donald trump companies: This Is What Professionals Do
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Trump World Tower 845 United Nations Plaza, New York City: In 2006, Forbes estimated "$290 million
in profits and unrealized appreciation" going to Trump.
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Trump Tower 725 Fifth Ave, New York City: A 68-story mixed-use tower, now 100 percent
leased, was developed by a business partnership between the Trump Organization
and the Equitable Life Assurance Society of the United States in 1983. Trump
retains full control of the commercial and retail components of the tower. In 2006, it was valued at $318 million, less a
$30 million mortgage. The total value of
Trump Tower’s commercial and retail spaces is $460 million. The building was
refinanced for $100 million in August 2012, allowing Trump to take a cash
distribution of over $73 million.
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Personal Residence
Trump Tower: Top 3 floors of Trump Tower with approximately 30,000 square feet
(3,000 m²) of space; the triplex penthouse is decorated in diamond, 24-carat
gold and marble, and features an interior fountain and a massive
Italianate-style painting on the ceilings. Worth as much as $50 million, it is one of the most valuable
apartments in New York City.
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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 owns a 30 percent stake in both 1290 Sixth Avenue
and 555 California Street. A 43-story trophy office tower, 1290 Sixth is worth
as much as $1.5 billion. Trump's stake is
estimated to be $450 million. Trump's interest in
555 California Street is worth $400 million.
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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 USD and is valued at $350 to $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 percent to use for other
investments. Forbes valued the property at $260 million in 2006.
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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.
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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.
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Trump
International Hotel and Tower Chicago: The entire project is valued
at $1.2 billion ($112 million stake for Trump).
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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.
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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.
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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.
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Nike Store: The
NikeTown store is located in Trump Tower. The leasehold valued at $200 million.
Nike’s lease in the building expires in 2017 and the building serves as
collateral for bonds held by Trump worth $46.4 million.
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Palm Beach estate: A 43,000 square feet (4,000 m²) large
oceanfront mansion 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. Trump also owns two private homes in Palm
Beach, Fla., adjacent to his Mar-a-Lago country club. Trump controls the two
residential properties as real estate investments rather than vacation spots.
The homes are worth around $6.5 million and $3 million respectively.
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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. The property is worth as much as $250 million
as of 2013.
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Seven Springs: A
213-acre estate located outside the town of Bedford in Westchester County. The
building features a 13-bedroom mansion, but is also zoned to allow for the
construction of 13 additional homes at the site. Trump paid $7.5 million for
the entire property in 1995. Local Westchester County brokers put the
property’s value at around $40 million.
Beverly Hills estate: A large mansion
located on Rodeo Drive. The property is valued at $8.5 to $10 million.
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