42 Facts About Trump Organization


Trump Organization is a group of about 500 business entities of which Donald Trump is the sole or principal owner.

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

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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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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, Trump Organization was a prolific builder of single-family homes.

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Donald 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 U S 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 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 Trump Organization to advertise vacancies in minority papers and list vacancies with the Urban League.

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

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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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Trump Organization spent the following years renegotiating his debts, and gave up some properties, including the Trump Organization Shuttle airline and a stake in the Plaza Hotel in Manhattan.

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

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In 1997, Fred 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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Trump Organization obtained a loan of approximately $425 million from them in 1998.

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Financial statements of the Trump Organization's holdings are private, as are Donald Trump's personal tax returns, and there exist a wide range of estimates of the Trump Organization's true value.

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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 Trump Organization had lied about his wealth to Forbes to get on the list repeatedly and suggested that Forbess previous low-end estimates of Trump Organization's net worth were still well above his true net worth.

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In November 2021, The Washington Post reported that between 2011 and 2015, the Trump Organization presented several properties as being worth millions of dollars—in one case over $500 million—more to potential lenders than to tax officials.

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

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Trump Organization Winery is a winery situated on 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, 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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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 Trump Organization has used a number of logos in the style of coats of arms for his businesses.

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In 2008, Trump Organization attempted to establish the American logo at his new 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 Organization unveiled the new coat of arms that had been granted to "The Trump Organization International Golf Club Scotland Ltd" by the Lord Lyon in 2011.

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

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