40 Wall’s valuation chop means tax savings for Trump Org
The market values of office towers have plummeted during the pandemic, declines that could equal discounts for Donald Trump....
Donald Trump
Donald J. Trump was born in Queens, New York in 1946. He is the founder of the Trump Organization, the 45th president of the United States, and a controversial figure in New York real estate. Trump attended the University of Pennsylvania. In 2016, The Real Deal ranked Trump as the sixth most active condo developer in Manhattan since the mid-1960s. That year, Forbes pegged his net worth at $3.7 billion.
Donald Trump Q&A
How is Donald Trump connected to the real estate industry?
Trump expanded a real estate business founded by his grandparents by pursuing big-name projects in Manhattan and then expanding and licensing his brand name for use on projects across the country. Through the Trump Organization, Donald Trump has been involved with residential and commercial real estate projects, including hotels, resorts, casinos, and residential towers.
What are Donald Trump's real estate holdings?
His New York real estate includes the Trump Tower at 725 Fifth Avenue, 40 Wall Street, a large stake in the commercial office building 1290 Sixth Avenue, among others, with a total portfolio of several million square feet. As of 2016, he had 188 or more corporate entities that had dollar value or generated income.
Want to know more?
For current information on Donald Trump, the Trump Organization, and more, check out our Top Stories below.
Donald Trump Top Stories
August 15, 2019—Get ready for glacial golfing? President Trump is apparently interested in buying Greenland, which his advisors think could be the Alaska to his legacy.
July 25, 2019—Top Hamptons homebuilder Joe Farrell will host a fundraiser for President Donald Trump in August at his "Sandcastle" megamansion, now on the market for $40M.
The Latest
National
Vornado lines up $1.2B refi of SF tower co-owned with Trump
Vornado Realty Trust has lined up a huge refinancing for the San Francisco office tower it owns with former...
National
Biden administration considers Opportunity Zone overhaul
A Trump-era tax incentive was meant to drive investment into parts of the country that were struggling economically. Spoiler...
National
Feds subpoena Trump CFO’s personal bank records
The Manhattan district attorney’s investigation of the Trump Organization is heating up with a handful of new subpoenas. Prosecutors...
Miami Issue
Here’s where Trumpworld has put down roots in South Florida
When Donald Trump left the White House on Inauguration Day, skipping his successor’s ceremony, he flew to South Florida,...
Miami Issue
The Closing: Gil Dezer
Any screenwriter who pitched the character of Gil Dezer to a Hollywood studio would be laughed out of the room. A chain-smoking, gold chain-wearing, foul-mouthed developer who owns the Aston Martin DB5 James Bond...
Tri-State
Chicago bank sues Manafort to foreclose on Hamptons mansion
The Federal Savings Bank of Chicago has sued Paul Manafort and his wife, Kathleen, and is seeking to foreclose...
Tri-State
Seven Springs investigation heats up in broader probe of Trump
As part of a broader probe into the Trump Organization, Manhattan prosecutors are taking a closer look at Seven...
Miami
Trump lists beachfront mansion next to Mar-a-Lago for $49M
Former President Donald Trump is looking to sell a beachfront mansion across the street from his Mar-a-Lago resort for...
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Equitable Life Insurance is moving its New York office by three blocks. The financial company will take 130,000 square...