53. ^ Theodoric Meyer, Tarini Parti (22 July 2015). "Trump lifts the veil on his empire". Politico. Retrieved 17 January 2016.
  54. ^ a b Frangos, Alex (May 18, 2009). "Trump on Trump: Testimony Offers Glimpse of How He Values His Empire: Worth Rises, Falls 'With Markets and Attitudes And With Feelings, Even My Own Feeling'". The Wall Street Journal. Retrieved April 14, 2011.
  55. ^ Whelan, Robbie (May 11, 2014). "Trump and Kushner Families Are Coming Together for Another Union—This Time a Deal". Wall Street Journal. Retrieved 18 June 2014.
  56. ^ "Trump Towers Atlanta Site to Remain Parking Lot". Skyline Views.
  57. ^ Emporis GmbH. "Trump Towers Atlanta One, Atlanta - 273465 - EMPORIS". emporis.com.
  58. ^ "Trump Philadelphia to Avoid Foreclosure". Retrieved 31 May 2014.
  59. ^ "בלעדי ל"כלכליסט" - שנה אחרי ההקפאה: אזורים מפשירה את תוכנית מגדל עלית". כלכליסט - www.calcalist.co.il.
  60. ^ Parting with Ramat Gan's Elite landmark is sweet sorrow | Jerusalem Post[dead link]
  61. ^ Donald Trump plans Ramat Gan luxury tower | Jerusalem Post[dead link]
  62. ^ "Trump Istanbul". Retrieved 31 May 2014.
  63. ^ Arrowood, Emily. "To Beat Trump, Treat Him Like a Loser". US News and World Report. Retrieved 17 January 2016.
  64. ^ "Feeding Frenzy". New York Magazine. 26 June 1999. Retrieved 17 January 2016.
  65. ^ Bogart, Jeff (10 October 2015). "Stocks or real estate? What Trump can teach us about investing". The Christian Science Monitor. Retrieved 17 January 2016.
  66. ^ "Invest Like Trump? Think Again..." Investopedia. 27 August 2015. Retrieved 17 January 2016.
  67. ^ "Rick Perry's Thesaurus Has Some Words For Donald Trump". Huffington Post. 22 July 2015. Retrieved 17 January 2016.
  68. ^ "Why It's Worth Watching Donald Trump's Stock Portfolio". Zacks Equity Research. 03 September 2015. Retrieved 16 January 2016. {{cite web}}: Check date values in: |date= (help)
  69. ^ Schaefer, sTEVE (11 August 2011). "Trump Grabs Blue-Chips In Battered Market". Forbes. Retrieved 17 January 2016.
  70. ^ Schaefer, Steve (03 September 2015). "When Donald Trump Dabbled In Stocks: Why He Started Buying And How Much He Made". Forbes. Retrieved 17 January 2016. {{cite web}}: Check date values in: |date= (help)
  71. ^ a b "6 Stocks That Donald Trump Recently Bought". Seeking Alpha. 7 August 2011. Retrieved 16 January 2016.
  72. ^ "Why It's Worth Watching Donald Trump's Stock Portfolio". Zacks Equity Research. 03 September 2015. Retrieved 16 January 2016. {{cite web}}: Check date values in: |date= (help)
  73. ^ Hunter Walker (22 July 2015). "The government just released a document detailing Donald Trump's alleged $10 billion fortune". Business Insider. Retrieved 17 January 2016.
  74. ^ Theodoric Meyer, Tarini Parti (22 July 2015). "Trump lifts the veil on his empire". Politico. Retrieved 17 January 2016.
  75. ^ Kempner, Matt (31 August 2015). "Stock market blues? Don't look for Trump's bets to dazzle". Retrieved 17 January 2016.
  76. ^ Burns, Margie (19 August 2015). "Donald Trump staying put". Margie Burns. Retrieved 17 January 2016.
  77. ^ a b "Wealth Adviser Daily Briefing: A Peek Inside Donald Trump's Portfolio". Wall Street Journal. 24 July 2015. Retrieved 17 January 2016.
  78. ^ Sanders, Patrick (July 23, 2015). "11 Stocks That Donald Trump Loves". US News Money. Retrieved 17 January 2016.
  79. ^ "Why It's Worth Watching Donald Trump's Stock Portfolio Read more: http://www.nasdaq.com/article/why-its-worth-watching-donald-trumps-stock-portfolio-cm516665#ixzz3xX8AEdHT". Nasdaq. September 03, 2015. Retrieved 17 January 2016. {{cite web}}: Check date values in: |date= (help); External link in |title= (help)
  80. ^ Bowsher, Karla (9 December 2015). "Trump Worth $10 Billion Less Than If He'd Simply Invested in Index Funds". Money Talks News. Retrieved 17 January 2016.
  81. ^ Stewart, Emily (16 July 2015). "Donald Trump Says He Made Over $1 Million on Each of These 5 Stocks". The Street. Retrieved 17 January 2016.
  82. ^ Hunnicutt, Trevor (23 July 2015). "Donald Trump's investment portfolio a messy hodgepodge: advisers". Investment News. Retrieved 17 January 2016.
  83. ^ Hunter Walker and Myles Udland (22 July 2015). "Here's what's in Donald Trump's stock portfolio". Business Insider. Retrieved 16 January 2016.
  84. ^ Woods, Laura (29 July 2015). "Donald Trump's Stock Portfolio: See How You Can Invest Like the Presidential Candidate". GoBankingRates. Retrieved 16 January 2016.
  85. ^ a b Jaffe Chuck (August 1, 2015). "How Donald Trump rates as a fund investor". The Seattle Times. Retrieved 16 January 2016.
  86. ^ Mcenery, Thornton (15 July 2015). "President Trump Can't Even Deal With These Financial Disclosure Forms Designed For Poor People". Dealbreaker. Retrieved 17 January 2016.
  87. ^ Kemmerer, Gillian. "The Donald' trumps expectations in election poll". Hedge Fund Intelligence. Retrieved 16 January 2016.
  88. ^ Das, Gourab (7 October 2015). "A Peak into Donald Trump's Mutual Funds". Yahoo Finance. Retrieved 16 January 2016.
  89. ^ a b Kempner, Matt (31 August 2015). "Stock market blues? Don't look for Trump's bets to dazzle". myAJC. Retrieved 16 January 2016.
  90. ^ Jaffe, Chuck. "Donald Trump fails the fiscal responsibility test in his fund picks". MSN Money. Retrieved 17 January 2016.
  91. ^ Schaefer, Steve (30 September 2015). "When Donald Trump Dabbled In Stocks: Why He Started Buying And How Much He Made". Forbes. Retrieved 17 January 2016.
  92. ^ LaRoche, Julia. "Donald Trump has millions invested with 'paper pusher' hedge fund managers". Business Insider. Retrieved 16 January 2016.
  93. ^ "How Much Gold Does Donald Trump Own?". Kitco News. 24 July 2015. Retrieved 16 January 2016.
  94. ^ Udland, Myles (22 July 2015). "Donald Trump owns gold". Business Insider. Retrieved 16 January 2016.
  95. ^ "The Trump Touch: Donald Trump's Gold Holdings Revealed". Scottsdale Buillion and Coin. October 6,, 2015. Retrieved 16 January 2016. {{cite web}}: Check date values in: |date= (help)
  96. ^ "What does Donald Trump really own". The Real Deal. 01 July 2013. Retrieved 16 January 2016. {{cite web}}: Check date values in: |date= (help)
  97. ^ Brian Balogh (November 3, 2015). "Trump the brand, not the candidate". Miller Center. Retrieved 17 January 2016.
  98. ^ Theodoric Meyer, Tarini Parti (22 July 2015). "Trump lifts the veil on his empire". Politico. Retrieved 17 January 2016.
  99. ^ Theodoric Meyer, Tarini Parti (22 July 2015). "Trump lifts the veil on his empire". Politico. Retrieved 17 January 2016.
  100. ^ "Donald Trump's net worth at least $1.4 billion, election filing shows". 23 July 2015. {{cite web}}: |access-date= requires |url= (help); Missing or empty |url= (help)
  101. ^ Woods, Laura (29 July 2015). "Donald Trump's Stock Portfolio: See How You Can Invest Like the Presidential Candidate". Go Banking Rates. Retrieved 17 January 2016.
  102. ^ a b Holodny, Elena (October 10, 2014). "12 Donald Trump businesses that no longer exist". Yahoo Finance. Retrieved 17 January 2016.
  103. ^ a b c Koffler, Jacob (August 7, 2015). "Donald Trump's 16 Biggest Business Failures and Successes". TIME Magazine. Retrieved August 29, 2015.
  104. ^ "5-screw-ups-that-tell-us-donald-trump-should-not-teach-business-degree-classes".
  105. ^ "Select By Trump". Retrieved 17 January 2016.
  106. ^ Moore, Heidi (22 July 2015). "The weirdest ways Donald Trump makes his money". Mashable. Retrieved 17 January 2016.
  107. ^ "6 ways Trump makes his money". Politico. 22 July 2015. Retrieved 17 January 2016.
  108. ^ Max Abelson (September 3, 2015). "How Trump Invented Trump". Bloomberg Business. Retrieved 17 January 2016.
  109. ^ Kelly, Keith J. (20 May 2009). "Trump's Magazine Closed". New York Post. Retrieved 18 February 2015.
  110. ^ Tuttle, Brad (16 June 2015). "8 Epic Business Failures with Donald Trump's Name on Them". Time. Retrieved 17 January 2016.
  111. ^ Benjamin Snyder (6 July 2015). "Donald Trump's business fumbles". Fortune. Retrieved 17 January 2016.
  112. ^ "Trump Steakhouse hit with 51 violations after officials find month-old caviar, expired yogurt". Daily News. November 17, 2012. Retrieved 17 January 2016.
  113. ^ "Donald Trump's net worth at least $1.4 billion, election filing shows". 23 July 2015. {{cite web}}: |access-date= requires |url= (help); Missing or empty |url= (help)
  114. ^ "That's rich! The Donald cash advice costs 1.5m". New York: New York Daily News. October 23, 2005. Archived from the original on October 29, 2008. Retrieved 2008-07-04. {{cite news}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  115. ^ "Donald J. Trump on ACN's Home Based Business". Retrieved July 20, 2012.
  116. ^ Conlin, Michelle (July 18, 2015). "Presidential hopeful Trump rivals Clinton in speech fees". Reuters. Retrieved 17 January 2016.
  117. ^ Max Abelson (September 3, 2015). "How Trump Invented Trump". Bloomberg Business. Retrieved 17 January 2016.
  118. ^ "ACN & Donald J. Trump". ACN Inc. Archived from the original on January 14, 2013. Retrieved July 26, 2015.
  119. ^ James V. Grimaldi and Mark Maremont (13 August 2015). "Donald Trump Made Millions From Multilevel Marketing Firm". Wall Street Journal. Retrieved 17 January 2016.
  120. ^ Salo, Jackie. "Donald Trump Financial Disclosure: Speeches Paid Presidential Candidate More Than $1M, According To Federal Election Form". International Business Times. Retrieved 17 January 2016.
  121. ^ Ross, Chuck (22 July 2015). "Trump Earned Speaking Fees From Pyramid Scheme Company". The Daily Caller. Retrieved 17 January 2016.
  122. ^ Chuck Epstein (November 9, 2015). "Which presidential candidate earns the most per speech". Las Vegas Review Journal. Retrieved 17 January 2016.
  123. ^ "Ivanka Trump Collections". Retrieved 28 June 2014.

External links