44 Facts About The Trump Organization


Donald Trump began leading it in 1971, renamed it around 1973, and handed off its leadership to his children in 2016 when he won the 2016 United States presidential election, defeating Hillary Clinton.

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The Trump Organization has publicly released little definitive financial documentation to confirm his valuation claims.

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On several occasions, Trump has been accused of deliberately inflating the valuation of Trump Organization properties through aggressive lobbying of the media to bolster his perceived net worth.

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The Trump Organization had contractors build houses on the empty lots Frederick had owned, sold the houses, and earned income off the mortgages she provided to buyers.

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The Trump Organization quickly became known as one of New York City's most successful young businessmen.

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In 1935, the company moved to Brooklyn, where, in addition to Queens, The Trump Organization was a prolific builder of single-family homes.

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The Trump Organization opened the 1,344-unit Shore Haven complex in 1949, followed by Beach Haven in 1950 and Trump Village in 1964.

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Donald The Trump Organization worked for his father's business while attending the University of Pennsylvania, and in 1968 officially joined the company.

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In 1973, the US Department of Justice's Civil Rights Division filed a civil rights suit against the Trump Organization charging them for violating the 1968 Fair Housing Act by refusing to rent to black people.

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The National Urban League had sent black and white testers to apply for apartments in The Trump Organization-owned complexes; the white testers got the apartments, whereas the black testers did not.

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In 1975, a consent decree described by the head of DOJ's housing division as "one of the most far-reaching ever negotiated" required The Trump Organization to advertise vacancies in minority papers and list vacancies with the Urban League.

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The Trump Organization opened three casino hotels in Atlantic City, New Jersey: Trump Plaza, Trump Castle, and Trump Taj Mahal.

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The Trump Organization hired Stephen Bollenbach as the company's first chief financial officer, while Allen Weisselberg continued to serve under him as controller.

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The casino company did not fare as well and The Trump Organization eventually lost his stake in the company to bankruptcy.

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In 1997, Fred The Trump Organization transferred ownership of the bulk of his portfolio of apartment buildings to his four surviving children, submitting tax returns claiming the properties were worth $41.

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The Trump Organization obtained a loan of approximately $425 million from them in 1998.

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Donald Trump has been accused on several occasions of deliberately inflating the valuation of Trump Organization properties through the aggressive lobbying of the media, in particular the authors of the annual Forbes 400 list, in order to bolster his perceived net worth among the public over several decades.

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The Trump Organization has released little definitive financial documentation to the public confirm his valuation claims.

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In 2018, a former Forbes journalist who had worked on the Forbes list claimed in an op-ed to The Washington Post that The Trump Organization had lied about his wealth to Forbes to get on the list repeatedly and suggested that Forbess previous low-end estimates of The Trump Organization's net worth were still well above his true net worth.

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The Trump Organization transferred his companies into a revocable trust, allowing him to tell the trustees how to run the company and fire them at any time.

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The Trump Organization retained his financial stake in the business, despite having offered during the campaign to put all his assets in a blind trust should he win the presidency.

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Trump Organization has curtailed some of its international work, pulling out of deals in Azerbaijan, Georgia and Brazil, while pledging to do no new foreign deals.

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In mid-2021, Mary L Trump elaborated on how the organization used a shell corporation to siphon money, devaluing Fred Trump's "core business" to $30 million at the time of his death.

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Ivanka The Trump Organization testified in December 2020 that she had little to no involvement in the event, which Mother Jones reported in June 2021 was false.

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The Trump Organization reportedly invoked his Fifth Amendment right against self-incrimination over 500 times.

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One of the prosecutors who resigned, Mark Pomerantz, stated in his resignation letter that The Trump Organization was "guilty of numerous felony violations" and that he was confident it could be proven in court.

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In 2010, The Trump Organization took over the management of the Central Park Carousel, a merry-go-round located in Manhattan's Central Park, promising to revive the merry-go-round after its previous operator was removed by the city's parks department.

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The Trump Organization had a contract to operate the carousel through April 2021.

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In 1986, The Trump Organization rebuilt the deteriorating Wollman Rink two months ahead of schedule and $750,000 under the $2.

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The Trump Organization asked his contractors, among them HRH Construction, to do the work without making a profit, promising them publicity but not mentioning their contributions to the press afterwards.

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The Trump Organization was given a concession to operate the rink for a year, with the profits to be given to charity.

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In 1987, as part of the agreement to keep operating Wollman Rink, the Trump Organization agreed to take a concession for the Lasker Rink; they held the concessions until 1995.

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In 2001, a The Trump Organization-owned subsidiary, Wollman Rink Operations LLC, won another concession to operate the rinks until April 30,2021.

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The Trump name was prominently displayed on the walls of the Wollman Rink and on the Zamboni maintaining the ice.

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In 2019, the Trump Organization replaced the name with Wollman Rink logos.

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The Trump Organization Winery is a winery situated on The Trump Organization Vineyard Estates near Charlottesville, Virginia.

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Trump Organization owns or manages seventeen golf courses in the United States, Scotland, Ireland, and the United Arab Emirates.

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In 2012, The Trump Organization Hotels opened an office in Shanghai and in 2014 entered into a branding and management partnership with the State Grid Corporation of China, China's largest state-owned company, for a major development in Beijing.

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The Trump Organization has marketed his name on a large number of products and services achieving mixed success doing so.

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The Trump Organization housed ventures started by Donald Trump's daughter Ivanka, including Ivanka Trump Fine Jewelry and the Ivanka Trump Lifestyle Collection ; the ventures were discontinued in 2017 and 2018, respectively.

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Donald The Trump Organization has used a number of logos in the style of coats of arms for his businesses.

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In 2008, The Trump Organization attempted to establish the American logo at his new The Trump Organization International Golf Links in Balmedie, Scotland, but was warned by the Lord Lyon King of Arms, the highest authority for Scottish heraldry, that an act of the Scottish Parliament from 1672 disallows people using unregistered arms.

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In January 2012, shortly after the inauguration of the golf course, Trump unveiled the new coat of arms that had been granted to "The Trump International Golf Club Scotland Ltd" by the Lord Lyon in 2011.

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From 2014, Trump used the same logo for "The Trump International Golf Links, Ireland", the golf resort built from his acquisition of Doonbeg Golf Club.

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