The Trump Organization#Real estate licensing

Donald Trump's grandparents Frederick Trump and Elizabeth Christ Trump were a German immigrant couple who moved to the borough of Queens in 1907. Frederick began developing real estate there. He died during the "Spanish flu" pandemic in 1918, leaving an estate valued at $31,359{{cite book|last=Blair|first=Gwenda|title=The Trumps: Three Generations That Built an Empire|publisher=Simon & Schuster|year=2000|isbn=978-0-7432-1079-9|location=New York City|pages=116, 118|author-link=Gwenda Blair}} (or about $535,381 in 2020).

Elizabeth carried on in the real estate business after her husband's death. She had contractors build houses on the empty lots Frederick had owned, sold the houses, and earned income off the mortgages she provided to buyers.Blair, pp. 119–120

Her middle child, Donald Trump's father Fred Trump, entered the carpentry trade after graduating high school in 1923.{{harvnb|Roth|1950}}: "At 18, following graduation, he took a job as a carpenter's helper, supplementing this practical experience with courses in building construction three nights a week in the YMCA. Then he went out on his own." Fred would later say he completed his first single-family home in 1924,{{cite news|date=July 21, 1964|agency=United Press International|work=The Town Talk|title=Builder Turns Slum Areas into Profitable Apartments|first1=Gerald S.|last1=Snyder|url=https://www.newspapers.com/image/214047694/?terms=%22fred%20c.%20trump%22%20woodhaven%20mother&match=1|access-date=August 14, 2021|archive-date=August 14, 2021|archive-url=https://web.archive.org/web/20210814041338/https://www.newspapers.com/image/214047694/?terms=%22fred%20c.%20trump%22%20woodhaven%20mother&match=1|url-status=live}}{{cite news|title=A builder looks back{{snd}}and moves forward|newspaper=The New York Times|first=Alden|last=Whitman|date=January 28, 1973|url=https://www.nytimes.com/1973/01/28/archives/a-builder-looks-backand-moves-forward-builder-looks-back-but-moves.html|access-date=October 8, 2018|archive-url=https://web.archive.org/web/20180924175644/https://www.nytimes.com/1973/01/28/archives/a-builder-looks-backand-moves-forward-builder-looks-back-but-moves.html|archive-date=September 24, 2018|url-status=live}} but other sources date his start as a builder to 1927.{{harvnb|Barrett|2016}}: "[P]ublic records established that he'd only been an active builder from 1927 to 1932... The Trumps would ... claim that he had built his first house in 1922 or 1923, right after graduating from high school, when he actually built it in 1927{{snd}}a fast enough jump-start for most titans, but insufficiently miraculous for Trump." In that year, Fred reached the age of majority, and "E. Trump & Son", a name Elizabeth had used in ads since 1921, was formally incorporated.{{cite news|title=New concerns function with Queens capital|newspaper=The Daily Star|date=April 16, 1927|page=16|quote=E. Trump & Son Company, Inc., of Jamaica, has been formed with $50,000 capital to deal in realty.}}{{efn|Some modern sources, including Donald Trump's The Art of the Deal, refer to the company as "Elizabeth Trump & Son".{{sfn|Trump|Schwartz|1987|p=67}}{{cite book|url=https://books.google.com/books?id=kheDBAAAQBAJ&pg=PA874|title=Pop Culture Places: An Encyclopedia of Places in American Popular Culture|page=874|publisher=ABC-CLIO|location=Santa Barbara, California|isbn=978-0-313-39883-4|last1=Knight|first1=Gladys L.|year=2014|access-date= March 13, 2016|archive-url=https://web.archive.org/web/20170217051949/https://books.google.com/books?id=kheDBAAAQBAJ&pg=PA874|archive-date=February 17, 2017|url-status=live}} Contemporaneous sources, however, refer to "E. Trump & Son".{{cite news|title=Advertisement for E. Trump & Son|newspaper=Brooklyn Daily Eagle|date=November 6, 1927|page=D3|url=https://www.newspapers.com/clip/19995039/e_trump_son_advertisement/|via=Newspapers.com|access-date=May 11, 2018|archive-url=https://web.archive.org/web/20180512044224/https://www.newspapers.com/clip/19995039/e_trump_son_advertisement/|archive-date=May 12, 2018|url-status=live}}{{cite news|title=Real estate news|newspaper=Brooklyn Daily Eagle|date=May 5, 1930|page=8|url=https://www.newspapers.com/clip/19995184/real_estate_news/|via=Newspapers.com|access-date=May 11, 2018|archive-url=https://web.archive.org/web/20180512043717/https://www.newspapers.com/clip/19995184/real_estate_news/|archive-date=May 12, 2018|url-status=live}} Elizabeth Trump used the plural "E. Trump & Sons" in classified ads at least as early as 1921,{{cite news|url=https://www.newspapers.com/image/576072883/?terms=%22E.%20Trump%20%26%20Sons%22|work=The Chat|title=Classified ad|location=Brooklyn, NY|date=1921-03-05|page=28|access-date=August 15, 2021|archive-date=August 14, 2021|archive-url=https://web.archive.org/web/20210814041344/https://www.newspapers.com/image/576072883/?terms=%22E.%20Trump%20%26%20Sons%22|url-status=live}} and mixed in the singular "E. Trump & Son" by 1924.{{cite news|url=https://www.newspapers.com/image/576094536/?terms=%22E.%20Trump%20%26%20Son%22&match=1|date=1924-08-16|work=The Chat|title=Classified ad|location=Brooklyn, NY|page=53|access-date=August 14, 2021|archive-date=August 14, 2021|archive-url=https://web.archive.org/web/20210814041343/http://www.newspapers.com/image/576094536/?terms=%22E.%20Trump%20%26%20Son%22&match=1|url-status=live}}}}

In 1929, with Fred at the helm, the company began developing pricier houses in nearby Jamaica Estates.{{Sfn|Blair|2000|p=122}}{{cite book|title=Brooklyn: The Once and Future City|publisher=Princeton University Press|location=Princeton, New Jersey|first=Thomas J. |last=Campanella|year=2019|isbn=978-0691165387|page=320}} In the deepening depression, the company went out of business.{{cite book|title=The Truth About Trump|first=Michael|last=D'Antonio|publisher=St. Martin's Press|location=New York City|year=2015|isbn=978-1-250-11695-6|page=31|url=https://books.google.com/books?id=3TinCwAAQBAJ&pg=PT39|access-date=May 28, 2018|archive-date=January 14, 2021|archive-url=https://web.archive.org/web/20210114220125/https://books.google.com/books?id=3TinCwAAQBAJ&pg=PT39|url-status=live}} In 1933 Fred opened a supermarket, called "Trump Market", then quickly sold it and returned to the real estate business. Around this same time, Fred Trump and a partner acquired the mortgage-servicing subsidiary of Brooklyn's J. Lehrenkrauss & Co., which had gone bankrupt and subsequently been broken up amid charges of fraud. This gave Trump access to the titles of many properties nearing foreclosure, which he bought at low cost and sold for a profit. He quickly became known as one of New York City's most successful young businessmen.{{Cite book|last1=Kranish|first1=Michael|title=Trump Revealed: An American Journey of Ambition, Ego, Money, and Power|last2=Fisher|first2=Marc|publisher=Simon & Schuster|year=2016|isbn=978-1-5011-5578-9|location=New York|page=[https://books.google.com/books?id=Lqf0CwAAQBAJ&pg=PA29 29]|author-link=Michael Kranish|author-link2=Marc Fisher}}{{Cite news|last=Roth|first=Richard J.|date=May 14, 1950|title=Trump the Builder Plays Mothers as Ace Cards|page=25|newspaper=Brooklyn Eagle|url=https://img0.newspapers.com/image/53867067/|access-date=July 23, 2020|archive-date=February 16, 2021|archive-url=https://web.archive.org/web/20210216192106/https://img0.newspapers.com/image/53867067/|url-status=live}} In 1935, the company moved to Brooklyn, where, in addition to Queens, Trump was a prolific builder of single-family homes.{{cite book|title=Trump: The Saga of America's Most Powerful Real Estate Baron|first=Jerome|last=Tuccille|publisher=Beard Books|location=New York City|year=1985|page=31|url=https://books.google.com/books?id=50ss1oWeZBAC&pg=PA31|isbn=978-1587982231|access-date=May 2, 2018|archive-date=January 14, 2021|archive-url=https://web.archive.org/web/20210114220116/https://books.google.com/books?id=50ss1oWeZBAC&pg=PA31|url-status=live}}

During World War II, Trump constructed apartments and temporary housing for military personnel in Virginia and Pennsylvania. In 1944, he shifted his focus back to Brooklyn and began planning to develop large apartment buildings.{{sfn|Barrett|2016|p=77}} He opened the 1,344-unit Shore Haven complex in 1949,{{sfn|Barrett|2016|p=78}} followed by Beach Haven in 1950{{cite news|title=Fred C. Trump, postwar master builder of housing for middle class, dies at 93|newspaper=The New York Times|first=Tracie|last=Rozhon|date=June 26, 1999|url=https://www.nytimes.com/1999/06/26/nyregion/fred-c-trump-postwar-master-builder-of-housing-for-middle-class-dies-at-93.html|access-date=May 2, 2018|archive-url=https://web.archive.org/web/20150814090822/http://www.nytimes.com/1999/06/26/nyregion/fred-c-trump-postwar-master-builder-of-housing-for-middle-class-dies-at-93.html|archive-date=August 14, 2015|url-status=live}} and Trump Village in 1964.{{cite news|title=Brooklyn towers have Trump name but no limos|newspaper=The New York Times|first=Kareem|last=Fahim|date=April 8, 2010|url=https://www.nytimes.com/2010/04/09/nyregion/09trump.html|access-date=May 2, 2018|archive-url=https://web.archive.org/web/20180503043451/https://www.nytimes.com/2010/04/09/nyregion/09trump.html|archive-date=May 3, 2018|url-status=live}}

{{Main|Business career of Donald Trump}}

Donald Trump worked for his father's business while attending the University of Pennsylvania, and in 1968 officially joined the company.{{sfn|Trump|Schwartz|1987|p=67}} In the early 1970s, Fred became chairman of the board while Donald was made president of the company.{{cite book|url = https://books.google.com/books?id=ig1ZCgAAQBAJ&pg=PA23|page = 23|first = Gwenda|last = Blair|title = Donald Trump: The Candidate|year = 2015|publisher = Simon & Schuster|location=New York City|isbn = 978-1439129371|access-date = May 8, 2018|archive-date = January 14, 2021|archive-url = https://web.archive.org/web/20210114220100/https://books.google.com/books?id=ig1ZCgAAQBAJ&pg=PA23|url-status = live}} Around 1973, he began referring to the business as the Trump Organization.{{efn|Donald Trump says in The Art of the Deal that he began using the Trump Organization name during conversations with Victor Palmieri which began in 1973.{{sfn|Trump|Schwartz|1987|p=105}} However, the name was used in at least one advertisement as early as 1972.{{cite news|title=Classified advertisement for The Trump Organization|newspaper=The New York Times|date=March 5, 1972|page=R10|id={{ProQuest|119397234}}}} {{subscription required}}}} The business had previously been referred to on occasion as the Fred C. Trump Organization,{{cite news |url=https://www.nytimes.com/1959/06/29/archives/bid-made-to-start-warbasse-housing.html |title=Bid Made to Start Warbasse Housing |newspaper=The New York Times |date=June 29, 1959 |access-date=August 28, 2020 |archive-date=October 18, 2020 |archive-url=https://web.archive.org/web/20201018152542/https://www.nytimes.com/1959/06/29/archives/bid-made-to-start-warbasse-housing.html |url-status=live }}{{cite news |title=Wanted to purchase (advertisement) |url=https://www.newspapers.com/clip/19890919/fred-c-trump-organization-advertisement/ |newspaper=The Miami News |date=August 8, 1969 |via=Newspapers.com |access-date=August 28, 2020 |archive-date=September 15, 2020 |archive-url=https://web.archive.org/web/20200915032143/https://www.newspapers.com/clip/19890919/fred-c-trump-organization-advertisement/ |url-status=live }} the Fred Trump Organization,{{cite news |last=Ryan |first=Harry |title=Real estate |url=https://www.newspapers.com/clip/24271973/real-estate/ |newspaper=The New York Daily News |date=February 11, 1961 |access-date=August 28, 2020 |archive-date=September 15, 2020 |archive-url=https://web.archive.org/web/20200915040257/https://www.newspapers.com/clip/24271973/real-estate/ |url-status=live }}{{cite news |title=Controller |url=https://www.newspapers.com/clip/24272037/controller/ |newspaper=The Brooklyn Daily Eagle |date=December 23, 1951 |via=Newspapers.com |access-date=August 28, 2020 |archive-date=October 5, 2018 |archive-url=https://web.archive.org/web/20181005031005/https://www.newspapers.com/clip/24272037/controller/ |url-status=live }} or the Trump Organization,{{cite news |title=6 Bikinied Beauties Attend Demolishing Of Coney Landmark |url=https://www.nytimes.com/1966/09/22/archives/6-bikinied-beauties-attend-demolishing-of-coney-landmark.html |newspaper=The New York Times |date=September 22, 1966 |access-date=August 28, 2020 |archive-date=February 18, 2021 |archive-url=https://web.archive.org/web/20210218214508/https://www.nytimes.com/1966/09/22/archives/6-bikinied-beauties-attend-demolishing-of-coney-landmark.html |url-status=live }} (Subscription required to read full article.) but had not had a single formal name.

In 1973, the U.S. Department of Justice's (DOJ) 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. The National Urban League had sent Black and White testers to apply for apartments in Trump-owned complexes. The White testers got the apartments, whereas the Black testers did not. According to court records, four superintendents or rental agents reported that applications sent to the central office for acceptance or rejection were coded by race.{{cite news|first1=Wayne|last1=Barrett|first2=Joe|last2=Campbell|date=July 20, 2015|url=http://www.villagevoice.com/news/how-a-young-donald-trump-forced-his-way-from-avenue-z-to-manhattan-7380462|title=How a young Donald Trump forced his way from Avenue Z to Manhattan|newspaper=The Village Voice|archive-url=https://web.archive.org/web/20150905212408/http://www.villagevoice.com/news/how-a-young-donald-trump-forced-his-way-from-avenue-z-to-manhattan-7380462|archive-date=September 5, 2015|accessdate=September 11, 2015}}

A 1979 Village Voice article quoted a rental agent who said Fred Trump had instructed him not to rent to Black people and to encourage existing Black tenants to leave. 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 to advertise vacancies in minority papers and list vacancies with the Urban League. The Justice Department subsequently stated that continuing "racially discriminatory conduct by Trump agents has occurred with such frequency that it has created a substantial impediment to the full enjoyment of equal opportunity."

Donald Trump focused his efforts on major development projects in Manhattan, including the renovation of the Commodore Hotel, in partnership with Hyatt, as the Grand Hyatt New York (opened in 1980);{{cite news|title=New York joining renovation trend|newspaper=The Washington Post|first=Don G.|last=Campbell|agency=The Los Angeles Times|date=June 6, 1981|url=https://www.washingtonpost.com/archive/realestate/1981/06/06/new-york-joining-renovation-trend/7cb3abec-9619-4315-aeaa-4b929790092d/|access-date=May 8, 2018|archive-url=https://web.archive.org/web/20180509080228/https://www.washingtonpost.com/archive/realestate/1981/06/06/new-york-joining-renovation-trend/7cb3abec-9619-4315-aeaa-4b929790092d/|archive-date=May 9, 2018|url-status=live}} the construction of Trump Tower in partnership with The Equitable (1983);{{cite news|title=Trumpery, frippery, finery|newspaper=The New York Daily News|date=February 17, 1983|first=Kathy|last=Larkin|url=https://www.newspapers.com/clip/19918994/trumpery_frippery_finery/|via=Newspapers.com|access-date=May 8, 2018|archive-url=https://web.archive.org/web/20180509080239/https://www.newspapers.com/clip/19918994/trumpery_frippery_finery/|archive-date=May 9, 2018|url-status=live}} and the development of Trump Plaza (1984).{{cite news|title=Donald Trump: Realty magnet with castles on the drawing board|newspaper=The Chicago Tribune|first=William E.|last=Geist|date=April 8, 1984|url=https://www.newspapers.com/clip/19919438/donald_trump_realty_magnate_with/|via=Newspapers.com|access-date=May 8, 2018|archive-url=https://web.archive.org/web/20180509080009/https://www.newspapers.com/clip/19919438/donald_trump_realty_magnate_with/|archive-date=May 9, 2018|url-status=live}} He also opened three casino hotels in Atlantic City, New Jersey: Trump Plaza (1984),{{cite news|title=10th and largest casino opens in Atlantic City|newspaper=The New York Times|date=May 15, 1984|first=Donald|last=Janson|url=https://www.nytimes.com/1984/05/15/nyregion/10th-and-largest-casino-opens-in-atlantic-city.html|access-date=October 3, 2015|archive-url=https://web.archive.org/web/20150524154132/http://www.nytimes.com/1984/05/15/nyregion/10th-and-largest-casino-opens-in-atlantic-city.html|archive-date=May 24, 2015|url-status=live}} Trump Castle (1985),{{cite news|title=In A.C., Trump's Castle opens at site of Hilton's|newspaper=Philadelphia Inquirer|first=George|last=Anastasia|date=June 18, 1985|url=http://infoweb.newsbank.com/resources/openurl?ctx_ver=z39.88-2004&rft_dat=document_id%3Anews%252F0EB299921518F61D&rft_id=info%3Asid%2Finfoweb.newsbank.com&rft_val_format=info%3Aofi%2Ffmt%3Akev%3Amtx%3Actx&svc_dat=AWNB&req_dat=1028A39C75C2B899|via=NewsBank|access-date=May 8, 2018|archive-date=January 14, 2021|archive-url=https://web.archive.org/web/20210114220106/https://infoweb.newsbank.com/resources/doc/nb/news/0EB299921518F61D?p=AWNB|url-status=live}} and Trump Taj Mahal (1990).{{cite news|title=Taj: open sesame!|newspaper=Press of Atlantic City|first=Daniel|last=Heneghan|date=April 3, 1990|url=http://infoweb.newsbank.com/resources/openurl?ctx_ver=z39.88-2004&rft_dat=document_id%3Anews%252F0EAEA84E88B487F6&rft_id=info%3Asid%2Finfoweb.newsbank.com&rft_val_format=info%3Aofi%2Ffmt%3Akev%3Amtx%3Actx&svc_dat=AWNB&req_dat=1028A39C75C2B899|via=NewsBank|access-date=May 8, 2018|archive-date=January 14, 2021|archive-url=https://web.archive.org/web/20210114220107/https://infoweb.newsbank.com/resources/doc/nb/news/0EAEA84E88B487F6?p=AWNB|url-status=live}}

In 1989, New York State officials ordered the Grand Hyatt New York, a hotel owned at the time by the Trump Organization and the Hyatt Corporation, to pay New York City $2.9 million in rent that had been withheld by the hotel in 1986 due to "unusual" accounting changes approved by Donald Trump.{{Cite news|first=Graham|last=Kates|title=Inside a Donald Trump audit: Missing books and unusual accounting|website=CBS News|url=https://www.cbsnews.com/news/inside-a-donald-trump-audit-missing-books-and-unusual-accounting/|url-status=live|date=August 8, 2016|access-date=January 12, 2017|archive-url=https://web.archive.org/web/20170113141116/http://www.cbsnews.com/news/inside-a-donald-trump-audit-missing-books-and-unusual-accounting/|archive-date=January 13, 2017}} An investigation by New York City auditors noted that the hotel was missing basic financial records and found the hotel was using procedures that violated generally accepted accounting principles.

Amid a real estate slump in 1990, the Trump Organization approached a financial crisis and was believed to be on the brink of collapse, with Donald Trump and his companies owing 72 banks a total of $4 billion, of which Trump personally guaranteed $800 million.{{Cite web|last=Flitter|first=Emily|date=July 17, 2016|title=Art of the spin: Trump bankers question his portrayal of financial comeback|url=https://www.reuters.com/article/us-usa-election-trump-bankruptcies-insig-idUSKCN0ZX0GP|access-date=2021-07-05|work=Reuters|archive-date=September 18, 2020|archive-url=https://web.archive.org/web/20200918230141/https://www.reuters.com/article/us-usa-election-trump-bankruptcies-insig-idUSKCN0ZX0GP|url-status=live}} Trump hired Stephen Bollenbach as the company's first chief financial officer, while Allen Weisselberg continued to serve under him as controller.{{cite news|title=Financial wizard tries to untangle Trump empire|url=https://www.baltimoresun.com/news/bs-xpm-1991-04-28-1991118079-story.html|access-date=December 19, 2018|newspaper=The Baltimore Sun|agency=New York Times News Service|date=April 28, 1991|quote=Mr. Bollenbach was brought in by the developer after Mr. Trump's creditors insisted that he hire a chief financial officer, a position that had never existed at the Trump Organization.}}{{cite news|last1=Teitelbaum|first1=Richard|title=Donald Trump's loyal numbers man|url=https://blogs.wsj.com/cfo/2016/11/05/donald-trumps-loyal-numbers-man/|work=The Wall Street Journal|date=November 5, 2016|quote=Mr. Weisselberg started off working for Mr. Trump's father, Fred, and by the late 1980s was controller of the Trump Organization. In this role Mr. Weisselberg worked under CFO Stephen Bollenbach, who was hired in 1990.|access-date=December 19, 2018|archive-url=https://web.archive.org/web/20180918141653/https://blogs.wsj.com/cfo/2016/11/05/donald-trumps-loyal-numbers-man/|archive-date=September 18, 2018|url-status=live}} Trump spent the following years renegotiating his debts, and gave up some properties, including the Trump Shuttle airline and a stake in the Plaza Hotel in Manhattan.{{cite news|title=Donald Trump's business decisions in '80s nearly led him to ruin|newspaper=The New York Times|first1=Russ|last1=Buettner|first2=Charles V.|last2=Bagli|date=October 3, 2016|url=https://www.nytimes.com/2016/10/04/nyregion/donald-trump-taxes-debt.html|access-date=May 11, 2018|archive-url=https://web.archive.org/web/20180512044400/https://www.nytimes.com/2016/10/04/nyregion/donald-trump-taxes-debt.html|archive-date=May 12, 2018|url-status=live}} Bollenbach left the company in 1992.{{cite news |first=Hugo |last=Martin |title=Stephen Bollenbach dies at 74; former executive at Hilton, Disney and Trump Organization |url=https://www.latimes.com/business/la-fi-bollenbach-20161019-snap-story.html |access-date=December 19, 2018 |newspaper=The Los Angeles Times |date=October 19, 2016 |quote=Bollenbach even tested his financial skills at the Trump Organization, where he held the post of chief financial officer from 1990 to 1992.|archive-url=https://web.archive.org/web/20181220033840/https://www.latimes.com/business/la-fi-bollenbach-20161019-snap-story.html |archive-date=December 20, 2018 |url-status=live }} In 1995, Trump took another major step towards financial stability, launching a publicly traded company for the Trump casinos, Trump Hotels & Casino Resorts.{{cite news|title=Trump success up to lessons learned|newspaper=The Orlando Sentinel|agency=Associated Press|first=Eric R.|last=Quinones|date=November 10, 1996|url=http://infoweb.newsbank.com/resources/openurl?ctx_ver=z39.88-2004&rft_dat=document_id%3Anews%252F0EB4F33D20DA6AE4&rft_id=info%3Asid%2Finfoweb.newsbank.com&rft_val_format=info%3Aofi%2Ffmt%3Akev%3Amtx%3Actx&svc_dat=AWNB&req_dat=1028A39C75C2B899|via=NewsBank|access-date=May 11, 2018|archive-date=January 14, 2021|archive-url=https://web.archive.org/web/20210114220111/https://infoweb.newsbank.com/resources/doc/nb/news/0EB4F33D20DA6AE4?p=AWNB|url-status=live}} By 1996, Trump was widely considered to be making a comeback.{{cite news|title=Trump solo|newspaper=The New Yorker|first=Mark|last=Singer|date=May 19, 1997|url=https://www.newyorker.com/magazine/1997/05/19/trump-solo|access-date=May 11, 2018|archive-url=https://web.archive.org/web/20180507135141/https://www.newyorker.com/magazine/1997/05/19/trump-solo|archive-date=May 7, 2018|url-status=live}} The casino company did not fare as well, however, and Trump eventually lost his stake in the company to bankruptcy.{{cite news|title=How Donald Trump bankrupted his Atlantic City casinos, but still earned millions|newspaper=The New York Times|first1=Russ|last1=Buettner|first2=Charles V.|last2=Bagli|date=June 11, 2016|url=https://www.nytimes.com/2016/06/12/nyregion/donald-trump-atlantic-city.html|access-date=August 16, 2018|archive-url=https://web.archive.org/web/20180817032004/https://www.nytimes.com/2016/06/12/nyregion/donald-trump-atlantic-city.html|archive-date=August 17, 2018|url-status=live}}{{cite news|title=Trump and Atlantic City: the lessons behind the demise of his casino empire|newspaper=The Guardian|first=Rupert|last=Neate|date=September 2, 2016|url=https://www.theguardian.com/us-news/2016/sep/02/donald-trump-atlantic-city-casinos-taj-mahal-plaza-bankruptcy|access-date=August 16, 2018|archive-url=https://web.archive.org/web/20180817023406/https://www.theguardian.com/us-news/2016/sep/02/donald-trump-atlantic-city-casinos-taj-mahal-plaza-bankruptcy|archive-date=August 17, 2018|url-status=live}}

In 1997, Fred Trump transferred ownership of the bulk of his portfolio of apartment buildings to his four surviving children (Donald, Robert, Maryanne, and Elizabeth), submitting tax returns claiming the properties were worth $41.4 million. Fred died in 1999. In 2004, the four siblings sold the apartments for $737.9 million to a group led by Rubie Schron, marking the family's exit from ownership of their father's business.{{cite news|title=Trump family sells properties on island|newspaper=Staten Island Advance|date=May 19, 2004|first=Karen|last=O'Shea|url=http://infoweb.newsbank.com/resources/openurl?ctx_ver=z39.88-2004&rft_dat=document_id%3Anews%252F1112465D73F24F08&rft_id=info%3Asid%2Finfoweb.newsbank.com&rft_val_format=info%3Aofi%2Ffmt%3Akev%3Amtx%3Actx&svc_dat=AWNB&req_dat=1028A39C75C2B899|via=NewsBank|access-date=May 11, 2018|archive-date=January 14, 2021|archive-url=https://web.archive.org/web/20210114220114/https://infoweb.newsbank.com/resources/doc/nb/news/1112465D73F24F08?p=AWNB|url-status=live}}{{cite news|title=Jeweler gets his piece of the rock|newspaper=The New York Post|first=Lois|last=Weiss|date=May 5, 2004|url=https://nypost.com/2004/05/05/jeweler-gets-his-piece-of-the-rock-hip-hop-jeweler-gets-his-piece-of-the-rock/|access-date=May 11, 2018|archive-url=https://web.archive.org/web/20180512044025/https://nypost.com/2004/05/05/jeweler-gets-his-piece-of-the-rock-hip-hop-jeweler-gets-his-piece-of-the-rock/|archive-date=May 12, 2018|url-status=live}}{{cite news|title=Trumps lighten up|newspaper=The New York Post|first=Lois|last=Weiss|date=December 18, 2003|url=https://nypost.com/2003/12/18/trumps-lighten-up-family-sells-outer-borough-buildings-for-600m/|access-date=May 11, 2018|archive-url=https://web.archive.org/web/20180512044239/https://nypost.com/2003/12/18/trumps-lighten-up-family-sells-outer-borough-buildings-for-600m/|archive-date=May 12, 2018|url-status=live}}

During the property boom of the 1980s, Trump acquired numerous properties and by 1990 owed $4 billion to 72 banks. When the market entered a slump in 1990 that placed the organization at risk of collapse, Trump and his lenders acted to restructure his debts, although they disagree on who identified the problem and initiated negotiations. The resulting restructuring required his banks to forgive some of Trump's debt. Trump's casinos later entered bankruptcies in which his bondholders took deep losses. After these incidents, Trump had difficulty borrowing new money from most mainstream financial institutions.

Deutsche Bank, which did not have a significant presence on Wall Street during the 1980s, expanded rapidly in the U.S. during the 1990s. Trump obtained a loan of approximately $425 million from them in 1998. In the process of its rapid expansion, the bank engaged in numerous questionable practices, including manipulating currencies and interest rates, laundering billions of dollars for Russian oligarchs and misleading international bank regulators. The bank was fined $630 million in 2017 for facilitating a $10 billion Russian money laundering scheme.{{Cite web|url=https://money.cnn.com/2017/01/31/investing/deutsche-bank-us-fine-russia-money-laundering/index.html|title=Deutsche Bank fined for $10 billion Russian money-laundering scheme|first=Jethro|last=Mullen|date=January 31, 2017|website=CNNMoney|access-date=August 27, 2020|archive-date=February 18, 2021|archive-url=https://web.archive.org/web/20210218212347/https://money.cnn.com/2017/01/31/investing/deutsche-bank-us-fine-russia-money-laundering/index.html|url-status=live}} The bank provided Trump with a variety of services including financial instruments designed to shield him from risks and outside scrutiny, and helped connect Trump to wealthy clients (including some from Russia) who were interested in Western real estate. During the 2000s and 2010s, Trump borrowed $2 billion from the bank, owing it about $360 million in 2016.{{Cite web|last=Enrich|first=David|date=January 8, 2021|title=The Money Behind Trump's Money|url=https://www.nytimes.com/2020/02/04/magazine/deutsche-bank-trump.html|access-date=2021-07-05|website=The New York Times|archive-date=February 18, 2021|archive-url=https://web.archive.org/web/20210218212417/https://www.nytimes.com/2020/02/04/magazine/deutsche-bank-trump.html|url-status=live}}{{Cite news|last=Harwell|first=Drew|date=September 30, 2016|title=Trump's unusual conflict: Millions in debts to German bank now facing federal fines|url=https://www.washingtonpost.com/news/wonk/wp/2016/09/30/trumps-unthinkable-conflict-millions-in-debts-to-german-bank-now-facing-federal-fines/|access-date=2021-07-05|newspaper=The Washington Post|archive-date=February 18, 2021|archive-url=https://web.archive.org/web/20210218212410/https://www.washingtonpost.com/news/wonk/wp/2016/09/30/trumps-unthinkable-conflict-millions-in-debts-to-german-bank-now-facing-federal-fines/|url-status=live}}

From 2000 on, the Trump Organization held 50% of TD Trump Deutschland AG, a corporate venture with a German company, planning to build a skyscraper named "Trump Tower Europe" in Frankfurt, Berlin or Stuttgart, but allegedly never paid the full amount of their €2 million share.{{cite web|title=MK-Kliniken AG – Presse – Pressemitteilungen|url=http://www.mk-kliniken.de/presse/pressemitteilungen.html?&pid=50|url-status=dead|archive-url=https://web.archive.org/web/20161029102554/http://www.mk-kliniken.de/presse/pressemitteilungen.html?&pid=50|archive-date=October 29, 2016|access-date=October 29, 2016|website=mk-kliniken.de}} At least three lawsuits followed and the company was disestablished in 2005.{{Cite news|date=April 5, 2016|title=Donald Trump's German Flop|language=en-US|newspaper=Handelsblatt Global Edition|url=https://global.handelsblatt.com/politics/no-heimat-for-trump-486722|url-status=live|access-date=October 29, 2016|archive-url=https://web.archive.org/web/20161030001922/https://global.handelsblatt.com/politics/no-heimat-for-trump-486722|archive-date=October 30, 2016}}

By mid-2016, it was alleged that the organization, specifically under the leadership of Donald Trump, had a history of not paying for services rendered. Several hundred contractors or workers for the organization have filed lawsuits or liens saying they were not paid for their work, and others say they had to settle for cents on the dollar.{{Cite web|last1=Jackson|first1=Hallie|last2=Rappleye|first2=Hannah|last3=Reynolds|first3=Talesha|date=June 10, 2016|title=Hundreds Claim Donald Trump Doesn't Pay His Bills in Full|url=https://www.nbcnews.com/news/us-news/hundreds-claim-donald-trump-doesn-t-pay-his-bills-n589261|access-date=November 30, 2021|website=NBC News|language=en|archive-date=September 27, 2016|archive-url=https://web.archive.org/web/20160927060347/http://www.nbcnews.com/news/us-news/hundreds-claim-donald-trump-doesn-t-pay-his-bills-n589261|url-status=live}}

Trump's eldest son, Donald Jr., was quoted as saying at a 2008 New York real estate conference, "In terms of high-end product influx into the US, Russians make up a pretty disproportionate cross-section of a lot of our assets ... We see a lot of money pouring in from Russia."{{cite news |last1=Dorell |first1=Oren |title=Donald Trump's ties to Russia go back 30 years |url=https://www.usatoday.com/story/news/world/2017/02/15/donald-trumps-ties-russia-go-back-30-years/97949746/ |newspaper=USA Today |date=February 15, 2017 |access-date=February 1, 2021 |archive-date=January 30, 2021 |archive-url=https://web.archive.org/web/20210130204319/https://www.usatoday.com/story/news/world/2017/02/15/donald-trumps-ties-russia-go-back-30-years/97949746/ |url-status=live }} James Dodson, a golf magazine writer, said that during a 2014 golf game, he asked Trump's son Eric how the organization was funding its golf resort acquisitions, to which Trump responded, "Well, we don't rely on American banks. We have all the funding we need out of Russia." Eric Trump later denied making the statement,{{Cite web|last=Revesz|first=Rachael|date=8 May 2017|title=Eric Trump old interview resurfaces: 'We don't rely on banks. We have all the funding we need out of Russia'|url=https://www.independent.co.uk/news/world/americas/eric-trump-donald-golf-courses-russia-funding-golf-writer-interview-2014-james-dodson-a7722806.html |archive-url=https://ghostarchive.org/archive/20220620/https://www.independent.co.uk/news/world/americas/eric-trump-donald-golf-courses-russia-funding-golf-writer-interview-2014-james-dodson-a7722806.html |archive-date=June 20, 2022 |url-access=subscription |url-status=live|access-date=2021-07-05|website=The Independent}} although some of the company's financing apparently involves Russian money.{{Cite web|last=Hirsh|first=Michael|date=December 21, 2018|title=How Russian Money Helped Save Trump's Business|url=https://foreignpolicy.com/2018/12/21/how-russian-money-helped-save-trumps-business/|access-date=July 5, 2021|website=Foreign Policy|archive-date=September 2, 2020|archive-url=https://web.archive.org/web/20200902022024/https://foreignpolicy.com/2018/12/21/how-russian-money-helped-save-trumps-business/|url-status=live}}{{cite news|last1=Burgis|first1=Tom|date=July 11, 2018|title=Tower of secrets: the Russian money behind a Donald Trump skyscraper|work=Financial Times|url=https://www.ft.com/trumptoronto|access-date=2021-07-05|archive-date=February 2, 2021|archive-url=https://web.archive.org/web/20210202083126/https://www.ft.com/trumptoronto|url-status=live}} The organization has many projects in foreign nations, leading some to point to a conflict of interest with foreign nations should Donald Trump become the president of the United States.

The 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. 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. He has released little definitive financial documentation to the public to confirm his valuation claims.{{Cite news|url=https://www.forbes.com/sites/chasewithorn/2016/03/31/how-donald-trump-exaggerates-and-fibs-about-his-4-5-billion-net-worth/#74306b7d1770|title=How Donald Trump Exaggerates And Fibs About His $4.5 Billion Net Worth|last=Peterson-Withorn|first=Chase|work=Forbes|date=March 31, 2016|access-date=April 20, 2018|language=en|archive-url=https://web.archive.org/web/20180420203558/https://www.forbes.com/sites/chasewithorn/2016/03/31/how-donald-trump-exaggerates-and-fibs-about-his-4-5-billion-net-worth/#74306b7d1770|archive-date=April 20, 2018|url-status=live}}{{Cite web|url=https://money.cnn.com/2011/04/21/news/companies/donald_trump/index.htm|title=Donald Trump net worth: I'm worth whatever I feel|last=Khalid|first=Kiran|date=April 21, 2011|website=CNNMoney|access-date=April 20, 2018|archive-url=https://web.archive.org/web/20180421030435/http://money.cnn.com/2011/04/21/news/companies/donald_trump/index.htm|archive-date=April 21, 2018|url-status=live}}

It is difficult to determine a net value for the Trump Organization's real estate holdings independently since each individual property may be encumbered by debt.

In October 2015, Forbes published an article detailing its decades-long struggle to estimate the true net worth of Trump and the Trump Organization.{{Cite news|url=https://www.forbes.com/sites/randalllane/2015/09/29/inside-the-epic-fantasy-thats-driven-donald-trump-for-33-years/#38d2bad20375|title=Inside The Epic Fantasy That's Driven Donald Trump For 33 Years|last=Lane|first=Randall|date=September 29, 2015|work=Forbes|access-date=April 20, 2018|archive-url=https://web.archive.org/web/20180420203640/https://www.forbes.com/sites/randalllane/2015/09/29/inside-the-epic-fantasy-thats-driven-donald-trump-for-33-years/#38d2bad20375|archive-date=April 20, 2018|url-status=live}} In 2018, a former Forbes journalist who had worked on the Forbes list claimed in an op-ed to The Washington Post that Trump had lied about his wealth to Forbes to get on the list repeatedly and suggested that Forbes{{'}}s previous low-end estimates of Trump's net worth were still well above his true net worth.

In November 2021, The Washington Post reported that between 2011 and 2015, the Trump Organization presented several properties as being worth millions of dollars{{snd}}in one case over $500 million{{snd}}more to potential lenders than to tax officials. This was being scrutinized by New York prosecutors in their investigation of the organization's possible fraud and tax evasion. The next month, The New York Times reported that prosecutors were examining whether the organization provided its outside accountants, Mazars, with cherry-picked information with which to prepare favorable financial statements to present to prospective lenders.{{cite news|last1=Rashbaum|first1=William K.|last2=Protess|first2=Ben|last3=Bromwich|first3=Jonah E.|date=December 14, 2021|title=Trump Fraud Inquiry's Focus: Did He Mislead His Own Accountants?|work=The New York Times|url=https://www.nytimes.com/2021/12/14/nyregion/trump-fraud-inquiry.html|access-date=December 14, 2021|archive-date=December 15, 2021|archive-url=https://web.archive.org/web/20211215081118/https://www.nytimes.com/2021/12/14/nyregion/trump-fraud-inquiry.html|url-status=live}} In February 2022, Mazars cited the New York investigation in announcing that it would no longer stand by its financial statements created for the Trump Organization from mid-2010 to mid-2020, and that it would no longer work with the organization.{{cite news|last1=WInter|first1=Tom|last2=Gregorian|first2=Dareh|date=February 14, 2022|title=Trump Organization's accounting firm says it can no longer vouch for financial statements from the company|publisher=NBC News|url=https://www.nbcnews.com/politics/donald-trump/trump-organizations-accounting-firm-says-can-no-longer-vouch-financial-rcna16206|access-date=February 15, 2022|archive-date=February 14, 2022|archive-url=https://web.archive.org/web/20220214235239/https://www.nbcnews.com/politics/donald-trump/trump-organizations-accounting-firm-says-can-no-longer-vouch-financial-rcna16206|url-status=live}}

On January 11, 2017, before starting his tenure as president of the United States, Trump announced that he and his daughter Ivanka would fully resign and his sons Donald Jr. and Eric would take executive charge of the various businesses, along with Chief Finance Officer Allen Weisselberg.{{cite news|url=https://www.bbc.com/news/business-38587628|title=Trump hands over business empire to sons|date=January 11, 2017|work=BBC News|access-date=January 11, 2017|archive-url=https://web.archive.org/web/20170111203205/http://www.bbc.com/news/business-38587628|archive-date=January 11, 2017|url-status=live}} Trump transferred his companies into a revocable trust, allowing him to tell the trustees how to run the company and fire them at any time.{{cite news |last1=Fahrenthold |first1=David A. |last2=Dawsey |first2=Josh |last3=O'Connell |first3=Jonathan |title=Allen Weisselberg resigned from the top of the Trump Organization. So who's running the company now? |url=https://www.washingtonpost.com/politics/2021/07/21/weisselberg-trump-organization-eric-donald-ivanka/ |access-date=July 21, 2021 |newspaper=The Washington Post |date=July 21, 2021 |archive-date=July 27, 2021 |archive-url=https://web.archive.org/web/20210727160237/https://www.washingtonpost.com/politics/2021/07/21/weisselberg-trump-organization-eric-donald-ivanka/ |url-status=live }}

Trump 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.{{cite news|url=https://www.huffingtonpost.com/entry/donald-trump-conflict-of-interest_us_587660f3e4b05b7a465cdf13|title=Donald Trump Won't Divest From His Business Interests, Opening Door To Years Of Ethics Conflicts|last=Blumenthal|first=Paul|date=January 11, 2017|work=The Huffington Post|access-date=January 11, 2017|archive-url=https://web.archive.org/web/20170112064519/http://www.huffingtonpost.com/entry/donald-trump-conflict-of-interest_us_587660f3e4b05b7a465cdf13|archive-date=January 12, 2017|url-status=live}}{{Cite news|url=https://www.cnbc.com/2017/01/12/us-ethics-chief-slams-trump-halfway-blind-trust-as-failing-to-meet-acceptable-standard.html|title=US ethics chief slams Trump 'halfway blind' trust as failing to meet acceptable standard|last=Acton|first=Gemma|date=January 12, 2017|work=CNBC|access-date=March 16, 2018|archive-url=https://web.archive.org/web/20180317035722/https://www.cnbc.com/2017/01/12/us-ethics-chief-slams-trump-halfway-blind-trust-as-failing-to-meet-acceptable-standard.html|archive-date=March 17, 2018|url-status=live}} His attorney at the time, Sheri Dillon, said Trump's assets would be overseen by an ethics officer, and that the Trump Organization would not pursue any new foreign business deals.{{cite news|url=https://www.usatoday.com/story/news/politics/2017/01/11/trump-wont-drop-ownership-business/96443170/|title=Trump won't drop ownership of business|last=Schouten|first=Fredrecka|date=January 11, 2017|work=USA Today|access-date=January 11, 2017|archive-url=https://web.archive.org/web/20170111175557/http://www.usatoday.com/story/news/politics/2017/01/11/trump-wont-drop-ownership-business/96443170/|archive-date=January 11, 2017|url-status=live}} Under the pre-inaugural management agreement, Forbes magazine reported in March 2017:

The 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 (though it has apparently resurrected an old deal in the Dominican Republic). Trump's international hotel licensing and management business makes up only $220 million of his estimated $3.5 billion fortune, but it's the most dynamic part of the Trump portfolio{{snd}}and it throws off chunks of cash with virtually no risk. As the Trumps have wound down some international deals, they continue to push forward with new domestic agreements.

Eric Trump, in the Forbes article, discussed the "clear separation of church and state that we maintain" between the business and his father and said that with his father's presidency and related changes "[y]ou could look at it either way" in terms of business prospects. He also said that "he will continue to update his father on the business while he is in the presidency ... 'probably quarterly ... profitability reports and stuff like that'." The article quoted Larry Noble, general counsel of the nonpartisan Campaign Legal Center and a former chief ethics officer at the Federal Election Commission, and President George W. Bush's former chief ethics lawyer, Richard Painter, as looking negatively at such multiple planned updates of Trump's businesses per year. Noble said in part "if he is now going to get reports from his son about the businesses, then he really isn't separate in any real way." Painter said in part "at the end of the day, he owns the business. He has the conflicts that come with it."

Also in March 2017, Forbes did a listing of all "36 mini-Trumps", as it termed the domestic and international partners{{snd}}often described as "billionaires"{{snd}}with whom the Trump Organization has worked over the years. Introducing the listing, the magazine reported that at least 14 of the partners attended Trump's inauguration and some of them paid for $18,000-a-night accommodations at the Trump International Hotel in Washington, D.C., for the event.

In April 2020, amid the COVID-19 pandemic in the United States, Eric Trump stated that the Trump Organization had requested rental relief from the landlord for its Trump International Hotel, which is the General Services Administration of the federal government.{{cite news |last1=Protess |first1=Ben |last2=Eder |first2=Steve |last3=Enrich |first3=David |title=Trump (the Company) Asks Trump (the Administration) for Hotel Relief |url=https://www.nytimes.com/2020/04/21/business/trump-hotel-coronavirus.html |access-date=June 12, 2020 |work=The New York Times |date=April 21, 2020 |archive-url=https://archive.today/20200422115519/https://www.nytimes.com/2020/04/21/business/trump-hotel-coronavirus.html |archive-date=April 22, 2020}}

In September 2020, it was revealed that Trump's properties had charged the government over $1.1 million since the beginning of his presidency. At the Bedminster club, for example, the Secret Service rented a three-bedroom cottage for $17,000 per month. The Washington Post arrived at this total amount after it filed a public-records lawsuit and pieced together receipts and invoices from Trump's businesses.{{Cite web|last1=Fahrenthold|first1=David A.|last2=Dawsey|first2=Josh|date=September 17, 2020|title=Trump's businesses charged Secret Service more than $1.1 million, including for rooms in club shuttered for pandemic|url=https://www.stripes.com/news/us/trump-s-businesses-charged-secret-service-more-than-1-1-million-including-for-rooms-in-club-shuttered-for-pandemic-1.645465|access-date=September 18, 2020|website=Stars and Stripes|archive-date=February 18, 2021|archive-url=https://web.archive.org/web/20210218211745/https://www.stripes.com/news/us/trump-s-businesses-charged-secret-service-more-than-1-1-million-including-for-rooms-in-club-shuttered-for-pandemic-1.645465|url-status=dead}}

Political contributions were also spent at Trump properties. The total amount paid by the Trump campaign to Trump properties during his presidency is estimated at $10–17 million.{{Cite web|last=Papenfuss|first=Mary|date=February 5, 2021|title=$2.8 Million In Trump Reelection Donations Went To The Trump Organization: Report|url=https://www.huffpost.com/entry/reelection-donations-trump-organization_n_601de3cbc5b6f38d06e399dd|access-date=2021-02-06|website=Huffington Post|language=en|archive-date=February 6, 2021|archive-url=https://web.archive.org/web/20210206171100/https://www.huffpost.com/entry/reelection-donations-trump-organization_n_601de3cbc5b6f38d06e399dd|url-status=live}}

File:White House for Sale - How Princes, Prime Ministers, and Premiers Paid Off President Trump - Report.pdf detailing over $7.8 million in payments made by foreign governments to Donald Trump during his presidency.]]

Conflict of interest concerns were raised soon after Trump became president when China preliminarily approved 38 trademarks in his name for a variety of branded businesses including hotels, restaurants, spas, escort services, and massage parlors. Trump had applied for the trademarks as a candidate in April 2016.{{cite news |last=Revesz |first=Rachel |title=China approves Donald Trump-branded spas, escort services, hotels and massage parlours without US Congress permission |url=https://www.independent.co.uk/news/world/americas/china-donald-trump-branded-without-us-congress-permission-trademarks-spas-escort-services-hotels-and-massage-parlours-a7619136.html |work=The Independent |date=March 8, 2017 |access-date=April 2, 2023}}{{cite news |last=Wee |first=Sui-Lee |title=In China, Trump Wins a Trove of New Trademarks |url=https://www.nytimes.com/2017/03/08/business/china-trademark-donald-trump.html |work=The New York Times |date=March 8, 2017 |access-date=April 2, 2023}} In 2018 and 2019, China granted 23 trademarks to Trump-owned companies and to Ivanka Trump while the U.S. administration and China were engaged in trade negotiations.{{cite news |last=Kinetz |first=Erika |url=https://apnews.com/article/ivanka-trump-asia-pacific-business-china-international-news-0a3283036d2f4e699da4aa3c6dd01727 |title=China grants 18 trademarks in 2 months to Trump, daughter |work=Associated Press News |date=November 7, 2018 |access-date=April 2, 2023}}{{cite news |last=Kinetz |first=Erika |url=https://apnews.com/article/ivanka-trump-politics-asia-pacific-business-china-2ffd383b26d24597aa4aefbf4e5def48 |title=China grants Ivanka Trump 5 trademarks amid trade talks |work=Associated Press News |date=January 22, 2019 |access-date=April 2, 2023}}

In January 2024, Democratic members of the US House Committee on Oversight and Accountability released a report, White House for Sale: How Princes, Prime Ministers, and Premiers Paid Off President Trump, detailing over $7.8 million in payments from foreign governments to Trump-owned businesses. After Republicans took control of the House in the 2022 midterm elections, the committee stopped requesting financial records from Trump's accounting firm, Mazars, leading the report to assume that additional payments had occurred.{{Cite report |url=https://oversightdemocrats.house.gov/sites/democrats.oversight.house.gov/files/2024-01-04.COA%20DEMS%20-%20Mazars%20Report.pdf |title=White House for Sale: How Princes, Prime Ministers, and Premiers Paid Off President Trump |work=Democratic Staff of House Committee on Oversight and Accountability |date=January 4, 2024 |access-date=January 6, 2024 |archive-url=https://web.archive.org/web/20240105152023/https://oversightdemocrats.house.gov/sites/democrats.oversight.house.gov/files/2024-01-04.COA%20DEMS%20-%20Mazars%20Report.pdf |archive-date=January 5, 2024 |url-status=live}}{{Cite news |last=Broadwater |first=Luke |date=January 4, 2024 |title=Trump Received Millions From Foreign Governments as President, Report Finds |url=https://www.nytimes.com/2024/01/04/us/politics/trump-hotels-foreign-business-report.html |access-date=January 6, 2024 |work=The New York Times}}

{{Main|New York investigations of the Trump Organization}}

File:Fred Trump in the 1980s (cropped).jpg in the 1980s]]

In August 2018, the Manhattan district attorney (DA) was reported to be considering criminal charges against the organization and two of its senior executives for their accounting of then-Trump personal attorney Michael Cohen's hush money payment to Stormy Daniels.{{cite news |last=Rashbaum |first=William K. |title=Manhattan D.A. Eyes Criminal Charges Against Trump Organization |url=https://www.nytimes.com/2018/08/23/nyregion/trump-organization-criminal-charges-vance.html |work=The New York Times |date=August 23, 2018 |access-date=July 5, 2021 |archive-date=August 24, 2018 |archive-url=https://web.archive.org/web/20180824013356/https://www.nytimes.com/2018/08/23/nyregion/trump-organization-criminal-charges-vance.html |url-status=live }}

In October 2018, The New York Times published a lengthy exposé concerning Donald Trump's inheritance from his parents, Fred and Mary Anne MacLeod Trump. It includes detailed analyses of Trump family financial records.{{efn|This drew from interviews with former Trump advisers and employees and over 100,000 pages of tax returns and financial records from Trump businesses. Donald's niece Mary L. Trump revealed in her 2020 memoir that she provided the Times with 19 boxes of these financial records.{{cite web |last=Swan |first=Jonathan |date=July 7, 2020 |title=Mary Trump book: How she leaked Trump financials to NYT |url=https://www.axios.com/mary-trump-book-donald-trump-financials-c1635cb1-d1b0-48e0-b816-72d270170796.html |access-date=July 22, 2020 |work=Axios |archive-date=July 22, 2020 |archive-url=https://web.archive.org/web/20200722115838/https://www.axios.com/mary-trump-book-donald-trump-financials-c1635cb1-d1b0-48e0-b816-72d270170796.html |url-status=live }}}} The article describes an alleged tax fraud scheme conducted by Trump and his siblings related to their joint inheritance of their parents's real estate holdings, effectively evading over $500 million in gift and estate taxes. The alleged schemes involved siphoning money from the companies to the children throughout their lives and understating the value of transferred properties.{{Cite web|last1=Barstow|first1=David|last2=Craig|first2=Susanne|last3=Buettner|first3=Russ|date=October 2, 2018|title=Trump Engaged in Suspect Tax Schemes as He Reaped Riches From His Father|url=https://www.nytimes.com/interactive/2018/10/02/us/politics/donald-trump-tax-schemes-fred-trump.html|url-status=live|archive-url=https://web.archive.org/web/20181008213626/https://www.nytimes.com/interactive/2018/10/02/us/politics/donald-trump-tax-schemes-fred-trump.html|archive-date=October 8, 2018|access-date=October 9, 2018|work=The New York Times}} In mid-2021, Mary L. Trump (a primary source for the exposé) 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.{{Cite web|last=The Daily Beast|date=July 6, 2021|title=Ivanka Just Might Flip on Her Dad, Mary Trump Says|url=https://news.yahoo.com/ivanka-just-might-flip-her-091226742.html|access-date=2021-07-06|website=Yahoo! News|language=en-US|archive-date=July 6, 2021|archive-url=https://web.archive.org/web/20210706095058/https://news.yahoo.com/ivanka-just-might-flip-her-091226742.html|url-status=live}}

Michael Cohen testified to Congress in February 2019 that Trump "inflated [the organization's] total assets when it served his purposes, such as trying to be listed amongst the wealthiest people in Forbes, and deflated his assets to reduce his real estate taxes."{{cite news|url=https://www.washingtonpost.com/politics/trump-inflated-his-total-assets-when-it-served-his-purposes-cohen-alleges-in-his-hearing-citing-financial-documents/2019/02/27/4c41d4e2-3ab3-11e9-a2cd-307b06d0257b_story.html|title=Trump 'inflated his total assets when it served his purposes,' Cohen alleges in his hearing, citing financial documents|last1=O'Connell|first1=Jonathan|last2=Farenthold|first2=David A.|date=February 27, 2019|newspaper=The Washington Post|access-date=4 July 2021|archive-date=February 10, 2021|archive-url=https://web.archive.org/web/20210210170122/https://www.washingtonpost.com/politics/trump-inflated-his-total-assets-when-it-served-his-purposes-cohen-alleges-in-his-hearing-citing-financial-documents/2019/02/27/4c41d4e2-3ab3-11e9-a2cd-307b06d0257b_story.html|url-status=live}} Following Cohen's testimony, the New York State Department of Financial Services issued a subpoena to Aon, the organization's longtime insurance broker.{{cite news|url=https://www.nytimes.com/2019/03/05/nyregion/trump-aon-risk-services-subpoena.html|title=Trump Organization's Insurance Policies Under Scrutiny in New York|first1=William K.|last1=Rashbaum|first2=Ben|last2=Protess|newspaper=The New York Times|date=March 5, 2019|access-date=March 7, 2019|archive-url=https://web.archive.org/web/20190307191343/https://www.nytimes.com/2019/03/05/nyregion/trump-aon-risk-services-subpoena.html|archive-date=March 7, 2019|url-status=live}} By September 2019, the organization was under federal investigation by the Southern District of New York regarding inflated insurance claims allegations.{{Cite web|url=https://www.nytimes.com/interactive/2019/05/13/us/politics/trump-investigations.html|title=Tracking 30 Investigations Related to Trump|first1=Larry|last1=Buchanan|first2=Karen|last2=Yourish|date=September 25, 2019|website=The New York Times|access-date=July 11, 2021|archive-date=May 22, 2019|archive-url=https://web.archive.org/web/20190522033520/https://www.nytimes.com/interactive/2019/05/13/us/politics/trump-investigations.html|url-status=live}}

In January 2020, D.C. Attorney General, Karl Racine sued the organization and Trump's inaugural committee on the basis that it had funneled nonprofit funding intended for the inauguration to the Trumps via event accommodations and a private party costing several hundred thousand dollars at the Trump Hotel. Ivanka Trump testified in December 2020 that she had little to no involvement in the event, which Mother Jones reported in June 2021 was false.{{Cite web|last=Levin|first=Bess|date=June 28, 2021|title=It Sure Sounds Like Ivanka Trump Lied Under Oath to Criminal Investigators|url=https://www.vanityfair.com/news/2021/06/ivanka-trump-dc-deposition-lies|access-date=2021-07-06|website=Vanity Fair|language=en-US|archive-date=June 29, 2021|archive-url=https://web.archive.org/web/20210629195241/https://www.vanityfair.com/news/2021/06/ivanka-trump-dc-deposition-lies|url-status=live}}{{Cite web|last=Corn|first=David|date=June 28, 2021|title=Documents show Ivanka Trump didn't testify accurately in inauguration scandal case|url=https://www.motherjones.com/politics/2021/06/documents-show-ivanka-trump-didnt-testify-accurately-in-inauguration-scandal-case/|access-date=2021-07-06|website=Mother Jones|language=en-US|archive-date=July 8, 2021|archive-url=https://web.archive.org/web/20210708014316/https://www.motherjones.com/politics/2021/06/documents-show-ivanka-trump-didnt-testify-accurately-in-inauguration-scandal-case/|url-status=live}} Donald Jr. similarly made key statements in his February 2021 testimony which Mother Jones reported in April 2021 were false.{{Cite web|last=Corn|first=David|date=April 27, 2021|title=In sworn testimony in inauguration scandal case, Donald Trump Jr. made apparently false statements|url=https://www.motherjones.com/politics/2021/04/in-sworn-testimony-in-inauguration-scandal-case-donald-trump-jr-made-apparently-false-statements/|access-date=2021-07-06|website=Mother Jones|language=en-US|archive-date=June 14, 2021|archive-url=https://web.archive.org/web/20210614081734/https://www.motherjones.com/politics/2021/04/in-sworn-testimony-in-inauguration-scandal-case-donald-trump-jr-made-apparently-false-statements/|url-status=live}} In November 2021, a D.C. Superior Court judge dismissed a portion of the lawsuit and dropped the organization as a defendant.{{Cite web|last=Shamsian|first=Jacob|date=2021-11-09|title=A judge tossed out part of the DC attorney general's lawsuit alleging Trump's 2017 inaugural fund misused its money|url=https://www.businessinsider.com/judge-grants-trump-partial-win-washington-dc-inaugural-fund-lawsuit-2021-11|access-date=2022-02-16|website=Business Insider|language=en-US|archive-date=February 15, 2022|archive-url=https://web.archive.org/web/20220215133847/https://www.businessinsider.com/judge-grants-trump-partial-win-washington-dc-inaugural-fund-lawsuit-2021-11|url-status=live}} Later that month, Racine filed a motion requesting for the organization to be reinstated as a defendant. In February 2022, this request was granted.{{Cite web|last=Shamsian|first=Jacob|date=February 15, 2022|title=A judge just handed Trump a major loss in the DC attorney general's lawsuit over inauguration funds as the case heads to trial|url=https://www.businessinsider.com/judge-reinstates-trump-organization-defendant-inauguration-lawsuit-2022-2|access-date=2022-02-16|website=Business Insider|language=en-US|archive-date=February 16, 2022|archive-url=https://web.archive.org/web/20220216010426/https://www.businessinsider.com/judge-reinstates-trump-organization-defendant-inauguration-lawsuit-2022-2|url-status=live}} In May, it was reported that the organization and inaugural committee, which both denied wrongdoing, would pay a $750,000 settlement which will benefit two D.C.-based nonprofits.{{Cite news |last=Stempel |first=Jonathan |date=2022-05-03 |title=Trump Organization settles lawsuit over DC hotel payments tied to inauguration |language=en |work=Reuters |url=https://www.reuters.com/world/us/trump-organization-settles-lawsuit-over-dc-hotel-payments-tied-inauguration-2022-05-03/ |access-date=2022-05-08 |archive-date=May 8, 2022 |archive-url=https://web.archive.org/web/20220508060159/https://www.reuters.com/world/us/trump-organization-settles-lawsuit-over-dc-hotel-payments-tied-inauguration-2022-05-03/ |url-status=live }}

In August 2020, New York Attorney General (AG) Letitia James disclosed in a court filing that her office was conducting a civil investigation of the organization for the asset inflation allegation, asking a court to compel the organization to provide information it had been withholding.{{Cite news|last1=Fahrenthold|first1=David A.|last2=O'Connell|first2=Jonathan|last3=Joshua|first3=Partlow|date=August 24, 2020|title=New York attorney general files legal action against Trump Organization, revealing state investigation into the company's financial dealings|url=https://www.washingtonpost.com/politics/new-york-ag-trump-organization-lawsuit/2020/08/24/882c03a8-e60e-11ea-bc79-834454439a44_story.html|url-status=dead|access-date=2021-12-21|newspaper=The Washington Post|archive-date=August 24, 2020|archive-url=https://web.archive.org/web/20200824231451/https://www.washingtonpost.com/politics/new-york-ag-trump-organization-lawsuit/2020/08/24/882c03a8-e60e-11ea-bc79-834454439a44_story.html}} The Manhattan DA, which had been seeking Donald Trump's tax returns, suggested in an August 2020 federal court filing that the organization was under investigation for bank and insurance fraud.{{Cite web|url=https://www.nbcnews.com/politics/white-house/trump-org-under-investigation-insurance-bank-fraud-filing-suggests-n1235658|date=August 3, 2020|title=Trump Organization under investigation for 'insurance and bank fraud,' filing suggests|website=NBC News|last=Winter|first=Tom|access-date=July 11, 2021|archive-date=February 18, 2021|archive-url=https://web.archive.org/web/20210218212416/https://www.nbcnews.com/politics/white-house/trump-org-under-investigation-insurance-bank-fraud-filing-suggests-n1235658|url-status=live}} Eric Trump was deposed on October 5. He reportedly invoked his Fifth Amendment right against self-incrimination over 500 times.{{Cite news|last=Scannell|first=Kara|date=October 5, 2020|title=Eric Trump sat for deposition as part of investigation by New York attorney general|work=CNN|url=https://www.cnn.com/2020/10/05/politics/eric-trump-deposition-nyag/index.html|access-date=January 3, 2021|archive-date=December 17, 2020|archive-url=https://web.archive.org/web/20201217150117/https://www.cnn.com/2020/10/05/politics/eric-trump-deposition-nyag/index.html|url-status=live}}{{Cite web |last1=Gregorian |first1=Dareh |last2=Winter |first2=Tom |date=2022-01-20 |title=Trump's filing cabinets and Post-It notes: New York AG details new areas of interest in company probe |url=https://www.nbcnews.com/politics/donald-trump/trump-s-filing-cabinets-post-it-notes-new-york-ag-n1287775 |url-status=live |access-date=2022-01-21 |website=NBC News |language=en |archive-date=May 27, 2022 |archive-url=https://web.archive.org/web/20220527203810/https://www.nbcnews.com/politics/donald-trump/trump-s-filing-cabinets-post-it-notes-new-york-ag-n1287775 }}

{{Infobox court case

| name = People v. Trump Corporation

| image = Seal of New York (state).svg

| imagesize = 70px

| caption =

| court = Supreme Court of the State of New York County of New York

| full name = The People of the State of New York v. The Trump Organization, d/b/a The Trump Organization, Trump Payroll Corp., d/b/a The Trump Organization, Allen Weisselberg

| indictment =

| start date =

| date decided =

| verdict =

| defendant = Trump Organization, Trump Payroll Organization, and Allen Weisselberg

| Outcome =

| italic title = no

| judge =

| keywords =

}}

On May 18, 2021, the New York AG's office announced that it was joining the Manhattan DA's office in probing the organization "in a criminal capacity."{{Cite news|title=New York Attorney General Investigation into Trump Organization Investigation is Now Criminal|work=Daily Newsbrief|publisher=Fourth Estate Public Benefit Corporation|url=https://dailynewsbrief.com/2021/05/19/new-york-attorney-general-investigation-into-trump-organization-investigation-is-now-criminal/|access-date=May 19, 2021|archive-date=May 19, 2021|archive-url=https://web.archive.org/web/20210519125800/https://dailynewsbrief.com/2021/05/19/new-york-attorney-general-investigation-into-trump-organization-investigation-is-now-criminal/|url-status=live}} The Manhattan DA convened a special grand jury to consider indicting Trump, his company and/or executives.{{cite news |last1=Jacobs |first1=Shayna |title=Prosecutor in Trump criminal probe convenes grand jury to hear evidence, weigh potential charges |url=https://www.washingtonpost.com/national-security/trump-investigation-grand-jury/2021/05/25/5f47911c-bcca-11eb-83e3-0ca705a96ba4_story.html |newspaper=The Washington Post |date=May 25, 2021 |access-date=May 26, 2022 |archive-date=May 26, 2021 |archive-url=https://web.archive.org/web/20210526202940/https://www.washingtonpost.com/national-security/trump-investigation-grand-jury/2021/05/25/5f47911c-bcca-11eb-83e3-0ca705a96ba4_story.html |url-status=live }}{{Cite web|last=Sisak|first=Michael R.|url=https://apnews.com/article/donald-trump-trump-investigations-business-government-and-politics-80592eae7ba9ca508a3161e085a0fec6|title=New grand jury seated for next stage of Trump investigation|date=May 25, 2021|website=AP News|access-date=May 26, 2022|archive-date=June 1, 2021|archive-url=https://web.archive.org/web/20210601014308/https://apnews.com/article/donald-trump-trump-investigations-business-government-and-politics-80592eae7ba9ca508a3161e085a0fec6|url-status=live}} By June 2021, longtime chief financial officer Allen Weisselberg and chief operating officer Matthew Calamari were under scrutiny of the Manhattan DA investigation.{{Cite web|last1=Rebecca|first1=Rebecca|last2=Ramey|first2=Corinne|date=June 21, 2021|title=Donald Trump's Former Bodyguard Under Scrutiny in New York Probe|url=https://www.wsj.com/articles/donald-trump-bodyguard-matthew-calamari-11624308000|url-access=limited|access-date=2021-07-18|website=The Wall Street Journal|archive-date=July 3, 2021|archive-url=https://web.archive.org/web/20210703090303/https://www.wsj.com/articles/donald-trump-bodyguard-matthew-calamari-11624308000|url-status=live}}{{Cite news|last1=Ramey|first1=Corinne|last2=Ballhaus|first2=Rebecca|date=2021-08-19|title=Trump Organization and Prosecutors Spar Over Evidence – Out of Public View|language=en-US|work=The Wall Street Journal|url=https://www.wsj.com/articles/trump-organization-and-prosecutors-spar-over-evidenceout-of-public-view-11629392117|access-date=2021-08-20|issn=0099-9660|archive-date=August 22, 2021|archive-url=https://web.archive.org/web/20210822173700/https://www.wsj.com/articles/trump-organization-and-prosecutors-spar-over-evidenceout-of-public-view-11629392117|url-status=live}}

On July 1, 2021, the Manhattan district attorney criminally charged the Trump Organization with a "15 year 'scheme to defraud' the government", conspiracy, and falsifying business records. Prosecutors filed 10 charges against the organization and its Trump Payroll Corporation entity, and 15 felony counts against Weisselberg, including grand larceny and offering a false instrument for filing.{{cite news |last1=Protess |first1=Ben |last2=Rashbaum |first2=William K. |last3=Bromwich |first3=Jonah E. |url=https://www.nytimes.com/2021/07/01/nyregion/allen-weisselberg-charged-trump-organization.html |archive-url=https://ghostarchive.org/archive/20211228/https://www.nytimes.com/2021/07/01/nyregion/allen-weisselberg-charged-trump-organization.html |archive-date=2021-12-28 |url-access=limited |title=Trump Organization Is Charged in 15-Year Tax Scheme |work=The New York Times |date=July 1, 2021 |access-date=July 1, 2021}}{{cbignore}}{{cite news |last1=Jacobs |first1=Shayna |last2=Fahrenthold |first2=David A. |last3=Dawsey |first3=Josh |last4=O'Connell |first34=Jonathan |url=https://www.washingtonpost.com/politics/trump-business-weisselberg-indictments/2021/07/01/e2b774a0-da15-11eb-bb9e-70fda8c37057_story.html |title=Trump Organization and CFO Allen Weisselberg arraigned on multiple criminal charges as prosecutors alleged a 15-year tax fraud scheme |newspaper=The Washington Post |date=July 1, 2021 |access-date=July 1, 2021 |archive-date=July 2, 2021 |archive-url=https://web.archive.org/web/20210702010417/https://www.washingtonpost.com/politics/trump-business-weisselberg-indictments/2021/07/01/e2b774a0-da15-11eb-bb9e-70fda8c37057_story.html |url-status=live }}{{Cite web|last1=Orden|first1=Erica|last2=Scannell|first2=Kara|date=1 July 2021|title=Prosecutors charge Trump Organization with a 15-year tax scheme|url=https://www.cnn.com/2021/07/01/politics/trump-organization-allen-weisselberg/index.html|access-date=1 July 2021|work=CNN|archive-date=July 1, 2021|archive-url=https://web.archive.org/web/20210701093921/https://www.cnn.com/2021/07/01/politics/trump-organization-allen-weisselberg/index.html|url-status=live}} Prosecutors allege that Weisselberg received about $1.76 million in undeclared indirect compensation in the form of free rent and utilities, car leases for himself and his wife, and school tuition for his grandchildren.{{cite news |last=Prokop |first=Andrews |url=https://www.vox.com/22555751/allen-weisselberg-indictment-trump-grand-larceny |title=The indictment of the Trump Organization and its CFO Allen Weisselberg, explained |work=Vox |date=July 1, 2021 |access-date=July 11, 2021 |archive-date=July 29, 2021 |archive-url=https://web.archive.org/web/20210729183758/https://www.vox.com/22555751/allen-weisselberg-indictment-trump-grand-larceny |url-status=live }}{{Cite web|last=Byrnes|first=Jesse|date=2021-07-04|title=Five things to know about the Trump Organization indictment|url=https://thehill.com/policy/finance/561423-five-things-to-know-about-the-trump-organization-indictment/|access-date=2021-07-04|website=The Hill|language=en|archive-date=July 6, 2021|archive-url=https://web.archive.org/web/20210706233821/https://thehill.com/policy/finance/561423-five-things-to-know-about-the-trump-organization-indictment|url-status=live}}

Both the organization and Weisselberg pleaded not guilty.{{Cite magazine|last=Levin|first=Bess|date=2021-07-19|title=Report: Prosecutors Have Obtained Damning Information Allegedly Implicating Trump in His Company's Crimes|url=https://www.vanityfair.com/news/2021/07/jennifer-weisselberg-donald-trump-prosecutors|access-date=2021-07-22|magazine=Vanity Fair|language=en-US|archive-date=July 22, 2021|archive-url=https://web.archive.org/web/20210722030053/https://www.vanityfair.com/news/2021/07/jennifer-weisselberg-donald-trump-prosecutors|url-status=live}} On July 8, the Trump Organization removed Weisselberg as director of the company running Trump International Golf Links, Scotland; on July 9, the company removed him as director of 40 subsidiaries registered in Florida.{{Cite news |last1=Fahrenthold |first1=David A. |last2=Jacobs |first2=Shayna |title=Trump Organization removes indicted top finance officer Allen Weisselberg from leadership roles at dozens of subsidiaries |newspaper=The Washington Post |url=https://www.washingtonpost.com/politics/trump-organization-removes-weisselberg/2021/07/12/ba9052c4-e354-11eb-a41e-c8442c213fa8_story.html |date=July 12, 2021 |access-date=July 12, 2021 |archive-date=July 12, 2021 |archive-url=https://web.archive.org/web/20210712224310/https://www.washingtonpost.com/politics/trump-organization-removes-weisselberg/2021/07/12/ba9052c4-e354-11eb-a41e-c8442c213fa8_story.html |url-status=live }} It was later reported that Weisselberg had invoked his Fifth Amendment right against self-incrimination over 500 times.

The Manhattan DA convened a second grand jury the last week of October 2021; it began to hear evidence on November 4, reportedly to consider charges related to the company's valuation of assets.{{Cite web|last=Shamsian|first=Jacob|date=2021-11-04|title=The Manhattan DA's office has convened a second grand jury to weigh potential criminal charges against the Trump Organization, report says|url=https://www.businessinsider.com/trump-organization-investigation-manhattan-da-convenes-2nd-grand-jury-2021-11|access-date=2021-11-09|website=Business Insider|language=en-US|archive-date=November 10, 2021|archive-url=https://web.archive.org/web/20211110000547/https://www.businessinsider.com/trump-organization-investigation-manhattan-da-convenes-2nd-grand-jury-2021-11|url-status=live}}

By November 22, prosecutors were scrutinizing several of the organization's properties for which, between 2011 and 2015, far higher values were presented to potential lenders than were reported to tax officials. In the most extreme case, in 2012, the 40 Wall Street building was cited as being worth $527 million to the former, but only $16.7 million to the latter.{{cite news|last1=Fahrenthold|first1=David A.|last2=O'Connell|first2=Jonathan|last3=Dawsey|first3=Josh|last4=Jacobs|first4=Shayna|date=November 22, 2021|title=N.Y. prosecutors set sights on new Trump target: Widely different valuations on the same properties|newspaper=The Washington Post|url=https://www.washingtonpost.com/politics/trump-organization-investigation-property-values-vance-james/2021/11/19/78c15850-4706-11ec-95dc-5f2a96e00fa3_story.html|access-date=2021-11-28|archive-date=November 23, 2021|archive-url=https://web.archive.org/web/20211123011224/https://www.washingtonpost.com/politics/trump-organization-investigation-property-values-vance-james/2021/11/19/78c15850-4706-11ec-95dc-5f2a96e00fa3_story.html|url-status=live}} Michael Cohen subsequently stated that prosecutors could "indict Donald Trump tomorrow if they really wanted, and be successful".{{Cite web|last=Pengelly|first=Martin|date=2021-11-28|title=Michael Cohen: prosecutors could 'indict Trump tomorrow' if they wanted|url=https://www.theguardian.com/us-news/2021/nov/28/michael-cohen-trump-organization-investigations|access-date=2021-12-03|website=The Guardian|language=en|archive-date=December 2, 2021|archive-url=https://web.archive.org/web/20211202180259/https://www.theguardian.com/us-news/2021/nov/28/michael-cohen-trump-organization-investigations|url-status=live}} On December 1, the New York AG subpoenaed Trump in the civil case, with plans to depose him on January 7, 2022.{{Cite news|last1=Dawsey|first1=Josh|last2=Fahrenthold|first2=David A.|date=9 December 2021|title=New York attorney general seeks Trump's deposition as part of civil fraud investigation|newspaper=The Washington Post|url=https://www.washingtonpost.com/politics/donald-trump-letitia-james-deposition/2021/12/09/01b10140-587f-11ec-a219-9b4ae96da3b7_story.html|access-date=9 December 2021|archive-date=December 9, 2021|archive-url=https://web.archive.org/web/20211209231935/https://www.washingtonpost.com/politics/donald-trump-letitia-james-deposition/2021/12/09/01b10140-587f-11ec-a219-9b4ae96da3b7_story.html|url-status=live}}{{Cite news|last1=Rashbaum|first1=William K.|last2=Bromwich|first2=Jonah E.|date=2022-01-03|title=New York A.G. Seeks to Question Trump Children in Fraud Inquiry|language=en-US|work=The New York Times|url=https://www.nytimes.com/2022/01/03/nyregion/letitia-james-ivanka-donald-trump-jr-subpoena.html|access-date=2022-01-03|issn=0362-4331|archive-date=January 4, 2022|archive-url=https://web.archive.org/web/20220104041434/https://www.nytimes.com/2022/01/03/nyregion/letitia-james-ivanka-donald-trump-jr-subpoena.html|url-status=live}} Ivanka and Donald Trump Jr. were issued subpoenas in the matter on the same day.{{Cite web|last=Katersky|first=Aaron|date=2022-01-03|title=Eldest Trump children won't comply with subpoenas from New York attorney general|url=https://abcnews.go.com/US/eldest-trump-children-comply-subpoenas-york-attorney-general/story?id=82052732|access-date=2022-01-03|website=ABC News|language=en|archive-date=January 4, 2022|archive-url=https://web.archive.org/web/20220104034238/https://abcnews.go.com/US/eldest-trump-children-comply-subpoenas-york-attorney-general/story?id=82052732|url-status=live}}

By mid-December 2021, an accountant for Trump had testified before the grand jury.{{Cite web|last=Melber|first=Ari|date=December 14, 2021|title=Trump's legal nightmare: New witness testifies in Trump fraud probe|url=https://www.msnbc.com/the-beat-with-ari/watch/trump-s-legal-nightmare-new-witness-testifies-in-trump-fraud-probe-128734277809|access-date=2021-12-22|website=The Beat with Ari Melber|language=en|via=MSNBC.com|archive-date=December 22, 2021|archive-url=https://web.archive.org/web/20211222091438/https://www.msnbc.com/the-beat-with-ari/watch/trump-s-legal-nightmare-new-witness-testifies-in-trump-fraud-probe-128734277809|url-status=live}} Prosecutors were reportedly examining whether the organization provided its outside accountants, Mazars USA, with cherry-picked information with which to prepare favorable financial statements to present to prospective lenders. Mazars provided disclaimers with its financial statements for the organization, indicating that the firm had not audited, reviewed, or given any assurances about them, and noting that "Donald J. Trump is responsible for the preparation and fair presentation of the financial statement in accordance with accounting principles generally accepted in the United States of America."

The Republican National Committee (RNC) agreed to pay up to $1.6 million of Trump's legal expenses for his defense in both the civil and criminal cases, which an RNC spokesperson referred to as "politically motivated legal proceedings".{{cite news|last1=Dawsey|first1=Josh|last2=Fahrenthold|first2=David A.|date=December 16, 2021|title=GOP agrees to pay up to $1.6 million of Trump's legal bills in N.Y. probes|newspaper=The Washington Post|url=https://www.washingtonpost.com/politics/republican-party-trump-legal-bills-new-york-probe/2021/12/16/08af4524-5c3f-11ec-9c0e-a955f8a009c1_story.html|access-date=December 16, 2021|archive-date=December 17, 2021|archive-url=https://web.archive.org/web/20211217193635/https://www.washingtonpost.com/politics/republican-party-trump-legal-bills-new-york-probe/2021/12/16/08af4524-5c3f-11ec-9c0e-a955f8a009c1_story.html|url-status=live}}

In December 2021, Trump's lawyer Alina Habba filed a lawsuit against New York AG Letitia James, alleging that the investigation of the former president was "guided solely by political animus and a desire to harass, intimidate, and retaliate against a private citizen who she views as a political opponent" and that his civil rights were being violated.{{Cite web|last=Gerstein|first=Josh|date=2021-12-20|title=Trump sues N.Y. attorney general James to block fraud probes|url=https://www.politico.com/news/2021/12/20/trump-sues-ny-attorney-general-525736|access-date=2021-12-21|website=Politico|language=en|archive-date=December 21, 2021|archive-url=https://web.archive.org/web/20211221012643/https://www.politico.com/news/2021/12/20/trump-sues-ny-attorney-general-525736|url-status=live}} A federal judge dismissed the suit in May 2022.{{cite news |last1=Sisak |first1=Michael R. |title=Judge dismisses Trump's lawsuit, allowing NY probe to go on |url=https://apnews.com/article/new-york-lawsuits-donald-trump-government-and-politics-80a4e5e9ab329676a51fffcac0d016ff |publisher=Associated Press |date=May 27, 2022 |access-date=November 5, 2022 |archive-date=November 5, 2022 |archive-url=https://web.archive.org/web/20221105155127/https://apnews.com/article/new-york-lawsuits-donald-trump-government-and-politics-80a4e5e9ab329676a51fffcac0d016ff |url-status=live }}

On January 3, 2022, James and a lawyer for the organization filed a court document noting that Donald Trump and his two eldest children had moved to block their subpoenas on the premise that the AG was attempting to sidestep due process to gather evidence against them in the related criminal case. James argued that the Trumps were using a continued pattern of "delay tactics" to keep her from interviewing them under oath.{{Cite web|last=Slisco|first=Aila|date=2022-01-03|title=N.Y. AG Letitia James says legal 'delay tactics' won't stop probe of Trump family|url=https://www.newsweek.com/ny-ag-letitia-james-says-legal-delay-tactics-wont-stop-probe-trump-family-1665193|access-date=2022-01-09|website=Newsweek|language=en|archive-date=January 10, 2022|archive-url=https://web.archive.org/web/20220110125448/https://www.newsweek.com/ny-ag-letitia-james-says-legal-delay-tactics-wont-stop-probe-trump-family-1665193|url-status=live}} On January 10, Habba filed a motion seeking a stay of proceedings to allow an injunction against James.{{Cite web|last=Falconer|first=Rebecca|date=2021-01-11|title=Trump asks court for New York attorney general's recusal from civil investigation|url=https://www.axios.com/trump-new-york-attorney-general-civil-investigation-e603fc60-63b3-4db0-a4ab-c495e9783ea0.html|access-date=2021-01-10|website=Axios|archive-date=January 11, 2022|archive-url=https://web.archive.org/web/20220111092838/https://www.axios.com/trump-new-york-attorney-general-civil-investigation-e603fc60-63b3-4db0-a4ab-c495e9783ea0.html|url-status=live}}

On January 18, James filed a motion to compel Trump and his two oldest children to appear in court, stating that "Thus far in our investigation, we have uncovered significant evidence that suggests Donald J. Trump and the Trump Organization falsely and fraudulently valued multiple assets and misrepresented those values to financial institutions for economic benefit."{{Cite news|last=Ramey|first=Corinne|date=2022-01-19|title=New York Attorney General Says Evidence Suggests Trump, Company Falsely Valued Assets|language=en-US|work=The Wall Street Journal|url=https://www.wsj.com/articles/new-york-attorney-general-evidence-suggests-trump-and-company-falsely-valued-assets-11642573790|access-date=2022-01-19|issn=0099-9660|archive-date=January 19, 2022|archive-url=https://web.archive.org/web/20220119152646/https://www.wsj.com/articles/new-york-attorney-general-evidence-suggests-trump-and-company-falsely-valued-assets-11642573790|url-status=live}}{{Cite web|last=Falconer|first=Rebecca|date=2022-01-19|title=New York AG alleges 'significant evidence' of Trump Organization fraud|url=https://www.axios.com/new-york-ag-alleges-significant-evidence-of-trump-organization-fraud-eb770f6a-52b0-44cd-91af-b2b439a29561.html|url-status=live|access-date=2022-01-19|website=Axios|archive-date=January 19, 2022|archive-url=https://web.archive.org/web/20220119152414/https://www.axios.com/new-york-ag-alleges-significant-evidence-of-trump-organization-fraud-eb770f6a-52b0-44cd-91af-b2b439a29561.html}} On February 17, a judge rejected an argument by a Trump attorney that the former president belongs to a protected class and ordered the Trumps to testify;{{cite news|last1=Freifeld|first1=Karen|last2=Stempel|first2=Jonathan|date=February 17, 2022|title=Trump, children are ordered to testify in N.Y. attorney general probe|work=Reuters|url=https://www.reuters.com/legal/government/trump-children-are-ordered-testify-ny-attorney-general-probe-2022-02-17/|access-date=February 18, 2022|archive-date=February 24, 2022|archive-url=https://web.archive.org/web/20220224071802/https://www.reuters.com/legal/government/trump-children-are-ordered-testify-ny-attorney-general-probe-2022-02-17/|url-status=live}}{{cite news|last1=Garcia|first1=Eric|date=February 17, 2022|title=Trump lawyers tell NY judge that ex-president is in 'protected class' and shouldn't have to testify|work=The Independent|url=https://www.independent.co.uk/news/world/americas/us-politics/trump-elections-2024-tish-james-b2017653.html |archive-url=https://ghostarchive.org/archive/20220620/https://www.independent.co.uk/news/world/americas/us-politics/trump-elections-2024-tish-james-b2017653.html |archive-date=June 20, 2022 |url-access=subscription |url-status=live|access-date=February 18, 2022}} the First Judicial Department of the Supreme Court of New York State upheld this ruling on May 26.{{Cite web |last=Kates |first=Graham |date=2022-05-26 |title=Donald Trump, Donald Jr. and Ivanka Trump must testify in New York fraud investigation, appeals court rules |url=https://www.cbsnews.com/news/trump-testify-new-york-fraud-investigation/ |access-date=2022-05-26 |website=CBS News |language=en-US |archive-date=May 28, 2022 |archive-url=https://web.archive.org/web/20220528172413/https://www.cbsnews.com/news/trump-testify-new-york-fraud-investigation/ |url-status=live }} From late April to late June, Trump was held in civil contempt for failing to provide subpoenaed documents.{{Cite web |last1=Moghe |first1=Sonia |last2=Scannell |first2=Kara |date=25 April 2022 |title=Judge holds former President Trump in civil contempt for withholding documents |url=https://www.cnn.com/2022/04/25/politics/trump-contempt-hearing/index.html |access-date=2022-04-25 |website=CNN |archive-date=April 26, 2022 |archive-url=https://web.archive.org/web/20220426232314/https://www.cnn.com/2022/04/25/politics/trump-contempt-hearing/index.html |url-status=live }}{{Cite web |last=Breuninger |first=Kevin |date=2022-06-29 |title=Judge lifts Trump's contempt order in New York civil probe |url=https://www.cnbc.com/2022/06/29/judge-lifts-trump-contempt-order-in-new-york-civil-probe.html |access-date=2022-06-30 |website=CNBC |language=en |archive-date=June 30, 2022 |archive-url=https://web.archive.org/web/20220630042407/https://www.cnbc.com/2022/06/29/judge-lifts-trump-contempt-order-in-new-york-civil-probe.html |url-status=live }} Subsequently, real-estate firm Cushman & Wakefield, which conducted appraisals for several Trump Organization properties (before cutting ties by January 2021), was held in contempt for failing to meet a deadline for subpoenaed documents.{{Cite web |last=Richards |first=Zoë |date=July 5, 2022 |title=Judge holds real estate firm in contempt over documents in Trump probe |url=https://www.nbcnews.com/politics/donald-trump/judge-holds-real-estate-firm-contempt-documents-trump-probe-rcna36816 |access-date=2022-07-06 |website=NBC News |language=en |archive-date=July 20, 2022 |archive-url=https://web.archive.org/web/20220720013744/https://www.nbcnews.com/politics/donald-trump/judge-holds-real-estate-firm-contempt-documents-trump-probe-rcna36816 |url-status=live }}

After weeks of internal debate within the district attorney's office about the strength of the evidence against Trump, two top prosecutors in the case resigned in February 2022 after new district attorney Alvin Bragg said he was not prepared to authorize an indictment of Trump personally.{{cite news |last1=Scannell |first1=Kara |title=Prosecutors resigned after New York DA said he wasn't prepared to move forward with indictment of Trump |url=https://www.cnn.com/2022/03/06/politics/trump-manhattan-district-attorney-investigation/index.html |publisher=CNN |date=March 6, 2022 |access-date=March 6, 2022 |archive-date=March 8, 2022 |archive-url=https://web.archive.org/web/20220308234957/https://www.cnn.com/2022/03/06/politics/trump-manhattan-district-attorney-investigation/index.html |url-status=live }} One of the prosecutors who resigned, Mark Pomerantz, stated in his resignation letter that Trump was "guilty of numerous felony violations" and that he was confident it could be proven in court. Bragg's spokeswoman later said the investigation was continuing.{{cite news|title=Trump Is Guilty of 'Numerous' Felonies, Prosecutor Who Resigned Says|url=https://www.nytimes.com/2022/03/23/nyregion/trump-investigation-felony-resignation-pomerantz.html|work=The New York Times|date=March 23, 2022|author1=William K. Rashbaum|author2=Ben Protess|author3=Jonah E. Bromwich|access-date=March 23, 2022|archive-date=March 24, 2022|archive-url=https://web.archive.org/web/20220324050709/https://www.nytimes.com/2022/03/23/nyregion/trump-investigation-felony-resignation-pomerantz.html|url-status=live}} The criminal trial against the Trump Organization began on October 24.{{Cite web |last1=Gregorian |first1=Dareh |last2=Winter |first2=Tom |last3=Reiss |first3=Adam |date=2022-10-24 |title=Trump Organization's criminal tax fraud trial begins |url=https://www.nbcnews.com/politics/donald-trump/trump-organizations-criminal-tax-fraud-trial-begins-rcna50850 |access-date=2022-10-26 |website=NBC News |language=en |archive-date=November 2, 2022 |archive-url=https://web.archive.org/web/20221102034631/https://www.nbcnews.com/politics/donald-trump/trump-organizations-criminal-tax-fraud-trial-begins-rcna50850 |url-status=live }}

On December 6, 2022, a New York jury convicted the Trump Organization on all 17 of its tax fraud charges.{{cite news|url=https://www.reuters.com/legal/jury-resumes-deliberating-trump-organization-criminal-tax-fraud-trial-2022-12-06/|title=Trump's company convicted of scheme to defraud tax authorities|first1=Luc|last1=Cohen|first2=Karen|last2=Freifeld|publisher=Reuters|date=December 6, 2022|accessdate=December 6, 2022|archive-date=December 6, 2022|archive-url=https://web.archive.org/web/20221206171804/https://www.reuters.com/legal/jury-resumes-deliberating-trump-organization-criminal-tax-fraud-trial-2022-12-06/|url-status=live}} One entity, The Trump Corporation, was convicted of nine criminal charges, while its other entity, The Trump Payroll Corporation, was convicted of eight criminal charges as well.{{cite news|url=https://www.cbsnews.com/news/trump-organization-trial-verdict-tax-fraud-charges/|title=Trump Organization companies found guilty on all charges in tax fraud trial in New York|first=Graham|last=Kates|publisher=CBS News|date=December 6, 2022|accessdate=December 6, 2022|archive-date=December 6, 2022|archive-url=https://web.archive.org/web/20221206210235/https://www.cbsnews.com/news/trump-organization-trial-verdict-tax-fraud-charges/|url-status=live}}

On September 21, 2022, James announced a civil lawsuit against Trump, his three oldest children, and the organization for fraud and other forms of misrepresentation, citing over 200 alleged instances and asserting that Trump "wildly exaggerated his net worth by billions of dollars".{{Cite web |last1=Gerstein |first1=Josh |last2=Durkin |first2=Erin |last3=Cheney |first3=Kyle |date=September 21, 2022 |title=Trump, company and family members sued by New York AG over alleged fraud scheme |url=https://www.politico.com/news/2022/09/21/trump-company-and-family-members-sued-by-ny-ag-over-alleged-fraud-scheme-00058011 |access-date=September 21, 2022 |website=Politico |archive-date=September 21, 2022 |archive-url=https://web.archive.org/web/20220921155259/https://www.politico.com/news/2022/09/21/trump-company-and-family-members-sued-by-ny-ag-over-alleged-fraud-scheme-00058011 |url-status=live}} The suit sought $250 million in penalties and future restrictions on Trump family business activities in New York State.{{cite news |last1=Mueller |first1=Julia |title=Five things to know about the NY AG's new lawsuit against Trump |url=https://thehill.com/regulation/court-battles/3654473-five-things-to-know-about-the-ny-ags-new-lawsuit-against-trump/ |work=The Hill |date=September 21, 2022 |access-date=November 5, 2022 |archive-date=November 5, 2022 |archive-url=https://web.archive.org/web/20221105164319/https://thehill.com/regulation/court-battles/3654473-five-things-to-know-about-the-ny-ags-new-lawsuit-against-trump/ |url-status=live }} In advance of filing the suit, Trump sat for a deposition during which he invoked his Fifth Amendment right against self-incrimination over 440 times.{{cite news |author1=Adam Reiss |last2=Da Silva |first2=Chantal |author-link2=Chantal Da Silva |author3=Rebecca Shabad |date=August 10, 2022 |title=Trump invokes Fifth Amendment nearly 450 times in N.Y. AG's civil probe of his business practices |publisher=NBC News |url=https://www.nbcnews.com/news/us-news/trump-deposed-ny-ag-civil-probe-business-practices-rcna42355 |url-status=live |access-date=November 5, 2022 |archive-url=https://web.archive.org/web/20221105160248/https://www.nbcnews.com/news/us-news/trump-deposed-ny-ag-civil-probe-business-practices-rcna42355 |archive-date=November 5, 2022}} On November 3, the New York judge overseeing the lawsuit approved James's request for an independent monitor to prevent future fraud by the organization, specifically requiring the judge's approval before any assets were sold or transferred.{{Cite web |last=Gerstein |first=Josh |date=2022-11-03 |title=Trump's company to get a court monitor, judge rules |url=https://www.politico.com/news/2022/11/03/new-york-ag-presses-to-oversee-trump-organization-00064963 |access-date=2022-11-04 |website=Politico |language=en |archive-date=November 5, 2022 |archive-url=https://web.archive.org/web/20221105005605/https://www.politico.com/news/2022/11/03/new-york-ag-presses-to-oversee-trump-organization-00064963 |url-status=live }} James found that days before her suit was filed, Trump attorneys had created a new Delaware corporation, dubbed Trump Organization II, which she was concerned could be used to protect Trump's assets from a financial judgment.{{cite news|title=Trump Forms New Company, Drawing Scrutiny From N.Y. Attorney General|url=https://www.nytimes.com/2022/10/13/nyregion/trump-ny-lawsuit-james.html|work=The New York TImes|date=October 13, 2022|author1=Ben Protess|author2=Jonah E. Bromwich|author3=William K. Rashbaum|access-date=November 5, 2022|archive-date=November 5, 2022|archive-url=https://web.archive.org/web/20221105164728/https://www.nytimes.com/2022/10/13/nyregion/trump-ny-lawsuit-james.html|url-status=live}}

The judge presiding over the civil suit ruled in September 2023 that Trump, his adult sons, and the Trump Organization had repeatedly committed fraud and ordered their New York business certificates canceled and their business entities sent into receivership for dissolution.{{cite news |last1=Kates |first1=Graham |title=Donald Trump and his company "repeatedly" violated fraud law, New York judge rules |url=https://www.cbsnews.com/news/donald-trump-company-violated-fraud-law-new-york-judge-rules/ |publisher=CBS News |date=September 26, 2023}} In February 2024, the judge ordered Trump to pay a penalty of more than $350 million plus interest, for a total of more than $450 million, and barred him from heading any New York company for three years. Trump said he would appeal the verdict. His sons Donald Jr. and Eric were ordered to pay more $4 million each and barred from serving as officers or directors of any New York firm for two years. The judge also ordered the company to be overseen by the monitor appointed by the court in 2023 and an independent director of compliance, and said that any "restructuring and potential dissolution" would be the decision of the monitor.{{cite web|last1=Bromwich|first1=Jonah E.|last2=Protess|first2=Ben|url=https://www.nytimes.com/2024/02/16/nyregion/trump-civil-fraud-trial-ruling.html|title=Trump Fraud Trial Penalty Will Exceed $450 Million|work=The New York Times|date=February 17, 2024|access-date=February 17, 2024}}{{cite news|last=O'Connell|first=Jonathan|url=https://www.washingtonpost.com/national-security/2024/02/16/trump-verdict-civil-fraud-trial/|title=Hefty fines, penalties will rock Trump family's business and fortune|newspaper=The Washington Post|date=February 16, 2024|access-date=February 17, 2024}} In March 2024, the New York Appeals would reduce the required payment to $175 million and set a 10-day deadline, with Trump agreeing to make the payment within the deadline.{{cite news|url=https://www.nytimes.com/2024/03/25/nyregion/trump-bond-reduced.html|title=Trump's Bond in Civil Fraud Case Is Reduced to $175 Million|first1=Ben|last1=Protess|first2=William K.|last2=Rashbaum|work=New York Times|date=March 25, 2024|accessdate=March 25, 2024}} Trump posted the bond within the required deadline.{{cite news|url=https://www.businessinsider.com/donald-trump-posts-bond-after-court-reduction-2024-4|title=Donald Trump posts $175 million appeal bond he owes in NY civil fraud case|first1=Grace Eliza|last1=Goodwin|first2=Laura|last2=Italiano|first3=Erin|last3=Snodgrass|first4=Katherine|last4=Tangalakis-Lippert|publisher=Business Insider|date=April 1, 2024|accessdate=April 1, 2024}}

In 2024, the New York Times and ProPublica reported that the Internal Revenue Service investigated whether Trump had twice written off losses of his Trump International Hotel and Tower (Chicago) through construction cost overruns, lagging sales, and selling residential units below value. In his 2008 tax return, he declared the property to be worthless. The two publications calculated that{{snd}}of the total deduction of $697 million Trump claimed that year{{snd}}up to $651 million were based on the property's worthlessness. In 2010, he passed ownership of the property from one of his business entities to another one and claimed another $168 million for the next 10 years. The publications, "in consultation with tax experts, calculated that the revision sought by the IRS would create a new tax bill of more than $100 million, plus interest and potential penalties".{{cite news |last1=Buettner |first1=Russ |last2=Kiel |first2=Paul |url=https://www.nytimes.com/2024/05/11/us/trump-taxes-audit-chicago.html |title=Trump May Owe $100 Million From Double-Dip Tax Breaks, Audit Shows |work=The New York Times |date=May 11, 2024 |access-date=May 11, 2024}}{{cite news |last1=Kiel |first1=Paul |last2=Buettner |first2=Russ |url=https://www.propublica.org/article/trump-irs-audit-chicago-hotel-taxes |title=IRS Audit of Trump Could Cost Former President More Than $100 Million |work=ProPublica |date=May 11, 2024 |access-date=May 11, 2024}}{{cite news |last=Boak |first=Josh |url=https://apnews.com/article/trump-tax-losses-audit-election-chicago-skyscraper-47729a0758e6b54aa06c075fc49c5c53 |title=Report: Trump may face a $100 million-plus tax bill if he loses IRS audit fight over Chicago tower |work=Associated Press |date=May 11, 2024 |access-date=August 26, 2024}}

In September 2023, Arthur Engoron, the judge presiding over the civil suit, ruled that Trump, his adult sons and the organization repeatedly committed fraud and ordered their New York business certificates canceled and their business entities sent into receivership for dissolution in what has been described by observers as a 'corporate death penalty'.

File:Trump Organization properties worldwide map.svg

As of 2019, Trump's net worth (as estimated by Forbes) was $3.1 billion, with about half of that coming from his New York City real estate holdings, and about a third coming from his national and international properties (including hotels and golf courses).{{Cite web |url=http://www.forbes.com/donald-trump |title=The Definitive Net Worth of Donald Trump|website=Forbes.com |access-date=March 10, 2019 |archive-url=https://web.archive.org/web/20190306141913/https://www.forbes.com/donald-trump/ |archive-date=March 6, 2019 |url-status=dead }} Licensing fees paid by outside owners for using Trump's name on their properties also contribute to his overall net worth.{{cite web | url=http://www.moneysense.ca/news/donald-trump-to-unveil-details-of-his-personal-fortune/ | title=$10 billion man? Trump unveils details of his fortune | publisher=MoneySense (AP) | first=Jeff | last=Horwitz | date=July 15, 2015 | access-date=January 17, 2016 | archive-url=https://web.archive.org/web/20160513170711/http://www.moneysense.ca/news/donald-trump-to-unveil-details-of-his-personal-fortune/ | archive-date=May 13, 2016 | url-status=live }}{{cite web | url=http://www.moneysense.ca/news/donald-trump-wealth-details-released-by-federal-regulators/ | title=Donald Trump wealth details released by federal regulators | publisher=MoneySense | date=July 23, 2015 | access-date=January 17, 2016 | author=Horwitz, Jeff | archive-url=https://web.archive.org/web/20160126141813/http://www.moneysense.ca/news/donald-trump-wealth-details-released-by-federal-regulators/ | archive-date=January 26, 2016 | url-status=live }}

File:Trump World Tower and East River in Manhattan, New York City (cropped).jpg at United Nations Plaza]]

File:4118-NYC-Columbus Circle.JPG at Columbus Circle]]

• Trump Tower, 725 Fifth Avenue, Midtown Manhattan: A 58-story{{cite web|url=https://nymag.com/news/articles/shortlist/trump/|title=New York Metro Short List: Trump's Edifice Complex|access-date=May 14, 2016|archive-url=https://web.archive.org/web/20160624201201/http://nymag.com/news/articles/shortlist/trump/|archive-date=June 24, 2016|url-status=live}} mixed-use tower, the headquarters of the Trump Organization, was developed in partnership with The Equitable, and opened in 1983. Trump bought out the Equitable's stake in 1986,{{sfn|Trump|Schwartz|1987|pp=192–193}} and now owns the office and retail components of the tower.{{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=July 1, 2013 | access-date=January 18, 2016 | first=Katherine | last=Clarke | archive-url=https://web.archive.org/web/20160115010144/http://therealdeal.com/issues_articles/the-8-billion-dollar-man/ | archive-date=January 15, 2016 | url-status=live }} The building also contains the three-story penthouse apartment that was Donald Trump's primary residence until he moved to the White House.{{cite news|title=Trump Tower, a home for celebrities and charlatans|newspaper=New York Times|first=Jacob|last=Bernstein|date=August 12, 2017|url=https://www.nytimes.com/2017/08/12/style/trump-tower-famous-residents.html|access-date=May 28, 2018|archive-url=https://web.archive.org/web/20180519133730/https://www.nytimes.com/2017/08/12/style/trump-tower-famous-residents.html|archive-date=May 19, 2018|url-status=live}} The value of the tower was estimated at $450 million in 2017.{{cite news|title=Trump's net worth slips to $2.9 billion as towers underperform|newspaper=Bloomberg|first=Caleb|last=Melby|date=June 21, 2017|url=https://www.bloomberg.com/news/articles/2017-06-21/trump-s-net-worth-slips-to-2-9-billion-as-towers-underperform|access-date=May 28, 2018|archive-url=https://web.archive.org/web/20180528071334/https://www.bloomberg.com/news/articles/2017-06-21/trump-s-net-worth-slips-to-2-9-billion-as-towers-underperform|archive-date=May 28, 2018|url-status=live}} Trump took out a $100 million mortgage on the building in 2012.
• Trump World Tower, 845 United Nations Plaza, also in Midtown Manhattan: In 2006, Forbes magazine estimated "$290 million in profits and unrealized appreciation" going to Trump.{{cite news | url=https://www.forbes.com/2006/09/20/trump-wealth-biz_06rich400_0921trump.html | work=Forbes | title=What is Trump Worth? | first=Stephane | last=Fitch | date=September 21, 2006 | access-date=September 16, 2017 | archive-url=https://web.archive.org/web/20160712040742/http://www.forbes.com/2006/09/20/trump-wealth-biz_06rich400_0921trump.html | archive-date=July 12, 2016 | url-status=live }}
• AXA Financial Center in Manhattan and 555 California Street in San Francisco: Trump owns a 30 percent stake in these two office buildings, resulting from a property swap involving Riverside South. Trump's stake in the two buildings was estimated to be at least $850 million {{as of|2013|lc=y|df=US}}.
• The Trump Building at 40 Wall Street: Trump bought this building's leasehold in 1995 and renovated the structure for $1 million. The pre-tax net operating income at the building {{as of|2011|lc=y|df=US}} was $20.89 million and is valued between $350 million and $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% to use for other investments. Forbes valued the property at $260 million in 2006.
• Trump International Hotel and Tower Chicago: The entire project is valued at $1.2 billion ($112 million stake for Trump).
• Trump International Hotel Las Vegas: A joint development with fellow Forbes 400 members, Phil Ruffin ("key partner"), and Jack Wishna ("minority partner").{{cite news|last= Mishak|first= Michael J.|url= https://www.latimes.com/politics/la-xpm-2011-apr-30-la-na-0430-trump-vegas-20110430-story.html|title= Trump's tower a sore spot on the Strip|date= April 30, 2011|newspaper= Los Angeles Times|access-date= February 26, 2016|archive-url= https://web.archive.org/web/20161113125426/http://articles.latimes.com/2011/apr/30/nation/la-na-0430-trump-vegas-20110430|archive-date= November 13, 2016|url-status= live}} In 2006, Trump's stake was estimated at $162 million. In Forbes in March 2017, the Trump International Las Vegas was described as a 50-50 partnership between Donald Sr. and Ruffin, with Eric as the primary manager for the Trump Organization.
• 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 for $33 million.{{cite web | url=http://observer.com/2007/10/mystery-man-buys-33-m-trump-world-tower-duplex/ | title=Mystery Man Buys $33 M. Trump World Tower Duplex | date=October 1, 2007 | access-date=May 31, 2014 | first=Max | last=Abelson | website=The New York Observer | archive-url=https://web.archive.org/web/20130903025335/http://observer.com/2007/10/mystery-man-buys-33-m-trump-world-tower-duplex/ | archive-date=September 3, 2013 | url-status=live }}{{cite web | url=http://www.golfchannel.com/about/bio/donald-trump/ | title=Donald Trump | publisher=Golf Channel | access-date=May 31, 2014 | archive-url=https://web.archive.org/web/20140617132949/http://www.golfchannel.com/about/bio/donald-trump/ | archive-date=June 17, 2014 | url-status=dead }}
• Trump Park Avenue, Park Avenue and 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.
• 6 East 57th Street: Trump has a leasehold interest on this retail building, adjacent to Trump Tower, through the year 2079.{{cite news|title=Donald Trump's real estate business is losing one of its most important tenants|newspaper=Forbes|first=Matt|last=Drange|date=December 6, 2017|url=https://www.forbes.com/sites/danalexander/2017/12/06/donald-trumps-real-estate-business-is-losing-one-of-its-most-important-tenants/|access-date=May 14, 2018|archive-url=https://web.archive.org/web/20180515112755/https://www.forbes.com/sites/danalexander/2017/12/06/donald-trumps-real-estate-business-is-losing-one-of-its-most-important-tenants/|archive-date=May 15, 2018|url-status=live}} The building was occupied by a Niketown store from 1996 to 2018.{{cite news|title=Nike's shrine to itself is a glitzy showcase|newspaper=New York Times|first=Ian|last=Fisher|date=November 1, 1996|url=https://www.nytimes.com/1996/11/01/nyregion/nike-s-shrine-to-itself-is-a-glitzy-showcase.html|access-date=May 14, 2018|archive-url=https://web.archive.org/web/20180515112521/https://www.nytimes.com/1996/11/01/nyregion/nike-s-shrine-to-itself-is-a-glitzy-showcase.html|archive-date=May 15, 2018|url-status=live}} The value of Trump's interest was estimated at $470 million {{as of|2015|lc=y|df=US}}.{{cite news|title=Here's our tally of Donald Trump's wealth|newspaper=Bloomberg|first1=Caleb|last1=Melby|first2=Richard|last2=Rubin|date=July 28, 2015|url=https://www.bloomberg.com/news/articles/2015-07-28/here-s-our-tally-of-donald-trump-s-wealth|access-date=May 14, 2018|archive-url=https://web.archive.org/web/20180516005143/https://www.bloomberg.com/news/articles/2015-07-28/here-s-our-tally-of-donald-trump-s-wealth|archive-date=May 16, 2018|url-status=live}}
• Mar-a-Lago: A historic estate in Palm Beach, Florida, most of which was converted by Trump into a members-only resort. The property was worth as much as $250 million {{as of|2013|lc=y|df=US}}. Trump also owns two neighboring private houses, valued at $6.5 million and $3 million.
• Seven Springs: A {{convert|213|acre|adj=on}} estate with a 13-bedroom mansion near Bedford, New York. Trump paid $7.5 million for the property in 1995.{{cite news|title=Seven Springs, Trump's N.Y. property, spared spotlight – for now|newspaper=USA Today|first=Michael P.|last=McKinney|date=April 25, 2017|url=https://www.usatoday.com/story/news/nation-now/2017/04/25/seven-springs-trumps-ny-property-spared-spotlight-now/100905078/|access-date=May 14, 2018|archive-url=https://web.archive.org/web/20180515192343/https://www.usatoday.com/story/news/nation-now/2017/04/25/seven-springs-trumps-ny-property-spared-spotlight-now/100905078/|archive-date=May 15, 2018|url-status=live}} Local brokers put the property's value at around $40 million {{as of|2013|lc=y|df=US}}. Trump had hoped to develop the land with a golf course or houses, but apparently abandoned those plans in 2015.
• Beverly Hills house: A 5-bedroom home purchased by Trump in 2007 for $7 million,{{cite news|title=A small-time scam artist gave Trump a mansion for $0. Why?|newspaper=Center for Investigative Reporting|first1=Lance|last1=Williams|first2=Matt|last2=Smith|date=April 12, 2018|url=https://www.revealnews.org/article/a-small-time-scam-artist-gave-trump-a-mansion-for-0-why/|access-date=May 14, 2018|archive-url=https://web.archive.org/web/20180505193859/https://www.revealnews.org/article/a-small-time-scam-artist-gave-trump-a-mansion-for-0-why/|archive-date=May 5, 2018|url-status=live}} and valued between $8.5 and $10 million {{as of|2013|lc=y|df=US}}. Sold the property in June 2019, off-market, for $13.5 million.

File:Bank of America Tower San Francisco.jpg, 2nd tallest building in San Francisco]]

{{Main|Wollman Rink|Lasker Rink}}

File:WollmanRink.jpg, Central Park]]

In 1986, Trump rebuilt the deteriorating Wollman Rink two months ahead of schedule and $750,000 under the $2.5 million price ceiling imposed by the city.{{Cite news|url=https://www.bloomberg.com/news/features/2015-09-29/a-1980s-new-york-city-battle-explains-donald-trump-s-candidacy|title=A 1980s New York City Battle Explains Donald Trump's Candidacy|last=Freedlander|first=David|date=September 29, 2015|newspaper=Bloomberg.com|access-date=May 9, 2018|archive-url=https://archive.today/20170817220918/https://www.bloomberg.com/news/features/2015-09-29/a-1980s-new-york-city-battle-explains-donald-trump-s-candidacy|archive-date=August 17, 2017|url-status=live}}{{Cite web|url=https://www.nytimes.com/1986/06/07/nyregion/trump-to-rebuild-wollman-rink-at-the-city-s-expense-by-dec-15.html|title=Trump to Rebuild Wollman Rink at the City's Expense by Dec. 15|last=Daley|first=Suzanne|date=June 6, 1986|website=The New York Times|access-date=May 9, 2018|archive-url=https://web.archive.org/web/20180612215845/https://www.nytimes.com/1986/06/07/nyregion/trump-to-rebuild-wollman-rink-at-the-city-s-expense-by-dec-15.html|archive-date=June 12, 2018|url-status=live}}{{cite news|url=https://www.forbes.com/sites/offwhitepapers/2015/08/24/donald-trump-and-the-wollman-rinking-of-american-politics/#707f2fbd2fc8|title=Donald Trump And The Wollman Rinking of American Politics|author1=Kula, Irwin|date=August 24, 2015|work=Forbes|access-date=February 12, 2019|author2=Hatkoff, Craig|archive-url=https://web.archive.org/web/20161227014815/http://www.forbes.com/sites/offwhitepapers/2015/08/24/donald-trump-and-the-wollman-rinking-of-american-politics/#707f2fbd2fc8|archive-date=December 27, 2016|url-status=live}} Trump 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.{{Cite web|last=Babin|first=Janet|url=https://www.wnyc.org/story/donald-trump-saving-nyc-millions-or-making-millions-taxpayers/|title=Is Donald Trump Saving NYC Millions, or Making Millions Off Taxpayers?|website=WNYC News|date=October 19, 2016|access-date=May 9, 2018|archive-date=March 7, 2021|archive-url=https://web.archive.org/web/20210307101756/https://www.wnyc.org/story/donald-trump-saving-nyc-millions-or-making-millions-taxpayers/|url-status=live}} Trump was given a concession to operate the rink for a year, with the profits to be given to charity. In 1987, as part of the agreement to keep operating Wollman Rink, the Trump Organization agreed to also take a concession for the Lasker Rink; they held the concessions until 1995.{{Cite news|url=https://www.nytimes.com/1987/10/15/nyregion/trump-to-run-2-ice-skating-rinks-in-central-park.html|title=Trump to Run Two Ice-Skating Rinks in Central Park|last=Anderson|first=Susan Heller|date=October 15, 1987|work=The New York Times|access-date=April 18, 2019|language=en-US|issn=0362-4331|archive-url=https://web.archive.org/web/20190418211025/https://www.nytimes.com/1987/10/15/nyregion/trump-to-run-2-ice-skating-rinks-in-central-park.html|archive-date=April 18, 2019|url-status=live}}

In 2001, a Trump-owned subsidiary, Wollman Rink Operations LLC, won another concession to operate the rinks until April 30, 2021.{{Cite news |last=Bump |first=Philip |url=https://www.washingtonpost.com/news/politics/wp/2018/05/16/trump-has-earned-59-million-in-three-years-running-attractions-for-new-york-city/ |title=Trump has earned $59 million in three years running attractions for New York City |newspaper=The Washington Post |date=May 16, 2018 |access-date=July 2, 2021 |archive-date=May 21, 2018 |archive-url=https://web.archive.org/web/20180521160307/https://www.washingtonpost.com/news/politics/wp/2018/05/16/trump-has-earned-59-million-in-three-years-running-attractions-for-new-york-city/ |url-status=live }}{{cite web|url=https://comptroller.nyc.gov/reports/audit-report-on-the-compliance-of-wollman-rink-operations-llc-with-its-license-agreement-and-payment-of-license-fees-due/|title=Audit Report On The Compliance Of Wollman Rink Operations Llc With Its License Agreement And Payment Of License Fees Due|website=New York City Comptroller|date=July 5, 2007|access-date=May 30, 2019|archive-date=May 30, 2019|archive-url=https://web.archive.org/web/20190530180852/https://comptroller.nyc.gov/reports/audit-report-on-the-compliance-of-wollman-rink-operations-llc-with-its-license-agreement-and-payment-of-license-fees-due/|url-status=live}} Wollman Rink Operations LLC is owned by DJT Holdings LLC which was owned by the Donald J. Trump Revocable Trust for the duration of Trump's presidency. The Trump name was prominently displayed on the walls of the Wollman Rink and on the Zamboni maintaining the ice. In 2019, the Trump Organization replaced the name with Wollman Rink logos.{{cite news |last=Shanahan |first=Ed |url=https://www.nytimes.com/2019/10/22/nyregion/trump-skating-rinks.html |title=Trump's Company Wipes His Name From New York City Skating Rinks That It Runs |newspaper=The New York Times |date=October 22, 2019 |access-date=August 22, 2020 |archive-date=October 30, 2020 |archive-url=https://web.archive.org/web/20201030215940/https://www.nytimes.com/2019/10/22/nyregion/trump-skating-rinks.html |url-status=live }} In his financial disclosure filed in May 2018, Trump reported nearly $35 million in income from the two rinks since 2015.{{cite web |author=Sahadi, Jeanne |date=July 24, 2015 |title=What we know – and don't know – about Donald Trump's wealth |url=https://money.cnn.com/2015/07/22/news/donald-trump-finances/ |url-status=live |archive-url=https://web.archive.org/web/20160129183950/http://money.cnn.com/2015/07/22/news/donald-trump-finances/ |archive-date=January 29, 2016 |access-date=January 16, 2016 |publisher=CNN}}

The Trump Organization's contract to operate the rinks expired in April 2021.{{Cite news|url=https://www.washingtonpost.com/news/politics/wp/2018/05/16/trump-has-earned-59-million-in-three-years-running-attractions-for-new-york-city/|title=Trump has earned $59 million in three years running attractions for New York City|last=Bump|first=Philip|date=May 16, 2018|newspaper=The Washington Post|access-date=June 5, 2018|archive-date=May 21, 2018|archive-url=https://web.archive.org/web/20180521160307/https://www.washingtonpost.com/news/politics/wp/2018/05/16/trump-has-earned-59-million-in-three-years-running-attractions-for-new-york-city/|url-status=live}}{{Cite news |last1=Barnard |first1=Anne |last2=Kvetenadze |first2=Téa |title=Central Park Ice Rinks Remain Open Despite Rift With Trump, Mayor Says |work=The New York Times |url=https://www.nytimes.com/2021/02/21/nyregion/trump-skating-rink-central-park.html |date=February 21, 2021 |access-date=May 23, 2021 |archive-date=May 17, 2021 |archive-url=https://web.archive.org/web/20210517160017/https://www.nytimes.com/2021/02/21/nyregion/trump-skating-rink-central-park.html |url-status=live }}{{Cite news |last=Siese |first=April |title=Central Park ice rinks to stay open for remainder of season following dispute with Trump Organization |url=https://www.cbsnews.com/news/central-park-ice-rinks-operated-by-trump-organization-to-stay-open-for-rest-of-season/ |access-date=February 22, 2021 |work=CBS News |archive-date=February 22, 2021 |archive-url=https://web.archive.org/web/20210222080703/https://www.cbsnews.com/news/central-park-ice-rinks-operated-by-trump-organization-to-stay-open-for-rest-of-season/ |url-status=live }}

Trump Winery is a winery situated on Trump Vineyard Estates near Charlottesville, Virginia. It is valued between $5 million and $25 million.{{cite web |url=http://www.politico.com/story/2015/07/donald-trump-financial-disclosure-120472 |title=Trump lifts the veil on his empire |work=Politico |date=July 22, 2015 |access-date=January 17, 2016 |first1=Theodoric |last1=Meyer |first2=Tarini |last2=Parti |archive-date=January 17, 2016 |archive-url=https://web.archive.org/web/20160117151652/http://www.politico.com/story/2015/07/donald-trump-financial-disclosure-120472 |url-status=live }}

The vineyard was purchased by Trump in April 2011 from Patricia Kluge, the widow of John Kluge. The property was distressed.{{cite news |first=Annie |last=Gowen |url=https://www.washingtonpost.com/local/trump-buys-former-kluge-owned-winery/2011/04/07/AF8hn7wC_story.html |title=Trump buys former Kluge-owned winery |newspaper=The Washington Post |date=February 25, 2011 |access-date=June 19, 2012 |archive-url=https://web.archive.org/web/20120108075039/http://www.washingtonpost.com/local/trump-buys-former-kluge-owned-winery/2011/04/07/AF8hn7wC_story.html |archive-date=January 8, 2012 |url-status=live }} and was officially opened in October 2011.{{cite web |url=http://www.newsplex.com/home/headlines/Trump_to_Debut_Albemarle_County_Winery_131055763.html |title=Trump Winery Opens in Albemarle County |publisher=Newsplex.com |date=October 4, 2011 |access-date=June 19, 2012 |archive-url=https://archive.today/20120912214223/http://www.newsplex.com/home/headlines/Trump_to_Debut_Albemarle_County_Winery_131055763.html |archive-date=September 12, 2012 |url-status=dead }} Trump Winery is situated in the Monticello Wine Trail. Trump's son Eric was a partner in the purchase.{{cite news|url=http://www.winemag.com/Web-2013/2013-Rising-Star-of-the-Year-Eric-Trump/|title=2013 Rising Star of the Year: Eric Trump|first=Andrew|last=Hoover|work=Wine Enthusiast Magazine|date=November 17, 2013|access-date=November 17, 2013|archive-url=https://web.archive.org/web/20131116155719/http://www.winemag.com/Web-2013/2013-Rising-Star-of-the-Year-Eric-Trump/|archive-date=November 16, 2013|url-status=live}}

After purchasing the property, Trump turned over management of the winery to his son.

{{main|Donald Trump and golf}}

The Trump Organization owns or manages sixteen golf courses in the United States, Scotland, Ireland, and the United Arab Emirates.{{cite news |last1=Garcia |first1=Ahiza |title=Trump's 17 golf courses teed up: Everything you need to know |url=https://money.cnn.com/2016/12/29/news/donald-trump-golf-courses/index.html |access-date=January 21, 2018 |work=CNNMoney |date=December 29, 2016 |archive-url=https://web.archive.org/web/20180111143228/http://money.cnn.com/2016/12/29/news/donald-trump-golf-courses/index.html |archive-date=January 11, 2018 |url-status=live }} {{as of|2015|df=US}}, Trump listed income of at least $176 million in an 18-month span from his golf courses{{snd}}about 41% of the low-end estimate of his income.

File:Trump National Golf Club (Los Angeles).jpg, Los Angeles]]

File:Turnberry Hotel.jpg, Scotland]]

• Trump International Golf Club, West Palm Beach, Florida
• Trump National Doral Miami: An {{convert|800|acre|adj=on}} resort with five golf courses, 700 hotel rooms, a spa, meeting spaces, and retail outlets. Trump bought the property out of bankruptcy in 2012 for $150 million, and has spent over $250 million on renovations.[http://www.miamiherald.com/news/local/community/miami-dade/doral/article12472889.html Donald Trump gets his key to Doral] {{Webarchive|url=https://web.archive.org/web/20150708060815/http://www.miamiherald.com/news/local/community/miami-dade/doral/article12472889.html |date=July 8, 2015 }} The Miami Herald. March 4, 2015. Its value has been estimated at over $1 billion, and there was a $125 million mortgage on the property {{as of|2013|lc=y|df=US}}.
• Trump National Golf Club, Bedminster, New Jersey
• Trump National Golf Club, Charlotte, North Carolina
• Trump National Golf Club, Colts Neck, New Jersey
• Trump National Golf Club, Hudson Valley, New York
• Trump National Golf Club, Jupiter, Florida
• Trump National Golf Club, Los Angeles
• Trump National Golf Club, Philadelphia
• Trump National Golf Club Washington, D.C., Potomac Falls, Virginia
• Trump National Golf Club, Westchester, New York

• Trump International Golf Club, Dubai: A golf course owned by Damac Properties and managed by the Trump Organization.{{cite news|title=Late wages for migrant workers at a Trump golf course in Dubai|newspaper=New York Times|first=Peter S.|last=Goodman|date=August 26, 2017|url=https://www.nytimes.com/2017/08/26/business/trump-golf-course-dubai.html|access-date=May 14, 2018|archive-url=https://web.archive.org/web/20180515114042/https://www.nytimes.com/2017/08/26/business/trump-golf-course-dubai.html|archive-date=May 15, 2018|url-status=live}} Located in the Damac Hills residential development, it opened in 2017. Trump's involvement with Damac head Hussain Sajwani has been cited as a source of possible conflicts of interest for Trump's presidency.{{cite news|title='Donald of Dubai': UAE billionaire trading off President Trump's name is raising fresh conflict-of-interest questions|newspaper=The Independent|first=Jon|last=Gambrell|date=August 15, 2017|url=https://www.independent.co.uk/news/business/news/donald-of-dubai-billionaire-trump-name-conflict-of-interest-questions-hussain-sajwani-damac-a7893776.html|access-date=May 14, 2018|archive-url=https://web.archive.org/web/20180515123655/https://www.independent.co.uk/news/business/news/donald-of-dubai-billionaire-trump-name-conflict-of-interest-questions-hussain-sajwani-damac-a7893776.html|archive-date=May 15, 2018|url-status=live}}{{cite news|title=Video puts new focus on Donald Trump's ties to Dubai partner|newspaper=New York Times|first=Julie Hirschfeld|last=Davis|date=January 2, 2017|url=https://www.nytimes.com/2017/01/02/us/politics/donald-trump-dubai-conflict-of-interest.html|access-date=May 14, 2018|archive-url=https://web.archive.org/web/20180515112352/https://www.nytimes.com/2017/01/02/us/politics/donald-trump-dubai-conflict-of-interest.html|archive-date=May 15, 2018|url-status=live}}
• Trump International Golf Links and Hotel Ireland
• Trump International Golf Links, Scotland: A links course built in Balmedie, Aberdeenshire. The development of the course was controversial because of local concerns about the environmental impact, as well as a legal battle over the construction of a nearby offshore wind farm.
• Trump Turnberry: A historic golf resort with three courses and a hotel, located in South Ayrshire, Scotland. Trump purchased the property in 2014, despite having threatened to withdraw any further investment in Scotland amid the wind farm controversy.{{cite web | url=https://www.telegraph.co.uk/sport/golf/10795159/Donald-Trumps-purchase-of-Turnberry-is-good-he-does-more-for-golf-than-snooty-members-at-male-only-venues.html | title=Donald Trump's purchase of Turnberry is good | work=The Telegraph | date=April 29, 2014 | access-date=January 17, 2016 | first=James | last=Corrigan | archive-url=https://web.archive.org/web/20150917103007/http://www.telegraph.co.uk/sport/golf/10795159/Donald-Trumps-purchase-of-Turnberry-is-good-he-does-more-for-golf-than-snooty-members-at-male-only-venues.html | archive-date=September 17, 2015 | url-status=live }}
• Trump World Golf Club, Dubai: A second golf course under construction by Damac in its Akoya Oxygen housing development.{{cite news|title=Trump promised not to work with foreign entities. His company just did|newspaper=Sacramento Bee|first=Anita|last=Kumar|date=September 11, 2017|url=http://www.sacbee.com/news/politics-government/article172443612.html|access-date=May 14, 2018|archive-url=https://web.archive.org/web/20180515112759/http://www.sacbee.com/news/politics-government/article172443612.html|archive-date=May 15, 2018|url-status=live}} In February 2021, it was announced that the opening of the golf course was delayed until at least 2022. It was being asserted that the delay was due to the COVID-19 pandemic, but the Emirati developers were struggling to finish the real estate projects even before the pandemic.{{cite news|url=https://www.bloomberg.com/news/articles/2021-02-28/trump-s-dubai-golf-expansion-gets-delayed-until-at-least-2022|title=Trump's Dubai Golf Expansion Gets Delayed Until at Least 2022|access-date=28 February 2021|newspaper=Bloomberg.com|date=February 28, 2021|archive-date=March 1, 2021|archive-url=https://web.archive.org/web/20210301013600/https://www.bloomberg.com/news/articles/2021-02-28/trump-s-dubai-golf-expansion-gets-delayed-until-at-least-2022|url-status=live}}

File:Las-Vegas-Trump-Hotel-8480.jpg, Las Vegas]]

File:Trump AVM opening ceremony.jpg attended the opening of the Trump Towers Istanbul AVM in 2012.]]

Many developers pay Donald Trump to market their properties and be the public face for their projects.{{cite news |last=Frangos |first=Alex |title=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' |url=https://www.wsj.com/articles/SB124261067783429043 |date=May 18, 2009 |access-date=April 14, 2011 |work=The Wall Street Journal |archive-url=https://web.archive.org/web/20150210223416/http://www.wsj.com/articles/SB124261067783429043 |archive-date=February 10, 2015 |url-status=live }} For that reason, Trump does not own many of the buildings that display his name. According to Forbes, this portion of Trump's empire, actually run by his children, has a valuation of $562 million. According to Forbes, there were 33 licensing projects under development including seven "condo hotels" (the seven Trump International Hotel and Tower developments). Trump has generated more than $74 million in real estate licensing deals and has $823.3 million worth of real estate in joint ventures.

• 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 (36-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 NorthStar.
• Trump SoHo: Former name of The Dominick, originally a partnership with Bayrock Group. The SoHo hotel was rebranded following the Trump Organization's exit from the project.{{Cite news|url=http://www.nydailynews.com/new-york/manhattan/trump-soho-signs-newly-christened-dominick-hotel-article-1.3712668|author=Brennan, Christopher|title=Trump SoHo signs come down at newly christened Dominick Hotel|work=Daily News|location=New York City|date=December 21, 2017|access-date=August 26, 2019|archive-url=https://web.archive.org/web/20190826070935/https://www.nydailynews.com/new-york/manhattan/trump-soho-signs-newly-christened-dominick-hotel-article-1.3712668|archive-date=August 26, 2019|url-status=live}} "Russian-born" Felix Sater was listed as an employee of Bayrock when the partnership was born. Sater had served time in prison for injuries he inflicted in a bar fight before the Soho partnership.
• New York City suburbs:
• Trump Bay Street: A 447-unit rental apartment building in Jersey City with the real estate development company, Kushner Properties and The KABR Group.{{cite web | url=https://www.wsj.com/articles/SB10001424052702304536104579555964002128536 | title=Trump and Kushner Families Are Coming Together for Another Union – This Time a Deal | work=The Wall Street Journal | date=May 11, 2014 | access-date=June 18, 2014 | author=Whelan, Robbie | archive-url=https://web.archive.org/web/20141217024226/http://www.wsj.com/articles/SB10001424052702304536104579555964002128536 | archive-date=December 17, 2014 | url-status=live }}
• Trump Plaza: An apartment tower located adjacent to Trump Bay Street.
• Trump Plaza: A 39-story luxury residence and hotel with retail space 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 Parc 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 was 2007. Trump "decided to pull his name from the marquee and end his agreement with the developers" in 2009Sallah, Michael, [http://www.miamiherald.com/news/politics-government/election/article63879697.html From the Herald archives: Donald Trump's tower of trouble"] {{Webarchive|url=https://web.archive.org/web/20170129052921/http://www.miamiherald.com/news/politics-government/election/article63879697.html |date=January 29, 2017 }}, Miami Herald, March 25, 2012/republished March 3, 2016. Retrieved February 18, 2017. and the developers defaulted on a $139 million loan in 2010, leaving the building faced with foreclosure.{{cite news|last=Hemlock|first=Doreen|title=Trump condo-hotel on Fort Lauderdale beach faces foreclosure|url=http://articles.sun-sentinel.com/2010-03-16/business/fl-trump-foreclosure-20100315_1_condo-hotel-condo-buyers-corus-bankshares|access-date=March 7, 2018|work=Sun-Sentinel|date=March 16, 2010|archive-url=https://web.archive.org/web/20180302044717/http://articles.sun-sentinel.com/2010-03-16/business/fl-trump-foreclosure-20100315_1_condo-hotel-condo-buyers-corus-bankshares|archive-date=March 2, 2018|url-status=dead}} In November 2010, Trump announced he was no longer affiliated with the project.{{cite news|last=Hemlock|first=Doreen|title=Trump says his name is off Fort Lauderdale condo hotel: Real estate mogul's claim of lessened role called 'fraud on the public'|url=http://articles.sun-sentinel.com/2010-11-03/business/fl-trump-hotel-update-20101103_1_condo-units-fort-lauderdale-condo-hotel-trump-international-hotel|access-date=March 7, 2018|work=Sun-Sentinel|date=November 3, 2010|archive-url=https://web.archive.org/web/20180302044600/http://articles.sun-sentinel.com/2010-11-03/business/fl-trump-hotel-update-20101103_1_condo-units-fort-lauderdale-condo-hotel-trump-international-hotel|archive-date=March 2, 2018|url-status=dead}}
• 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 200-unit, 41-story condominium tower in Hollywood, Florida, developed by Jorge M. Pérez and The Related Companies. Announced in 2006 and began construction a year later.{{cite news|title=Trump Tower Planned for Hollywood Beach|url=http://www.miamiherald.com/site-services/archives/|access-date=March 7, 2018|work=Miami Herald|date=May 7, 2006|url-access=subscription|archive-url=https://web.archive.org/web/20180306235653/http://www.miamiherald.com/site-services/archives/|archive-date=March 6, 2018|url-status=live}}{{cite news|last=Henry|first=Saxon|title=Trump Hollywood Breaks Ground|url=http://www.miamiherald.com/site-services/archives/|access-date=March 7, 2018|work=Miami Herald|date=April 1, 2007|url-access=subscription|archive-url=https://web.archive.org/web/20180306235653/http://www.miamiherald.com/site-services/archives/|archive-date=March 6, 2018|url-status=live}} Opened in 2009 and foreclosed the following year,{{cite news|last=Owers|first=Paul|title=Luxury In The Sky|url=http://articles.sun-sentinel.com/2009-08-22/business/0908210150_1_condo-development-luxury-condo-condo-hotel|access-date=March 7, 2018|work=Sun-Sentinel|date=August 22, 2009|archive-url=https://web.archive.org/web/20180308041400/http://articles.sun-sentinel.com/2009-08-22/business/0908210150_1_condo-development-luxury-condo-condo-hotel|archive-date=March 8, 2018|url-status=dead}}{{cite news|last=Owers|first=Paul|title=Sales slow at Trump Hollywood|url=http://articles.sun-sentinel.com/2010-07-23/business/fl-trump-hollywood-20100723_1_donald-trump-trump-hollywood-trump-international-hotel|access-date=March 7, 2018|work=Sun-Sentinel|date=July 23, 2010|archive-url=https://web.archive.org/web/20180308041755/http://articles.sun-sentinel.com/2010-07-23/business/fl-trump-hollywood-20100723_1_donald-trump-trump-hollywood-trump-international-hotel|archive-date=March 8, 2018|url-status=dead}}{{cite news|last=Owers|first=Paul|title=Lenders foreclose on 200-unit Trump Hollywood condo|url=http://articles.sun-sentinel.com/2010-11-18/business/fl-trump-hollywood-foreclosed-20101118_1_icon-brickell-condo-perez-and-trump-trump-hollywood|access-date=March 7, 2018|work=Sun-Sentinel|date=November 18, 2010|archive-url=https://web.archive.org/web/20180308042430/http://articles.sun-sentinel.com/2010-11-18/business/fl-trump-hollywood-foreclosed-20101118_1_icon-brickell-condo-perez-and-trump-trump-hollywood|archive-date=March 8, 2018|url-status=dead}} before selling out in 2012.{{cite news|last=Owers|first=Paul|title=Trump Hollywood condos sell out|url=http://articles.sun-sentinel.com/2012-06-14/features/sfl-trump-hollywood-sells-out-link-20120614_1_trump-hollywood-condo-crash-bh3|access-date=March 7, 2018|work=Sun-Sentinel|date=June 14, 2012|archive-url=https://web.archive.org/web/20180308103257/http://articles.sun-sentinel.com/2012-06-14/features/sfl-trump-hollywood-sells-out-link-20120614_1_trump-hollywood-condo-crash-bh3|archive-date=March 8, 2018|url-status=dead}}
• Trump Tower: Cancelled project in Tampa, Florida.
• Other domestic:
• Trump Towers Atlanta: project foreclosed and cancelled.{{cite web|url=http://skylineviews.typepad.com/skyline_views/2010/02/trump-towers-atlanta-site-to-remain-parking-lot.html|title=Trump Towers Atlanta Site to Remain Parking Lot|work=Skyline Views|access-date=February 10, 2013|archive-url=https://web.archive.org/web/20160421053016/http://skylineviews.typepad.com/skyline_views/2010/02/trump-towers-atlanta-site-to-remain-parking-lot.html|archive-date=April 21, 2016|url-status=live}}{{cite web|url=http://www.emporis.com/building/trump-towers-atlanta-one-atlanta-ga-usa|title=Trump Towers Atlanta One, Atlanta |publisher=Emporis GmbH|access-date=February 10, 2013|archive-url=https://web.archive.org/web/20121024235814/http://www.emporis.com/building/trump-towers-atlanta-one-atlanta-ga-usa|archive-date=October 24, 2012|url-status=usurped}}
• Trump Tower: empty lot in Philadelphia, filed for bankruptcy as of January 2013 to prevent imminent foreclosure.{{cite web | url=http://www.centercityteam.com/2013/01/08/trump-tower-philadelphia-project-files-bankruptcy-to-avoid-foreclosure/ | title=Trump Philadelphia to Avoid Foreclosure | access-date=May 31, 2014 | url-status=dead | archive-url=https://web.archive.org/web/20150416011503/http://www.centercityteam.com/2013/01/08/trump-tower-philadelphia-project-files-bankruptcy-to-avoid-foreclosure/ | archive-date=April 16, 2015 | df=mdy-all }}
• Trump International Hotel and Tower Waikiki Beach Walk: Completed in November 2009 with 462 hotel-condominium units.
• Trump International Hotel & Residence: was a proposed real estate development in Phoenix, Arizona, that was cancelled on December 21, 2005.
• Trump International Hotel and Tower: New Orleans (Project slated to begin construction during the first quarter of 2007). "Declared dead in July 2011 after the location land was foreclosed on and sold at auction".{{citation needed|date=March 2017}}
• Trump International Hotel and Tower Chicago: Completed in early 2009 (Opened to public January 30, 2009). Cost of construction was about $847 million.{{cite web|url=http://trump-wiki-information.esy.es/|title=The official Trump esy.es encyclopedia|date=June 12, 2015|website=The Surprising, Subtle Messages in Trump's SCOTUS Shortlist|publisher=Devland Mccullough|access-date=May 26, 2016|url-status=dead|archive-url=https://archive.today/20161111143150/http://trump-wiki-information.esy.es/|archive-date=November 11, 2016}}
• International:
• Elite Tower, Ramat Gan, Israel was a planned commercial real estate development slated to be the tallest building in Israel. Called the Trump Plaza Tower, Trump shelved the plans in 2007, when the site was sold on to Azorim for NIS 306.5 million.{{cite web|url=http://www.calcalist.co.il/real_estate/articles/0,7340,L-3369485,00.html|title=בלעדי ל"כלכליסט"—שנה אחרי ההקפאה: אזורים מפשירה את תוכנית מגדל עלית|work=כלכליסט|date=December 2009|access-date=June 30, 2014|archive-url=https://web.archive.org/web/20161126144552/http://www.calcalist.co.il/real_estate/articles/0,7340,L-3369485,00.html|archive-date=November 26, 2016|url-status=live}}{{cite web |url=http://fr.jpost.com/servlet/Satellite?cid=1202742141873&pagename=JPost/JPArticle/ShowFull |title=Parting with Ramat Gan's Elite landmark is sweet sorrow |work=Jerusalem Post |access-date=January 14, 2021 |archive-date=July 6, 2013 |archive-url=https://archive.today/20130706010458/http://fr.jpost.com/servlet/Satellite?cid=1202742141873&pagename=JPost/JPArticle/ShowFull |url-status=dead }} Trump purchased the site for $44 million.Krawitz, Ari, [http://www.jpost.com/Real-Estate/Donald-Trump-plans-Ramat-Gan-luxury-tower "Donald Trump plans Ramat Gan luxury tower"] {{Webarchive|url=https://web.archive.org/web/20170325201457/http://www.jpost.com/Real-Estate/Donald-Trump-plans-Ramat-Gan-luxury-tower |date=March 25, 2017 }}, Jerusalem Post, March 9, 2006.
• Trump International Hotel & Tower Lido Lake, West Java, Indonesia. Trump Hotels will be involved with the 700-hectare Lido Lake development, one hour from Bandung, Indonesia including a six-star luxury resort, 18-hole signature Ernie Els championship golf course, elite Lifestyle Country Club & Spa as well as a high-end residential offering including luxury villas and condominiums.{{cite web|last1=Kumar|first1=Anita|title=Despite pledge, Trump company works with a foreign entity. Again.|url=http://www.mcclatchydc.com/news/politics-government/white-house/article187562198.html|website=mcclatchydc.com|publisher=McClatchy|access-date=March 22, 2018|archive-url=https://web.archive.org/web/20180322082005/http://www.mcclatchydc.com/news/politics-government/white-house/article187562198.html|archive-date=March 22, 2018|url-status=live}}{{cite web|url=https://www.trumphotels.com/lido|title=Trump International Hotel & Tower Lido|access-date=November 11, 2016|archive-url=https://web.archive.org/web/20170126220344/https://www.trumphotels.com/lido|archive-date=January 26, 2017|url-status=dead}} One of the Trump Organization's partners in Indonesia is Tanoesoedibjo, who is "building up a following as he mulls a presidential run", according to Forbes.Alexander, Dan, [https://www.forbes.com/sites/danalexander/2017/03/24/after-promising-not-donald-talk-business-with-father-eric-trump-says-president-give-him-financial-reports/#5b0a8269359a " After Promising Not To Talk Business With Father, Eric Trump Says He'll Give Him Financial Reports"] {{Webarchive|url=https://web.archive.org/web/20170324194803/https://www.forbes.com/sites/danalexander/2017/03/24/after-promising-not-donald-talk-business-with-father-eric-trump-says-president-give-him-financial-reports/#5b0a8269359a |date=March 24, 2017 }}, Forbes, March 24, 2017. Retrieved March 24, 2017. MNC Lido City is partially funded by the Chinese government.{{cite web |url=https://thehill.com/homenews/administration/387699-obama-ethics-chief-accuses-trump-of-violating-emoluments-clause/ |title=Obama ethics chief accuses Trump of violating emoluments clause: 'See you in court Mr. Trump' |first=Avery |last=Anapol |date=May 15, 2018 |website=thehill.com |access-date=May 17, 2018 |archive-url=https://web.archive.org/web/20180516014249/http://thehill.com/homenews/administration/387699-obama-ethics-chief-accuses-trump-of-violating-emoluments-clause |archive-date=May 16, 2018 |url-status=live }}{{cite web |url=https://www.nytimes.com/2018/05/15/world/asia/trump-hotel-china-indonesia.html |title=Trump Indonesia Real Estate Project Gets Chinese Government Ally |first1=Alexandra |last1=Stevenson |first2=Richard C. |last2=Paddock |date=May 15, 2018 |website=NYT |access-date=May 17, 2018 |archive-url=https://web.archive.org/web/20180516164752/https://www.nytimes.com/2018/05/15/world/asia/trump-hotel-china-indonesia.html |archive-date=May 16, 2018 |url-status=live }}
• Trump International Hotel & Tower Vancouver, Vancouver. The 63-story, {{convert|188|m|ft|adj=mid|-high|abbr=off}}, mixed-use tower in Downtown Vancouver, British Columbia, Canada, was primarily a project of Donald Trump Jr. and the CEO of Malaysian company TA Global Berhad. It was completed in 2016. The Trump hotel occupies the first 15 floors of the building.{{cite news|last=Jang|first=Brent|url=https://www.theglobeandmail.com/news/british-columbia/trump-brand-arrives-in-bc/article12694828/|title=Trump brand arrives in B.C. with Vancouver tower plan|work=The Globe and Mail|date=June 19, 2013|access-date=August 29, 2020|archive-date=February 18, 2021|archive-url=https://web.archive.org/web/20210218214541/https://www.theglobeandmail.com/news/british-columbia/trump-brand-arrives-in-bc/article12694828/|url-status=live}} The hotel had reported declining revenue in 2019 and closed in March 2020. Its owner, a subsidiary of TA Global Berhad, filed for bankruptcy in August 2020.{{cite news |last1=Fahrenthold |first1=David A. |last2=O'Connell |first2=Jonathan |title=Company that owns President Trump's Vancouver hotel files for bankruptcy |url=https://www.washingtonpost.com/politics/trump-hotel-vancouver-permanently-closed/2020/08/28/5a8a2f2c-e935-11ea-97e0-94d2e46e759b_story.html |newspaper=The Washington Post |date=August 29, 2020 |access-date=August 29, 2020 |archive-date=August 28, 2020 |archive-url=https://web.archive.org/web/20200828215731/https://www.washingtonpost.com/politics/trump-hotel-vancouver-permanently-closed/2020/08/28/5a8a2f2c-e935-11ea-97e0-94d2e46e759b_story.html |url-status=live }}{{cite web |last=Warburton |first=Moira |title=Operator of Trump International Hotel in Vancouver files for bankruptcy |url=https://www.reuters.com/article/us-canada-trump/operator-of-trump-international-hotel-in-vancouver-files-for-bankruptcy-idUSKBN25O31N |work=Reuters |date=August 28, 2020 |access-date=August 28, 2020 |archive-date=August 29, 2020 |archive-url=https://web.archive.org/web/20200829061534/https://www.reuters.com/article/us-canada-trump/operator-of-trump-international-hotel-in-vancouver-files-for-bankruptcy-idUSKBN25O31N |url-status=live }}
• Trump Towers Istanbul, Istanbul, Turkey{{cite web | url=http://www.trumpistanbul.com.tr | title=Trump Istanbul | access-date=May 31, 2014 | archive-url=https://web.archive.org/web/20140530061809/http://www.trumpistanbul.com.tr/ | archive-date=May 30, 2014 | url-status=live }}

:* Trump World Seoul, Korea: Which Trump received a licensing fee of $5 million to lend his name.

:* Daewoo Trump World Centum, Busan, Korea

:* The Palm Trump International Hotel and Tower, Dubai

:* Trump Ocean Resort Baja Mexico was a planned 3-tower, 25-story, 526 unit hotel condominium, San Diego. This project collapsed due to the project's failure to secure financing.

:* Trump at Cap Cana will be located in Punta Cana, Dominican Republic.

:* Trump Tower Manila, Makati City, Metro Manila, Philippines: The brand name and mark under license. Anticipated completion is to be announced.{{citation needed|date=March 2017}} Philippines president Rodrigo Duterte "appointed Trump partner Jose Antonio to serve as a special envoy to the United States just before Trump's November victory".Alexander, Dan, [https://www.forbes.com/sites/danalexander/2017/03/20/in-trump-they-trust-inside-the-global-web-of-partners-cashing-in-on-the-president "In Trump They Trust: Inside The Global Web Of Partners Cashing In On The President"] {{Webarchive|url=https://web.archive.org/web/20170325203604/https://www.forbes.com/sites/danalexander/2017/03/20/in-trump-they-trust-inside-the-global-web-of-partners-cashing-in-on-the-president/ |date=March 25, 2017 }}, Forbes, March 20, 2017. With appended listing of Trump Organization partners. Retrieved March 24, 2017.

:* Trump Tower, Mumbai, India.{{cite web | url=https://www.forbes.com/sites/naazneenkarmali/2014/08/19/donald-trump-descends-on-india/ | title=Trump Trump's India Ventures | website=Forbes | access-date=August 19, 2014 | archive-url=https://web.archive.org/web/20140819122841/http://www.forbes.com/sites/naazneenkarmali/2014/08/19/donald-trump-descends-on-india/ | archive-date=August 19, 2014 | url-status=live }} "Billionaire Mangal Lodha is developing a 75-story, 300-apartment luxury residential project called Trump Towers building while serving as a regional vice president of a major political party."{{Cite news|url=https://economictimes.indiatimes.com/wealth/real-estate/donald-trump-just-the-name-is-enough-for-indian-real-estate/articleshow/56390279.cms|title=Realty Projects in India with Trump Organization|website=Economic Times|archive-url=https://web.archive.org/web/20180111170851/https://economictimes.indiatimes.com/wealth/real-estate/donald-trump-just-the-name-is-enough-for-indian-real-estate/articleshow/56390279.cms|archive-date=January 11, 2018|url-status=live}}

:* Trump Towers Pune, India, built in association with Panchshil Realty in Pune's Kalyani Nagar area.

:* Trump Towers, Gurugram, India, is the largest super-luxury residential development in India with 1.25 million-square-foot project near Golf Course Extension Road, which will be built by IREO alongside a retail complex.

:* Trump Towers, Gurugram, India is the second project in Gurgaon tied up with developer M3M India to build a residential building in Gurgaon.

:* Trump Towers Kolkata, India, is the result of tie up with Unimark Group and Trump Organization to build a 38 floor 400,000 sq. ft. residential project near Eastern Metropolitan Bypass stretch, Kolkata.

:* As of February 2017 in South America, the Trump Organization had one active project: the Trump Tower Punta del Este in Punta del Este, Uruguay. By that time, the company had ended its involvement with two projects in Rio de Janeiro, Brazil: the partially built Trump Hotel Rio de Janeiro and the unbuilt Trump Towers Rio office complex. The company also dropped plans for another office project, the 35-story Trump Office Buenos Aires,{{cite news|last=Grabar|first=Henry|title=Did Trump Ask the President of Argentina for a Building Permit? Either Way, There's a Problem.|url=http://www.slate.com/blogs/moneybox/2016/11/21/did_donald_trump_ask_mauricio_macri_for_a_building_permit_it_does_not_matter.html|access-date=August 6, 2017|work=Slate|date=November 21, 2016|archive-url=https://web.archive.org/web/20170806231916/http://www.slate.com/blogs/moneybox/2016/11/21/did_donald_trump_ask_mauricio_macri_for_a_building_permit_it_does_not_matter.html|archive-date=August 6, 2017|url-status=live}} which was to be built in Buenos Aires, Argentina.Carless, Will, [https://www.usatoday.com/story/news/world/2017/02/08/south-american-trump-tower-plans/97639662/ "What happened to all the South American Trump Tower plans?"] {{Webarchive|url=https://web.archive.org/web/20170809175148/https://www.usatoday.com/story/news/world/2017/02/08/south-american-trump-tower-plans/97639662/ |date=August 9, 2017 }}, GlobalPost via USA Today, February 8, 2017. Retrieved February 18, 2017. Paulo Figueiredo Filho partnered with the organization in Brazil and "worked mostly with the [Trump] children".

The company, which did business as the Trump Hotel Collection (THC) until it was renamed Trump Hotels, manages Trump properties and Trump-branded hotels, residential buildings, and golf courses worldwide.{{cite web|url=https://ag.ny.gov/press-release/2016/ag-schneiderman-announces-settlement-trump-hotel-collection-after-data-breaches|title=A.G. Schneiderman Announces Settlement With Trump Hotel Collection After Data Breaches Expose Over 70K Credit Card Numbers|publisher=New York State Office of the Attorney General|date=September 23, 2016|access-date=January 30, 2022|archive-date=January 30, 2022|archive-url=https://web.archive.org/web/20220130233457/https://ag.ny.gov/press-release/2016/ag-schneiderman-announces-settlement-trump-hotel-collection-after-data-breaches|url-status=live}}{{Cite news|url=https://apnews.com/article/trump-tax-records-china-f086bba3b691acdc51535412f77f2c8e|title=Report: Tax records show Trump tried to land China projects|work=Associated Press|date=October 21, 2020|access-date=January 30, 2022|archive-date=January 6, 2021|archive-url=https://web.archive.org/web/20210106094636/https://apnews.com/article/trump-tax-records-china-f086bba3b691acdc51535412f77f2c8e|url-status=live}}{{Cite news|last=Dooley|first=Ben|url=https://news.abs-cbn.com/overseas/10/17/16/as-trump-bashed-china-he-sought-deals-with-its-govt|title=As Trump bashed China, he sought deals with its govt|agency=Agence France Press|via=ABS-CBN News|date=October 17, 2016|access-date=January 20, 2022|archive-date=January 8, 2022|archive-url=https://web.archive.org/web/20220108001127/https://news.abs-cbn.com/overseas/10/17/16/as-trump-bashed-china-he-sought-deals-with-its-govt|url-status=live}}

In 2008, THC formed a consortium with the Evergrande Real Estate Group and a Hong Kong-based fund to bid on the construction of the tallest skyscraper in Guangzhou. The bid fell apart when Evergrande withdrew during the global recession.{{cite news|last=Sito|first=Peggy|url=https://www.scmp.com/article/627743/evergrande-trump-eye-guangzhou-tower|title=Evergrande, Trump eye Guangzhou tower|work=South China Morning Post|date=February 27, 2008|access-date=January 30, 2022|archive-date=August 6, 2021|archive-url=https://web.archive.org/web/20210806095959/https://www.scmp.com/article/627743/evergrande-trump-eye-guangzhou-tower|url-status=live}}{{cite news|last1=Denyer|first1=Simon|last2=O'Connell|first2=Jonathan|url=https://www.washingtonpost.com/world/asia_pacific/trump-hotels-has-had-its-eye-on-china--but-the-door-hasnt-opened/2016/12/26/d237d926-c6e7-11e6-85b5-76616a33048d_story.html|title=Trump Hotels has had its eye on China – but the door hasn't opened|newspaper=The Washington Post|date=December 26, 2016|access-date=January 30, 2022|archive-date=February 28, 2021|archive-url=https://web.archive.org/web/20210228120956/https://www.washingtonpost.com/world/asia_pacific/trump-hotels-has-had-its-eye-on-china--but-the-door-hasnt-opened/2016/12/26/d237d926-c6e7-11e6-85b5-76616a33048d_story.html|url-status=live}}{{cite web|last=Schmitz|first=Rob|url=https://www.npr.org/2016/11/24/503236237/trumps-hotels-in-china-could-be-a-conflict-for-the-president-elect|title=Trump's Hotels In China Could Be A Conflict For The President-Elect|work=NPR|date=November 24, 2016|access-date=January 30, 2022|archive-date=November 19, 2021|archive-url=https://web.archive.org/web/20211119073653/https://www.npr.org/2016/11/24/503236237/trumps-hotels-in-china-could-be-a-conflict-for-the-president-elect|url-status=live}} In 2012, Trump 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. The project was abandoned a few months into Trump's 2016 presidential campaign when Chinese authorities began a corruption investigation into State Grid.{{Cite news|last1=McIntire|first1=Mike|last2=Buettner|first2=Russ|last3=Craig|first3=Susanne|url=https://www.nytimes.com/2020/10/20/us/trump-taxes-china.html|title=Trump Records Shed New Light on Chinese Business Pursuits|work=The New York Times|date=July 20, 2021|access-date=January 30, 2022|archive-date=January 22, 2021|archive-url=https://web.archive.org/web/20210122235458/https://www.nytimes.com/2020/10/20/us/trump-taxes-china.html|url-status=live}}

File:Trump Toronto June 2012.jpg]]

• St. Regis Toronto hotel and condo tower, formerly Trump International Hotel and Tower, was renamed Adelaide Hotel Toronto in 2017 and St. Regis Toronto in 2018, and management was taken over by Marriott International.{{cite news|last=Cruickshank|first=Ainslie|url=https://www.thestar.com/business/2017/06/27/trump-organization-to-check-out-from-toronto-hotel-condo-tower.html|title=Trump Organization to check out from Toronto hotel, condo tower|newspaper=The Star|date=June 27, 2017|access-date=January 25, 2020|archive-url=https://web.archive.org/web/20191115191104/https://www.thestar.com/business/2017/06/27/trump-organization-to-check-out-from-toronto-hotel-condo-tower.html|archive-date=November 15, 2019|url-status=live}}{{cite news|url=https://www.thestar.com/business/2017/06/29/innvest-hotels-acquires-former-trump-tower-in-toronto.html|title=InnVest hotels acquires former Trump Tower in Toronto|newspaper=The Star|date=June 29, 2017|access-date=January 25, 2020|archive-url=https://web.archive.org/web/20190709130420/https://www.thestar.com/business/2017/06/29/innvest-hotels-acquires-former-trump-tower-in-toronto.html|archive-date=July 9, 2019|url-status=live}}
• JW Marriott Panama hotel and condo tower, formerly Trump Ocean Club International Hotel and Tower, Panama. Renamed JW Marriott Panama in 2019, management taken over by Marriott International.{{cite web|last=Fahrenthold|first=David A.|url=https://www.washingtonpost.com/politics/owners-of-former-trump-hotel-in-panama-say-presidents-firm-evaded-taxes/2019/06/03/fe70d344-866b-11e9-a870-b9c411dc4312_story.html|title=Owners of former Trump hotel in Panama say president's company evaded taxes|newspaper=The Washington Post|date=June 4, 2019|access-date=January 25, 2020|archive-url=https://web.archive.org/web/20190621184924/https://www.washingtonpost.com/politics/owners-of-former-trump-hotel-in-panama-say-presidents-firm-evaded-taxes/2019/06/03/fe70d344-866b-11e9-a870-b9c411dc4312_story.html|archive-date=June 21, 2019|url-status=live}}

• Trump Tower, Batumi. In 2011, Trump licensed his name to Silk Road Group, a company based in Georgia, for a Trump Tower to be built in Batumi, a city on the Black Sea in Georgia. The 47-story building was supposed to contain high-end condos, luxury shops, and a casino. In return for the license and a publicity campaign promoting the project, Trump received a fee of around $1 million up-front and 12% of all revenue for condos sold. Georgia president Mikheil Saakashvili hosted and accompanied Trump during his two-day visit to Georgia in April 2012, with both men praising each other, and awarded him the Presidential Order of Excellence.{{cite news |url=https://georgianjournal.ge/business/8993-donald-trump-expected-investment-trump-card.html |title=Donald Trump – Expected Investment Trump Card |work=Georgian Journal |date=April 26, 2012 |access-date=August 24, 2024}}{{cite magazine |last=Davidson |first=Adam |author-link=Adam Davidson (journalist) |url=https://www.newyorker.com/magazine/2017/08/21/trumps-business-of-corruption |title=Trump's Business of Corruption |magazine=The New Yorker |date=August 14, 2017 |access-date=August 24, 2024}}{{Cite news|url=https://old.civil.ge/eng/article.php?id=24684|title=Saakashvili, Trump Unveil Tower Project, Praise Each Other|date=April 22, 2012|work=Civil Georgia|access-date=August 24, 2024}}{{cite news |last=Alexander |first=Dan |url=https://www.forbes.com/sites/danalexander/2017/08/01/exclusive-investigation-inside-the-wild-plan-to-create-a-fake-trump-tower/ |title=Exclusive Investigation: Inside The Wild Plan To Create A Fake Trump Tower |work=Forbes |date=August 2, 2017 |access-date=August 24, 2024}} After Trump's election to the presidency, he cancelled the licensing agreement without refunding the fee.{{cite news |last=Sirtori-Cortina |first=Daniela |url=https://www.forbes.com/sites/danielasirtori/2017/03/20/the-capitalists-curtain-georgia/ |title=Trump Canceled His Georgia Deal, But His Former Partners Have No Hard Feelings |work=Forbes |date=March 20, 2017 |access-date=August 24, 2024}}

• Central Park Carousel: In 2010, Trump took over the management of the merry-go-round located in Manhattan's Central Park, promising to revive it after its previous operator was removed by the city's parks department. The carousel generated $589,000 from annual admissions.{{cite news |last1=Bennett |first1=Kitty |last2=Eder |first2=Steve |last3=Barbaro |first3=Michael |name-list-style=amp |date=July 22, 2015 |title=Donald Trump's Income and Wealth Are Shown in Filing but Are Hard to Pinpoint |url=https://www.nytimes.com/politics/first-draft/2015/07/22/f-e-c-releases-donald-trumps-financial-disclosure-statement/ |url-status=live |archive-url=https://web.archive.org/web/20160303141249/http://www.nytimes.com/politics/first-draft/2015/07/22/f-e-c-releases-donald-trumps-financial-disclosure-statement/ |archive-date=March 3, 2016 |access-date=January 16, 2016 |work=The New York Times}}{{cite web |last1=Abramson |first1=Alana |last2=Struyk |first2=Ryan |last3=Good |first3=Chris |date=July 22, 2015 |title=Donald Trump Has 487 Job Titles And Everything Else We Learned About His Finances Today |url=https://abcnews.go.com/Politics/donald-trump-487-job-titles-learned-finances-today/story?id=32622993 |url-status=live |archive-url=https://web.archive.org/web/20160127055425/http://abcnews.go.com/Politics/donald-trump-487-job-titles-learned-finances-today/story?id=32622993 |archive-date=January 27, 2016 |access-date=January 16, 2016 |work=ABC News}} The Trump Organization had a contract to operate the carousel through April 2021, and was awarded to another company in 2021.{{Cite news |last=Matthews |first=Karen |date=July 7, 2021 |title=New operator chosen for NYC ice rink formerly run by Trump |url=https://apnews.com/article/business-c7e577c6fe947ed078b5cdd1a3c4f8ec |url-status=live |archive-url=https://web.archive.org/web/20210706232707/https://apnews.com/article/business-c7e577c6fe947ed078b5cdd1a3c4f8ec |archive-date=July 6, 2021 |access-date=January 30, 2022 |work=Associated Press}}
• Empire State Building: Trump acquired 50 percent ownership of the iconic skyscraper in 1994.{{cite news|title=Trump owns half of Empire State Building|newspaper=Los Angeles Times|agency=AP|date=July 8, 1994|url=https://www.latimes.com/archives/la-xpm-1994-07-08-fi-13416-story.html|access-date=May 21, 2018|archive-url=https://web.archive.org/web/20150710051907/http://articles.latimes.com/1994-07-08/business/fi-13416_1_empire-state-building|archive-date=July 10, 2015|url-status=live}} After failed efforts to gain control of the building by evicting the master leaseholder, he and his partner sold the building in 2002.{{cite news|title=Trump's lost Empire: The deal that marked the Donald's turn from New York real estate|newspaper=Crain's New York|first=Aaron|last=Elstein|date=April 17, 2016|url=http://www.crainsnewyork.com/article/20160417/REAL_ESTATE/160419898/the-deal-that-marked-donald-trumps-turn-from-new-york-real-estate-and-led-him-to-find-other-ways-to-remain-in-the-public-eye|access-date=May 21, 2018|archive-url=https://web.archive.org/web/20170328234448/http://www.crainsnewyork.com/article/20160417/REAL_ESTATE/160419898/the-deal-that-marked-donald-trumps-turn-from-new-york-real-estate-and-led-him-to-find-other-ways-to-remain-in-the-public-eye|archive-date=March 28, 2017|url-status=live}}
• General Motors Building at Trump International Plaza: Trump partnered with Conseco to buy the 50-story Manhattan office building in 1998, and then attached his name to it.{{cite book|title=The Liar's Ball: The Extraordinary Saga of How One Building Broke the World's Toughest Tycoons|first=Vicky|last=Ward|publisher=John Wiley & Sons|year=2014|pages=3–4|url=https://books.google.com/books?id=cVG_BAAAQBAJ&pg=PA3|isbn=978-1118421512|access-date=May 21, 2018|archive-date=January 14, 2021|archive-url=https://web.archive.org/web/20210114220116/https://books.google.com/books?id=cVG_BAAAQBAJ&pg=PA3|url-status=live}} The building was sold in 2003.{{cite book|title=Donald Trump: The Candidate|first=Gwenda|last=Blair|year=2007|publisher=Simon & Schuster|page=208|url=https://books.google.com/books?id=ws8XCwAAQBAJ&pg=PA208|isbn=978-1416546542|access-date=May 21, 2018|archive-date=January 14, 2021|archive-url=https://web.archive.org/web/20210114220115/https://books.google.com/books?id=ws8XCwAAQBAJ&pg=PA208|url-status=live}}
• Grand Hyatt New York: Trump partnered with Hyatt to purchase and renovate the historic Commodore Hotel. They reopened the hotel in 1980. Trump sold his stake to Hyatt in 1996.{{cite news|title=Trump sells Hyatt share to Pritzkers|newspaper=New York Times|first=Charles V.|last=Bagli|date=October 8, 1996|url=https://www.nytimes.com/1996/10/08/business/trump-sells-hyatt-share-to-pritzkers.html|access-date=May 21, 2018|archive-url=https://web.archive.org/web/20180612211503/https://www.nytimes.com/1996/10/08/business/trump-sells-hyatt-share-to-pritzkers.html|archive-date=June 12, 2018|url-status=live}}
• Plaza Hotel: A historic hotel in Manhattan. Trump purchased it in 1988. He gave up half of his ownership in a 1992 bankruptcy case, and sold the rest in 1995.{{cite news|title=What Donald Trump's Plaza deal reveals about his White House bid|newspaper=New York Times|first=David|last=Segal|date=January 16, 2016|url=https://www.nytimes.com/2016/01/17/business/what-donald-trumps-plaza-deal-reveals-about-his-white-house-bid.html|access-date=May 21, 2018|archive-url=https://web.archive.org/web/20180522115252/https://www.nytimes.com/2016/01/17/business/what-donald-trumps-plaza-deal-reveals-about-his-white-house-bid.html|archive-date=May 22, 2018|url-status=live}}{{cite news|title=Trump's Plaza Hotel bankruptcy plan approved|newspaper=New York Times|agency=Reuters|date=December 12, 1992|url=https://www.nytimes.com/1992/12/12/business/company-news-trump-s-plaza-hotel-bankruptcy-plan-approved.html|access-date=May 21, 2018|archive-url=https://web.archive.org/web/20160820214142/http://www.nytimes.com/1992/12/12/business/company-news-trump-s-plaza-hotel-bankruptcy-plan-approved.html|archive-date=August 20, 2016|url-status=live}}
• Hotel St. Moritz: Trump bought this Manhattan hotel in 1985 for $72 million, and then sold it in 1988 for $180 million.{{cite news|title=Buyer plans for St. Moritz to be Ritz-Carlton flagship|newspaper=New York Times|first=Charles V.|last=Bagli|date=November 8, 1999|url=https://www.nytimes.com/1999/11/08/nyregion/buyer-plans-for-st-moritz-to-be-ritz-carlton-flagship.html|access-date=May 21, 2018|archive-url=https://web.archive.org/web/20180727150137/https://www.nytimes.com/1999/11/08/nyregion/buyer-plans-for-st-moritz-to-be-ritz-carlton-flagship.html|archive-date=July 27, 2018|url-status=live}}
• Maison de L'Amitie: A {{convert|43000|sqft|adj=on}} oceanfront mansion in Palm Beach, Florida. Trump purchased this property for $41 million at a bankruptcy auction in 2004, renovated it for what he said was $3 million, then sold it to Russian oligarch Dmitry Rybolovlev for $95 million in 2008. The property had been appraised at $58.1 million in 2007.{{cite news |title=Trump mansion sells for $95 million |url=https://www.sun-sentinel.com/2008/07/18/trump-mansion-sells-for-95-million/ |work=Sun Sentinel |date=July 18, 2008}} The property was at the time the most expensive house ever sold in the United States.{{cite news|title=Donald Trump, the unwanted Palm Beach mansion and the Russian fertilizer king|newspaper=Chicago Tribune|first=Glenn|last=Garvin|date=March 7, 2017|url=https://www.chicagotribune.com/classified/realestate/ct-donald-trump-mansion-and-the-russian-fertilizer-king-20170306-story.html|access-date=May 14, 2018|archive-url=https://web.archive.org/web/20180515183721/http://www.chicagotribune.com/classified/realestate/ct-donald-trump-mansion-and-the-russian-fertilizer-king-20170306-story.html|archive-date=May 15, 2018|url-status=live}} Discussing the buyer of the property with a reporter for The Palm Beach Post as the sale was pending, Trump told her, "Don't say Russian"; the paper reported the buyer as "foreign".{{cite news |last1=Clough |first1=Alexandra |title='Don't say Russian': Trump didn't want to ID Palm Beach mansion buyer |url=https://www.palmbeachpost.com/story/news/2020/09/15/trumps-sale-palm-beach-mansion-gains-scrutiny-again/5798386002/ |work=The Palm Beach Post |issue=September 15, 2020}} The sale was examined by the Mueller special counsel investigation in 2017.{{cite news |title=Mueller said to expand probe to Trump business transactions |url=https://www.denverpost.com/2017/07/20/trump-business-transactions-russia-investigation-mueller-said/ |publisher=Bloomberg News via Denver Post |date=July 20, 2017|author1=Greg Farrell|author2=Christian Berthelsen}}
• Trump Golf Links at Ferry Point: Trump assumed management of this New York City-owned golf course in 2015.{{cite news|title=Luxury public golf course, run by Trump, opens on former Bronx dump|work=The New York Times|date=April 1, 2015|first=Lisa W.|last=Foderaro|url=https://www.nytimes.com/2015/04/02/nyregion/luxury-public-golf-course-run-by-trump-opens-on-former-bronx-dump.html|access-date=October 15, 2023}} The management contract was sold to Bally's Corporation in 2023.{{cite news|title=Bally's to run Trump Links through 2035 'win or lose' casino bid, Chair Soo Kim says|work=Bronx Times|first=Aliya|last=Schneider|date=September 14, 2023|url=https://www.bxtimes.com/ballys-trump-links-casino-soo-kim/|accessdate=October 15, 2023}}
• Trump Plaza: After closing in 2014, the 34-story hotel and casino building fell into disrepair and was dynamited in 2021.{{Cite web|last=Valinsky|first=Jordan|date=17 February 2021|title=Watch the Trump Plaza Hotel and Casino get demolished|url=https://www.cnn.com/2021/02/17/business/trump-plaza-atlantic-city-implosion/index.html|access-date=17 February 2021|website=CNN|archive-date=February 18, 2021|archive-url=https://web.archive.org/web/20210218211754/https://www.cnn.com/2021/02/17/business/trump-plaza-atlantic-city-implosion/index.html|url-status=live}}

Early in the Trump presidency, Eric Trump and Donald Trump Jr. announced the creation of two new signature hotel brands, Scion and American Idea, as "the next generation of the company". After initially announcing as many as thirty potential deals in their pipeline, the ventures were scrapped in early 2019, with only one uncompleted hotel in Mississippi.{{cite news|url=https://www.nytimes.com/2019/02/14/us/trump-hotel-deals.html|title=Blaming Political Climate, Trumps Give Up on New Hotels|first1=Steve|last1=Eder|first2=Ben|last2=Protess|first3=Eric|last3=Lipton|newspaper=The New York Times|date=February 14, 2019|access-date=March 6, 2019|archive-url=https://web.archive.org/web/20190306111455/https://www.nytimes.com/2019/02/14/us/trump-hotel-deals.html|archive-date=March 6, 2019|url-status=live}}

Trump owns a wide variety of other enterprises outside real estate (which had an estimated 2013 value of $317.6 million).{{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= July 1, 2013 | access-date= January 16, 2016 | archive-url= https://web.archive.org/web/20160115010144/http://therealdeal.com/issues_articles/the-8-billion-dollar-man/ | archive-date= January 15, 2016 | url-status= live }} Other investments include a 17.2% stake in Parker Adnan, Inc. (formerly AdnanCo Group), a Bermuda-based financial services holdings company. He took in $1.1 million in men's wear licensing royalties.{{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 | access-date= January 17, 2016 | first= Brian | last= Balogh | archive-url= https://web.archive.org/web/20160118135429/http://firstyear2017.org/blog/trump-the-brand-not-the-candidate | archive-date= January 18, 2016 | url-status= live }} Trump earns $15,000 to $100,000 in book royalties and $2.2 million for his involvement with Trump Model Management every year.{{cite news | url= http://www.cnn.com/2015/07/22/politics/donald-trump-personal-financial-disclosure/index.html?iid=EL | title= Donald Trump's 92-page financial disclosure released | publisher= CNN | date= July 22, 2015 | access-date= January 17, 2016 | author= Diamond, Jeremy | archive-url= https://web.archive.org/web/20160202090253/http://www.cnn.com/2015/07/22/politics/donald-trump-personal-financial-disclosure/index.html?iid=EL | archive-date= February 2, 2016 | url-status= live }} Until 2015, Trump owned the Miss Universe, Miss USA and Miss Teen USA pageants, collectively worth $15 million.

Trump has marketed his name on a large number of products and services achieving mixed success doing so. Though not all subsidiaries of the organization, some of Trump's external entrepreneurial and investment ventures include or have included:

• Trump Princess superyacht, construction of world's biggest yacht, and shipyard ownership. In 1987, Trump bought a superyacht, originally built for Adnan Khashoggi, from the Sultan of Brunei and renamed it the Trump Princess. He leased it to the Trump's Castle hotel and casino. It was berthed in Atlantic City and used for events by the Castle and other Trump enterprises.{{cite news |last=Hylton |first=Richard D. |url=https://www.nytimes.com/1990/05/11/business/trump-is-reportedly-selling-yacht.html |title=Trump Is Reportedly Selling Yacht |work=The New York Times |date=May 11, 1990 |access-date=June 13, 2024}} In 1989, he put the yacht up for sale and commissioned the world's biggest yacht to be built at Amsel Holland BV, a small shipyard in a Dutch fishing village. Construction began in November 1989. In April 1990, Trump bought the shipyard to ensure the work would continue. In June, the Dutch insurer for the lines of credit of several companies involved in the construction cancelled their default insurances, and work was halted.{{cite news |url=https://www.latimes.com/archives/la-xpm-1990-06-20-fi-360-story.html |title=Insurer Jumps Ship on Trump's Plan for World's Biggest Yacht |agency=Reuters |via=Los Angeles Times |date=June 20, 1990 |access-date=June 13, 2024}} In July 1990, Trump sold the shipyard.{{cite news |last=Andersen |first=Susan Heller |title=Trump sells shipyard |url=https://www.nytimes.com/1990/09/25/style/chronicle-776490.html |work=The New York Times |date=September 25, 1990 |access-date=June 13, 2024}}
• Trump Financial (mortgage firm)
• Trump Sales and Leasing (residential sales)
• Trump International Realty (residential and commercial real estate brokerage firm)
• The Trump Entrepreneur Initiative (for profit business education company, formerly called Trump University){{Ref|trumpuni}}
• Trump Restaurants (located in Trump Tower and consisting of Trump Buffet, Trump Catering, Trump Ice Cream Parlor, and Trump Bar)
• GoTrump.com (former online travel search engine){{cite web | url= https://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 | access-date= January 17, 2016 | author= Holodny, Elena | archive-url= https://web.archive.org/web/20160127054835/http://finance.yahoo.com/news/12-donald-trump-businesses-that-no-longer-exist-204923129.html | archive-date= January 27, 2016 | url-status= live }}{{cite magazine|url= https://time.com/3988970/donald-trump-business/|title= Donald Trump's 16 Biggest Business Failures and Successes|first= Jacob|last= Koffler|magazine= Time|date= August 7, 2015|access-date= August 29, 2015|archive-url= https://web.archive.org/web/20150901195653/http://time.com/3988970/donald-trump-business/|archive-date= September 1, 2015|url-status= live}}
• Select By Trump (line of coffee drinks){{cite web | url= http://tworiversco.com/brands/select-by-trump/ | title= Select By Trump | access-date= January 17, 2016 | url-status= usurped | archive-url= https://web.archive.org/web/20160124043610/http://tworiversco.com/brands/select-by-trump/ | archive-date= January 24, 2016 | df= mdy-all }}
• Trump Drinks (energy drink for the Israeli and Palestinian markets){{cite news | url= https://www.bloomberg.com/politics/graphics/2015-how-trump-invented-trump/ | title= How Trump Invented Trump | publisher= Bloomberg Business | date= September 3, 2015 | access-date= January 17, 2016 | first= Max | last= Abelson | newspaper= Bloomberg.com | archive-url= https://web.archive.org/web/20160622232724/http://www.bloomberg.com/politics/graphics/2015-how-trump-invented-trump/ | archive-date= June 22, 2016 | url-status= live }}{{cite news | url= http://www.bloombergview.com/articles/2015-09-03/should-donald-trump-have-indexed- | title= Should Trump Have Indexed? | publisher= Bloomberg View | date= September 3, 2015 | access-date= January 17, 2016 | author= Levine, Matt | newspaper= Bloomberg.com | archive-url= https://web.archive.org/web/20160112171648/http://www.bloombergview.com/articles/2015-09-03/should-donald-trump-have-indexed- | archive-date= January 12, 2016 | url-status= live }}
• Donald J. Trump Signature Collection (a line of menswear, men's accessories, and watches)
• Fragrance product lines: Donald Trump The Fragrance (launched in 2004), Success (launched in 2012), Empire (launched in 2016){{cite news |last=O'Connor |first=Clare |url=https://www.forbes.com/sites/clareoconnor/2015/07/09/perfumania-maker-of-donald-trump-fragrances-cuts-ties-with-mogul/ |title=Perfumania, Maker Of Donald Trump Fragrances, Cuts Ties With Mogul |work=Forbes |date=July 23, 2015 |access-date=July 3, 2021 |archive-date=February 12, 2021 |archive-url=https://web.archive.org/web/20210212233616/https://www.forbes.com/sites/clareoconnor/2015/07/09/perfumania-maker-of-donald-trump-fragrances-cuts-ties-with-mogul/ |url-status=live }}{{cite news |last=Timm |first=Jane |url=https://www.msnbc.com/msnbc/trump-success-no-more-perfume-maker-drops-mogul-scent-msna635431 |title='Trump Success' no more: Perfume maker drops mogul scent |work=MSNBC |date=July 9, 2015 |access-date=July 3, 2021 |archive-date=November 8, 2020 |archive-url=https://web.archive.org/web/20201108100735/https://www.msnbc.com/msnbc/trump-success-no-more-perfume-maker-drops-mogul-scent-msna635431 |url-status=live }}{{cite news |last=Timm |first=Jane |url=https://www.yahoo.com/lifestyle/trump-fragrances-come-whiff-toxins-000000281.html |title=Trump Fragrances Come With a Whiff of Toxins |work=Yahoo! |date=August 19, 2016 |access-date=July 3, 2021 |archive-date=December 1, 2017 |archive-url=https://web.archive.org/web/20171201131737/https://www.yahoo.com/lifestyle/trump-fragrances-come-whiff-toxins-000000281.html |url-status=live }}
• Trump Ice (line of bottled water)
• Trump Magazine{{cite news|last1= Kelly|first1= Keith J.|title= Trump's Magazine Closed|url= https://nypost.com/2009/05/20/trumps-magazine-closed/|access-date= February 18, 2015|work= New York Post|date= May 20, 2009|archive-url= https://web.archive.org/web/20150218213303/http://nypost.com/2009/05/20/trumps-magazine-closed/|archive-date= February 18, 2015|url-status= live}}
• Trump Golf
• Trump Chocolate
• Trump Home (home furnishings)
• Trump Productions (television production company)
• Trump Institute (2005–2009 traveling lecture series promoted by Trump as offering his "wealth-creating secrets and strategies"){{cite news |last=Martin |first=jonathan |url=https://www.nytimes.com/2016/06/30/us/politics/donald-trump-institute-plagiarism.html |title=Trump Institute Offered Get-Rich Schemes With Plagiarized Lessons |work=The New York Times |date=June 29, 2016 |access-date=March 28, 2024}}
• The Trump Network. From 2009 to 2011, Trump licensed his name to Ideal Health, a multilevel marketing company that sold vitamins and other supplements, which rebranded as Trump Network.{{Cite news |last=Swanson |first=Anna |url=https://www.washingtonpost.com/news/wonk/wp/2016/03/23/the-trump-network-sought-to-make-people-rich-but-left-behind-disappointment/ |title=The Trump Network sought to make people rich, but left behind disappointment |newspaper=The Washington Post |date=March 23, 2016 |access-date=September 14, 2023}} Trump "pitched a 'recession-proof' opportunity during the economic downturn in 2009".{{cite news |last1=Goldman |first1= Julianna |last2=Strickler |first2=Laura |url=https://www.cbsnews.com/news/donald-trump-network-cbs-news-investigation-supplements-multi-level-marketing/ |title=Behind the collapse of the "recession-proof" Trump Network |work=CBS News |date=April 12, 2016 |access-date=September 14, 2023}} The company collapsed within 2.5 years, the owners of the company filed for bankruptcy, and sold it in 2012.
• Trump: The Game (1989 board game with a 2004 re-release version tied to The Apprentice)
• Donald Trump's Real Estate Tycoon (business-simulation game)
• Trump books: a series of ghostwritten books credited to Trump
• Trump Model Management
• Trump Shuttle
• Trump Mortgage
• Trump Vodka{{cite web | url= http://fortune.com/2015/07/06/failed-trump-businesses/ | title= Donald Trump's business fumbles | work= Fortune | date= July 6, 2015 | access-date= January 17, 2016 | first= Benjamin | last= Snyder | archive-url= https://web.archive.org/web/20160107045003/http://fortune.com/2015/07/06/failed-trump-businesses/ | archive-date= January 7, 2016 | url-status= live }}
• DJT Restaurant and Bar, Trump International Hotel Las Vegas.{{cite news |last=Ritter |first=Ken |url=https://www.today.com/news/trump-steakhouse-las-vegas-fails-inspection-wbna49858952 |title=Trump steakhouse in Las Vegas fails inspection |work=Today (American TV program) |date=November 16, 2012 |access-date=October 10, 2024}}{{cite news | url= http://www.nydailynews.com/news/national/trump-steakhouse-hit-51-violations-article-1.1203653 | title= Trump Steakhouse hit with 51 violations after officials find month-old caviar, expired yogurt | work= Daily News | date= November 17, 2012 | agency= Associated Press | access-date= January 17, 2016 | archive-url= https://web.archive.org/web/20160105151456/http://www.nydailynews.com/news/national/trump-steakhouse-hit-51-violations-article-1.1203653 | archive-date= January 5, 2016 | url-status= live }}
• Trump Steaks
• Trump Media & Technology Group (TMTG), technology company, it runs Trump's social media app 'TRUTH social'
• Trump Cards. In 2022, Trump licensed his "name, likeness and image" for the issuance of non-fungible tokens (NFTs), digital trading cards depicting Trump as a superhero, an Old West sheriff, and various other figures.{{cite news |last1=Bender m |first1=Michael C. |last2=Haberman |first2=Maggie |url=https://www.nytimes.com/2022/12/15/us/politics/trump-nft-trading-cards-superhero.html |title=Trump Sells a New Image as the Hero of $99 Trading Cards |work=The New York Times |date=December 15, 2022 |access-date=February 4, 2023 |archive-date=February 4, 2023 |archive-url=https://web.archive.org/web/20230204031346/https://www.nytimes.com/2022/12/15/us/politics/trump-nft-trading-cards-superhero.html |url-status=live }} The NFTs went on sale 30 days after Trump announced his candidacy in the 2024 presidential election but the initial announcement of the cards was made much earlier, at a time when he was expected to be announcing his presidential candidacy instead causing some to accuse Trump of bait and switch tactics.{{cite news |last=Bensinger |first=Ken |url=https://www.nytimes.com/2023/02/04/us/politics/trump-cards-nfts.html |title=Selling Trump Isn't What It Used to Be |work=The New York Times |date=February 4, 2023 |access-date=February 4, 2023 |archive-date=February 4, 2023 |archive-url=https://web.archive.org/web/20230204100651/https://www.nytimes.com/2023/02/04/us/politics/trump-cards-nfts.html |url-status=live }} The 44,000 images were priced at $99 each and sold out the first day despite being widely ridiculed.* {{Cite web |last=Bushard |first=Brian |date=April 18, 2023 |title=Trump Releases Digital Trading Cards – Again – After First Batch Of NFTs Sells Out In One Day And Raises Eyebrows |url=https://www.forbes.com/sites/brianbushard/2023/04/18/trump-releases-digital-trading-cards-again-after-first-batch-of-nfts-sells-out-in-one-day-and-raises-eyebrows/ |access-date=2023-11-20 |work=Forbes}}
• {{Cite web |last=Sarlin |first=Jon |date=2022-12-16 |title=Doald Trump's NFT superhero trading cards timed the market all wrong |url=https://www.cnn.com/2022/12/16/investing/donald-trump-nft-trading/index.html |access-date=2023-11-20 |work=CNN }}
• {{Cite web |last=Tran |first=Ken |title=Trump's "major announcement" of NFT collection draws ridicule but sells out |url=https://www.usatoday.com/story/news/politics/2022/12/16/donald-trump-nft-trading-card-collection/10908893002/ |access-date=2023-11-20 |work=USA Today }}
• {{Cite magazine |date=2022-12-15 |title=Donald Trump's "Major Announcement": Urging Followers to Spend $99 on Badly Photoshopped NFTs of His Face |url=https://www.vanityfair.com/news/2022/12/donald-trump-major-announcement-nft-digital-trading-cards |access-date=2023-11-20 |magazine=Vanity Fair |language=en-US}}
• {{Cite news |last=Bensinger |first=Ken |date=2023-02-04 |title=Selling Trump Isn't What it Used to Be |url=https://www.nytimes.com/2023/02/04/us/politics/trump-cards-nfts.html |work=The New York Times}}
• Trump Sneakers. In February 2024, Trump introduced a line of three Trump-branded sneakers at a footwear convention. The products are manufactured and sold by 45Footware LLC, a company registered on January 31, 2024, under a license agreement with CIC Ventures LLC, a company owned by Trump.{{cite news |last=Sullivan |first=Kate |url=https://edition.cnn.com/2024/02/17/politics/trump-sneakers-pay-millions-new-york-trial/index.html |title=Trump launches sneaker line a day after judge's order to pay nearly $355 million |work=CNN |date=February 18, 2024 |access-date=February 20, 2024}} The company's website also sells perfume and cologne with a stopper shaped like Trump's head.{{cite news |last=Pelling |first=Rowan |url=https://www.independent.co.uk/voices/donald-trump-fragrance-perfume-victory47-b2498669.html |title=Who'd pay $99 to smell like Donald Trump? Eau d'Insurrection, anyone...? |work=The Independent |date=February 19, 2024 |access-date=February 20, 2024}}

:Two days after the assassination attempt on Trump on July 13, 2024, 45Footware LLC began offering a limited edition of 5,000 pairs of sneakers for $299 a pair. The high-tops featured an image of Trump with streaks of blood on his face and the words "fight fight fight" written in capital letters underneath the image.{{cite web |url=https://gettrumpsneakers.com/ |title=Trump Sneakers |archive-url=https://web.archive.org/web/20240715093002/https://gettrumpsneakers.com/ |archive-date=July 15, 2024 |access-date=July 19, 2024}}{{cite news |last=LaFraniere |first=Sharon |url=https://www.nytimes.com/2024/07/17/us/politics/trump-sneakers-assassination-attempt.html |title=A Fist Pump and a Flag: Trump Sneakers for Sale |work=The New York Times |date=July 17, 2024 |access-date=July 19, 2024}}{{cite news |last=Pengelly |first=Martin |url=https://www.theguardian.com/us-news/article/2024/jul/18/donald-trump-sneakers-assassination-attempt |title=Donald Trump offers supporters $299 assassination attempt-themed sneakers |work=The Guardian |date=July 18, 2024 |access-date=July 19, 2024}}

• Official Trump Watch Collection. On September 26, 2024, a website operated by TheBestWatchesonEarth LLC began selling four models from the $499 basic model to the $100,000 "Trump Victory Tourbillon" gold and diamond-encrusted watch under a paid license agreement with Trump.{{cite news |last=Kinnard |first=Meg |url=https://www.washingtonpost.com/politics/2024/09/26/trump-election-campaign-watches/6abb1a3c-7c48-11ef-980d-341a84fdff8f_story.html |title=Trump launches a new business venture during his campaign: $100,000 watches |work=The Washington Post |date=September 26, 2024 |access-date=September 27, 2024}}{{cite news |last=Lazarus |first=Lily Mae |url=https://www.thedailybeast.com/donald-trump-hawks-new-dollar100k-watches |title=Trump Watches Hit the Market for Astronomical Price |work=The Daily Beast |date=September 26, 2024 |access-date=September 27, 2024}} The company's owners are unknown. Its business address is a virtual office registered two months earlier by its registered agent, a lawyer in Sheridan, Wyoming.{{cite news|last1=Contorno |first1=Steve |last2=Glover |first2=Scott |url=https://edition.cnn.com/2024/10/17/politics/trump-watches-wyoming-invs/index.html |title=CNN tried to find the makers of Trump's new 'Swiss-made' watches. We ended up at a shopping center in Wyoming |work=CNN |date=October 17, 2024 |access-date=October 18, 2024}}
• $TRUMP and $MELANIA cryptocurrency tokens ("meme coins"), launched on January 18, 2025, and sold on a website operated by Fight Fight Fight LLC, a company owned by Trump Organization affiliate CIC Digital LLC and Celebration Cards LLC. The website says that the tokens are not intended to be an investment or security.{{cite news |last=Lipton |first=Eric |url=https://www.nytimes.com/2025/01/18/us/politics/trump-meme-coin-crypto.html |title=Trump Begins Selling New Crypto Token, Raising Ethical Concerns |work=The New York Times |date=January 18, 2025 |access-date=January 20, 2025}}{{cite news |last1=Wee |first1=Rae |last2=Howcroft |first2=Elizabeth |url=https://www.reuters.com/technology/trumps-new-crypto-token-jumps-ahead-his-inauguration-2025-01-20/ |title=Trump's crypto token tops $10 billion market cap, bitcoin hits record high |work=Reuters |date=January 20, 2025 |access-date=January 20, 2025}}{{cite news |last=Suderman |first=Alan |url=https://apnews.com/article/trump-crypto-meme-coin-token-75bf67ef9e6e54bf455f2f9f03470be3 |title=Trump promotes new meme coin before taking office on pro-crypto agenda |work=AP News |date=January 19, 2025}}

In 2005, Trump reportedly received $1.5 million for a one-hour lecture at The Learning Annex Real Estate World Expo, with another seven events scheduled for a total fee of $12 million.{{cite news|work= Daily News|location= New York |url= http://www.nydailynews.com/archives/news/2005/10/23/2005-10-23_that_s_rich__the_donald_cash.html |title= That's rich! The Donald cash advice costs 1.5m |access-date= July 4, 2008 |date= October 23, 2005 |url-status= dead |archive-url= https://web.archive.org/web/20081029065351/http://www.nydailynews.com/archives/news/2005/10/23/2005-10-23_that_s_rich__the_donald_cash.html |archive-date= October 29, 2008 }} In a court deposition two years later, Trump admitted that he was paid $400,000.{{cite news |last1=Kaczynski |first1=Andrew |last2=Massie |first2=Christopher |url=https://www.buzzfeednews.com/article/andrewkaczynski/the-art-of-the-spiel |title=That Time Trump Said He Had World's Highest Speaking Fee And Everybody Went With It |work=BuzzFeed News |date=August 11, 2012 |access-date=July 3, 2021 |archive-date=May 24, 2021 |archive-url=https://web.archive.org/web/20210524152803/https://www.buzzfeednews.com/article/andrewkaczynski/the-art-of-the-spiel |url-status=live }}{{cite news |last1=Fahrenthold |first1=David A. |last2=O'Harrow, Jr. |first2=Robert |url=https://www.washingtonpost.com/graphics/politics/2016-election/trump-lies/ |title=Trump: A true story |newspaper=The Washington Post |date=August 10, 2016 |access-date=July 3, 2021 |archive-date=August 20, 2018 |archive-url=https://web.archive.org/web/20180820193828/https://www.washingtonpost.com/graphics/politics/2016-election/trump-lies/ |url-status=live }}

The Trump Organization also housed ventures started by Donald Trump's daughter Ivanka, including 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); the ventures were discontinued in 2017 and 2018, respectively.{{cite news |last=Bennett |first=Kate |url=https://edition.cnn.com/2017/03/14/politics/ivanka-trump-jewelry/index.html |title=Ivanka Trump brand will shut down jewelry line |work=CNN |date=March 15, 2017 |access-date=November 27, 2021 |archive-date=November 5, 2021 |archive-url=https://web.archive.org/web/20211105164142/https://edition.cnn.com/2017/03/14/politics/ivanka-trump-jewelry/index.html |url-status=live }}{{cite news |last=Bryant |first=Kenzie |url=https://www.vanityfair.com/style/2018/07/ivanka-trump-lifestyle-brand-eulogy |title=What Really Killed Ivanka Trump, Lifestyle Brand? |work=Vanity Fair |date=July 24, 2018 |access-date=November 27, 2021 |archive-date=December 5, 2020 |archive-url=https://web.archive.org/web/20201205223601/https://www.vanityfair.com/style/2018/07/ivanka-trump-lifestyle-brand-eulogy |url-status=live }}{{cite web |url=http://www.trump.com/Merchandise/Ivanka_Jewelry.asp |archive-url=https://web.archive.org/web/20081224151452/http://www.trump.com/Merchandise/Ivanka_Jewelry.asp |url-status=dead |archive-date=December 24, 2008 |title=Ivanka Trump Collections |access-date=June 28, 2014 |website=trump.com/Merchandise/Ivanka_Jewelry.asp}}

In March 2024, Trump began promoting the $60 "God Bless the U.S.A. Bible", which features a King James translation of the Bible; the U.S. Constitution, Bill of Rights, Declaration of Independence, and Pledge of Allegiance; as well as the handwritten chorus of the Lee Greenwood song God Bless the U.S.A.. The website selling the Bible bills it as "the only Bible endorsed by" Trump and that his "name, likeness and image" are being used under a license agreement with one of Trump's organizations, CIC Ventures LLC.{{cite news |last1=Gold |first1=Michael |last2=Haberman |first2=Maggie | url=https://www.nytimes.com/2024/03/26/us/politics/trump-bible.html |title=Trump's Newest Venture? A $60 Bible. |work=The New York Times |date=March 26, 2024 |access-date=March 28, 2024}}{{cite news |last=Colvin |first=Jill |url=https://apnews.com/article/trump-god-bless-usa-bible-greenwood-2713fda3efdfa297d0f024efb1ca3003 |title=Trump is selling 'God Bless the USA' Bibles for $59.99 as he faces mounting legal bills|work=Associated Press |date=March 26, 2024 |access-date=March 28, 2024}} Copies handsigned by Trump are available for $1,000.{{cite news |last1=Lardner |first1=Richard |last2=Kang |first2=Dake |url=https://apnews.com/article/trump-god-bless-usa-bible-china-32a80611605d4052d8238064bbcace4c |title=Trump has long blasted China's trade practices. His 'God Bless the USA' Bibles were printed there |work=Associated Press |date=October 9, 2024 |access-date=October 10, 2024}} After the July 2024 attempt on Trump's life, Trump's name and the phrase "The Day God Intervened" was added to the cover of a version of the book. In October 2024, the Associated Press reported that in February and March 2024 close to 120,000 of the Bibles had been shipped from a Chinese company in Hangzhou. The paperwork filed with customs authorities showed an estimated value of under $3 per Bible. In financial disclosures filed with the Federal Election Commission in August 2024, Trump reported that sale of the Bibles had earned him $300,000.{{cite news |last1=Tolan |first1=Casey |last2=Wright |first2=David |last3=Contorno |first3=Steve |last4=Schouten |first4=Fredreka |last5=Herb |first5=Jeremy |url=https://edition.cnn.com/2024/08/15/politics/financial-disclosure-trump-2024/index.html |title=Trump's financial disclosure shows millions made from licensing deals but costly civil judgments |work=CNN |date=August 15, 2024 |access-date=October 10, 2024}}

{{see also|Doe et al. v. Trump Corp. et al.}}

From 2005 to 2015, Trump was paid $8.8 million for promoting multi-level marketing telecommunications company ACN Inc. and its products on ACN's website,{{cite web|title=Donald J. Trump on ACN's Home Based Business |url=http://acninc.com/acn/us/trump_events.html |archive-url=https://web.archive.org/web/20110303071345/http://www.acninc.com/acn/us/trump_events.html |url-status=dead |archive-date=March 3, 2011 |access-date=July 20, 2012 |website=acninc.com}} promotional DVDs and at their events, and on his The Apprentice reality-TV show.{{cite news |last=Voytko |first=Lisette |url=https://www.nytimes.com/interactive/2020/09/28/us/donald-trump-taxes-apprentice.html |title=Trump's Biggest Side Hustle Outside Of 'Apprentice'? Multi-Level Marketing Schemes |work=Forbes |date=September 29, 2020 |access-date=July 3, 2021 |archive-date=October 1, 2020 |archive-url=https://web.archive.org/web/20201001172923/https://www.nytimes.com/interactive/2020/09/28/us/donald-trump-taxes-apprentice.html |url-status=live }}{{cite news |last1=McIntire |first1=Mike |last2=Buettner |first2=Russ |last3=Craig |first3=Susanne |author-link2=Susanne Craig |url=https://www.nytimes.com/interactive/2020/09/27/us/donald-trump-taxes.html |title=Reality-TV Fame Handed Trump a $427 Million Lifeline |work=The New York Times |date=September 28, 2020 |access-date=July 3, 2021 |archive-date=September 27, 2020 |archive-url=https://web.archive.org/web/20200927211558/https://www.nytimes.com/interactive/2020/09/27/us/donald-trump-taxes.html |url-status=live }}

In 2018, four investors filed a federal civil lawsuit in the Southern District of New York against Donald Trump and his children Donald Jr., Ivanka, and Eric for fraud and racketeering. In July 2019, a district judge permitted the lawsuit to proceed with state-level claims of fraud, false advertising, and unfair competition.{{cite web |url=https://www.courtlistener.com/docket/8096633/doe-v-the-trump-corporation/ |title=Docket for Doe v. The Trump Corporation, 1:18-cv-09936 |website=CourtListener.com |date=2019-05-09 |access-date=2019-10-08 |archive-date=November 27, 2021 |archive-url=https://web.archive.org/web/20211127172737/https://www.courtlistener.com/docket/8096633/doe-v-the-trump-corporation/ |url-status=live }}{{cite web |url=https://www.courtlistener.com/recap/gov.uscourts.nysd.503637/gov.uscourts.nysd.503637.1.0.pdf |title=Complaint (final for filing) 4818-9714-0089 v.1 – gov.uscourts.nysd.503637.1.0 – Case 1:18-cv-09936 – Document 1 |website=CourtListener.com |date=2018-10-29 |access-date=2019-10-08 |archive-date=March 15, 2021 |archive-url=https://web.archive.org/web/20210315231431/https://www.courtlistener.com/recap/gov.uscourts.nysd.503637/gov.uscourts.nysd.503637.1.0.pdf |url-status=live }}{{cite news |last=Stempel |first=Jonathan |title=Trump must face marketing scam lawsuit, escapes racketeering claims: NY judge |url=https://www.reuters.com/article/us-usa-trump-marketing-lawsuit/trump-must-face-marketing-scam-lawsuit-escapes-racketeering-claims-ny-judge-idUSKCN1UJ349 |date=2019-07-24 |access-date=2019-10-08 |work=Reuters |archive-date=July 26, 2019 |archive-url=https://web.archive.org/web/20190726062428/https://www.reuters.com/article/us-usa-trump-marketing-lawsuit/trump-must-face-marketing-scam-lawsuit-escapes-racketeering-claims-ny-judge-idUSKCN1UJ349 |url-status=live }} The Trumps were accused of not having disclosed that they were being paid by ACN when they recommended the company as a sound investment. As part of the discovery process, the Trumps were ordered in March 2020 to provide information from Trump Organization business records back to 2005.{{cite news |last=Jacobs |first=Shayna |title=Trump ordered to expand document search in suit alleging he endorsed pyramid scam |url=https://www.washingtonpost.com/national-security/trump-ordered-to-expand-document-search-in-suit-alleging-he-endorsed-pyramid-scam/2020/03/14/c903fa0e-6579-11ea-acca-80c22bbee96f_story.html |date=March 14, 2020 |access-date=March 14, 2020 |newspaper=The Washington Post |archive-date=March 15, 2020 |archive-url=https://web.archive.org/web/20200315053058/https://www.washingtonpost.com/national-security/trump-ordered-to-expand-document-search-in-suit-alleging-he-endorsed-pyramid-scam/2020/03/14/c903fa0e-6579-11ea-acca-80c22bbee96f_story.html |url-status=live }}

In April 2020, a federal judge ordered MGM, the majority owner of Celebrity Apprentice, to release unaired tapes of two episodes of the show to the attorneys of plaintiffs who accused the four Trumps of misleading them to invest in ACN; in the episodes, celebrity contestants competed to produce commercials for an ACN product. The Trumps appealed the ruling and unsuccessfully sought to deal with the dispute via arbitration.{{cite news |last=Chan |first=J. Clara |url=https://www.thewrap.com/mgm-must-hand-over-unaired-celebrity-apprentice-trump-tapes-judge-rules/ |title=MGM Must Hand Over Unaired 'Celebrity Apprentice' Trump Tapes, Judge Rules |work=TheWrap |date=April 9, 2020 |access-date=November 27, 2021 |archive-date=October 11, 2021 |archive-url=https://web.archive.org/web/20211011134003/https://www.thewrap.com/mgm-must-hand-over-unaired-celebrity-apprentice-trump-tapes-judge-rules/ |url-status=live }} In November 2021, a federal judge ordered MGM to make the tapes available to the plaintiffs' attorneys at a secure location.{{cite news |last=Paglieri |first=Jose |url=https://www.thedailybeast.com/angry-entrepreneurs-will-finally-see-trumps-apprentice-outtakes |title=Angry Entrepreneurs Will Finally See Trump's 'Apprentice' Outtakes |work=The Daily Beast |date=November 25, 2021 |access-date=November 27, 2021 |archive-date=November 26, 2021 |archive-url=https://web.archive.org/web/20211126145109/https://www.thedailybeast.com/angry-entrepreneurs-will-finally-see-trumps-apprentice-outtakes |url-status=live }}

Trump and his children were deposed in 2022.{{cite news |last=Scannell |first=Kara |url=https://edition.cnn.com/2022/03/25/politics/donald-trump-children-deposition-lawsuit/index.html |title=Donald Trump and his children agree to be deposed in fraudulent marketing lawsuit |work=CNN |date=March 25, 2022 |access-date=August 8, 2023}}{{cite news |last=Larson |first=Eric |url=https://www.pressherald.com/2022/10/20/trump-deposed-in-suit-by-investors-claiming-fraud-in-apprentice-videophone-pitches/ |title=Trump deposed in suit by investors claiming fraud in 'Apprentice' videophone pitches |work=Bloomberg News |via=Portland Press Herald |date=March 25, 2022 |access-date=August 8, 2023}} In May 2023, the plaintiffs withdrew their claims against the children in order to "streamline the dispute ahead of a trial".{{cite news |last=Larson |first=Eric |url=https://www.bnnbloomberg.ca/trump-children-dropped-from-suit-over-apprentice-pitches-1.1922734 |title=Trump Children Dropped From Suit Over 'Apprentice' Pitches |work=Bloomberg News |via=BNN Bloomberg |date=June 15, 2023 |archive-url=https://web.archive.org/web/20230525224830/https://www.bnnbloomberg.ca/trump-children-dropped-from-suit-over-apprentice-pitches-1.1922734 |archive-date=May 25, 2023 |access-date=August 8, 2023}} The trial is scheduled for January 29, 2024.{{cite news |last=Orden |first=Erica |url=https://www.politico.com/news/2023/06/15/trump-trial-date-carroll-lawsuit-00102328 |title=Trump now faces four trials over six-month span during critical phase of 2024 campaign |work=Politico |date=June 15, 2023 |access-date=August 8, 2023}}

Trump registered a new company, Trump Media & Technology Group (TMTG), in February 2021 for the purpose of providing "social networking services" to "customers in the United States".{{cite news|last=Lyons|first=Kim|url=https://www.theverge.com/2021/12/6/22820389/sec-trump-spac-deal-investigation-truth-social-media-platform-public|title=SEC investigating Trump SPAC deal to take his social media platform public|work=The Verge|date=December 6, 2021 |access-date=December 30, 2021}}{{cite web|url=https://www.bloomberg.com/profile/company/1934403D:US|title=Trump Media & Technology Group Corp|work=Bloomberg |access-date=December 30, 2021}} It launched the social media platform Truth Social in 2022.{{Cite news |last=Pesce |first=Nicole Lyn |url=https://www.marketwatch.com/story/two-truth-social-execs-quit-as-trumps-social-media-app-struggles-to-take-off-report-11649090306 |title=Two Truth Social execs quit as Trump's social media app struggles to take off: report |work=MarketWatch |date=April 4, 2022 |access-date=April 5, 2023}}

In October 2021, Trump announced the planned merger of TMTG with Digital World Acquisition,{{cite news|last1=Goldstein|first1=Matthew|last2=Hirsch|first2=Lauren|last3=Enrich|first3=David|url=https://www.nytimes.com/2021/10/29/business/trump-spac-digital-world.html|title=Trump's $300 Million SPAC Deal May Have Skirted Securities Laws|work=The New York Times|date=October 6, 2021 |access-date=December 30, 2021}} a special-purpose acquisition company (SPAC). A main backer of the SPAC is China-based financier ARC Group, who was reportedly involved in setting up the proposed merger. The Shanghai-based ARC offered $2 million to get Digital World Acquisition off the ground.{{Cite news |last1=Wang |first1=Echo |last2=Berens |first2=Michael |date=February 10, 2022 |title=How a Trump deal got a boost from a China-based financier |work=Reuters |url=https://www.reuters.com/business/how-china-based-dealmaker-got-shell-company-trumps-deal-off-ground-2022-02-10/ |access-date=April 5, 2023}} The transaction is under investigation by the U.S. Securities and Exchange Commission.{{cite news|last1=Goldstein|first1=Matthew|last2=Enrich|first2=David|last3=Schwirtz|first3=Michael|url=https://www.nytimes.com/2021/12/06/business/trump-spac-sec-arc.html|title=Trump's Media Company Is Investigated Over Financing Deal|work=The New York Times|date=December 6, 2021 |access-date=December 30, 2021}}{{cite news|last1=Macmillan|first1=Douglas|last2=O'Connell|first2=Jonathan|url=https://www.washingtonpost.com/business/2021/12/23/trump-spac-deal-sec/|title=Trump's newest business partner: A Chinese firm with a history of SEC investigations|newspaper=The Washington Post|date=December 23, 2021 |access-date=December 30, 2021}}

The CEO of Digital World Acquisition, hired from Wuhan-based operation Yunhong Holdings,{{Cite web |last=Feng |first=John |date=2021-10-22 |title=How Donald Trump's Truth Social is connected to China |url=https://www.newsweek.com/donald-trump-truth-social-connected-china-1641496 |access-date=2022-08-03 |website=Newsweek}}{{Cite magazine |title=Meet the Obscure Financier Behind Donald Trump's Media Company |url=https://time.com/6109356/trump-social-media-financier/ |url-status=live |magazine=Time |language=en |archive-url=https://web.archive.org/web/20220703031504/https://time.com/6109356/trump-social-media-financier/ |archive-date=July 3, 2022 |access-date=2022-08-03}}{{Cite news |title=Trump's new social media backer tied to China lifestyle venture |language=en |publisher=Al Jazeera |url=https://www.aljazeera.com/news/2021/10/22/trumps-new-social-media-backer-tied-to-china-lifestyle-venture |url-status=live |access-date=2022-08-03 |archive-url=https://web.archive.org/web/20220426181906/https://www.aljazeera.com/news/2021/10/22/trumps-new-social-media-backer-tied-to-china-lifestyle-venture |archive-date=April 26, 2022}} broke ties with China in December 2021.{{Cite web |last=Feng |first=John |date=2021-12-08 |title=Patrick Orlando, bankroller of Donald Trump's Truth Social, Severs China Connections |url=https://www.newsweek.com/patrick-orlando-bankroller-donald-trumps-truth-social-severs-china-connections-1657236 |access-date=2022-08-14 |website=Newsweek}} In February 2022, TMTG launched Truth Social, a Twitter-like social media platform.{{cite web|last=Goldbart|first=Max|date=February 21, 2022|title=Donald Trump's Truth Social Launches On U.S. Apple App Store|url=https://deadline.com/2022/02/donald-trumps-truth-social-launches-on-u-s-apple-app-store-1234957533/ |access-date=February 21, 2022|website=Deadline Hollywood}} As of March 2023, Trump Media, which had taken $8 million from Russia-connected entities, was being investigated by federal prosecutors for possible money laundering.{{Cite news |last=Lowell |first=Hugo |date=March 15, 2023 |title=Federal investigators examined Trump Media for possible money laundering, sources say |work=The Guardian |url=https://www.theguardian.com/us-news/2023/mar/15/trump-media-investigated-possible-money-laundering |access-date=April 5, 2023}}{{Cite web |last=Durkee |first=Alison |title=Trump's Media Company Reportedly Under Federal Investigation For Money Laundering Linked To Russia |url=https://www.forbes.com/sites/alisondurkee/2023/03/15/trumps-media-company-reportedly-under-federal-investigation-for-money-laundering-linked-to-russia/ |access-date=2023-03-15 |website=Forbes |language=en}} In March 2023, Digital World Acquisition fired its CEO in the anticipation of Trump's indictment.{{Cite web |last=Picciotto |first=Rebecca |title=Trump-linked Digital World Acquisition Corp fires CEO Patrick Orlando |url=https://www.cnbc.com/2023/03/22/trump-linked-digital-world-acquisition-corp-fires-ceo.html |access-date=2023-04-05 |website=CNBC |date=March 22, 2023 |language=en}}

{{See also|List of personal coats of arms of presidents of the United States}}

{{multiple image

| align = right

| image1 = Coat of Arms of Joseph E. Davies.svg

| caption1 = The coat of arms granted to Davies in 1939

| image2 = Coat of Arms of Trump (Davies).svg

| caption2 = The modified coat of arms used by Trump

}}

File:Coat of Arms of Donald Trump.svg

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

Joseph E. Davies, third husband of Marjorie Merriweather Post and a former U.S. ambassador of Welsh origins, was granted a coat of arms, bearing the motto Integritas, by British heraldic authorities in 1939. After Donald Trump purchased {{nowrap|Mar-a-Lago}}, the Florida estate built by Merriweather Post, in 1985, the Trump Organization started using Davies's coat of arms at Trump golf courses and estates across the country.{{cite news|last1=Hakim|first1=Danny|title=The Coat of Arms Said 'Integrity'. Now It Says 'Trump'.|newspaper=The New York Times |url=https://www.nytimes.com/2017/05/28/business/trump-coat-of-arms.html|access-date=February 14, 2018|agency=The New York Times|date=May 28, 2017|archive-url=https://web.archive.org/web/20180305223936/https://www.nytimes.com/2017/05/28/business/trump-coat-of-arms.html|archive-date=March 5, 2018|url-status=live}} It was also registered with the U.S. patent and trademark office.{{cite web|title=Trademark of Trump crest|url=https://trademarks.justia.com/759/39/trump-75939343.html|website=Justia trademarks|access-date=February 15, 2018|archive-url=https://web.archive.org/web/20180216085051/https://trademarks.justia.com/759/39/trump-75939343.html|archive-date=February 16, 2018|url-status=live}}

{{blockquote|

;Shield

Argent ermined Or, two Chevronels couped between three demi-Lions, all Or.

;Crest

A Cubit Arm erected Argent, enfiling a Mascle and holding a Spear point upward, all Or.

}}

In 2008, Trump attempted to establish the American logo at his new Trump 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. In January 2012, shortly after the inauguration of the golf course, Trump unveiled the new coat of arms{{cite news|last1=Guest|title=Donald Trump awarded Scottish coat of arms after four year battle|url=http://www.deadlinenews.co.uk/2012/01/17/donald-trump-at-last-awarded-the-scottish-coat-of-arms/|access-date=February 14, 2018|agency=Deadline|date=January 17, 2012|archive-url=https://web.archive.org/web/20180214200437/http://www.deadlinenews.co.uk/2012/01/17/donald-trump-at-last-awarded-the-scottish-coat-of-arms/|archive-date=February 14, 2018|url-status=live}} that had been granted to "The Trump International Golf Club Scotland Ltd" by the Lord Lyon in 2011.{{cite web |author=Lyon Court |url=https://twitter.com/LyonCourt/status/798120353948049408|website=Twitter|access-date=February 14, 2018|date=November 14, 2016|title=Trump International Golf Club Scotland Ltd was granted arms in 2011, replacing an assumed design they had previously used.|archive-url=https://web.archive.org/web/20190808060505/https://twitter.com/LyonCourt/status/798120353948049408|archive-date=August 8, 2019|url-status=live}}

Sarah Malone, executive vice-president of "The Trump International Golf Links, Scotland", said that "the coat of arms brings together visual elements that signify different aspects of the Trump family heritage [...], the Lion Rampant [in the crest] makes reference to Scotland and the stars to America. Three chevronels are used to denote the sky, sand dunes and sea{{snd}}the essential components of the site, and the double-[headed] Eagle represents the dual nature and nationality of Trump's heritage (Scottish and German). The Eagle clutches golf balls making reference to the great name of golf, and the motto Numquam Concedere is Latin for Never Give Up{{snd}}Trump's philosophy."

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.{{cite web|url=http://www.irishgolfdesk.com/news-files/2014/2/11/trump-confirms-doonbeg-buy-rebranded-trump-international-golf-links-ireland|title=Trump confirms Doonbeg buy – rebranded "Trump International Golf Links, Ireland"|work=irishgolfdesk.com|date=February 11, 2014 |access-date=November 19, 2016|archive-url=https://web.archive.org/web/20161119120809/http://www.irishgolfdesk.com/news-files/2014/2/11/trump-confirms-doonbeg-buy-rebranded-trump-international-golf-links-ireland|archive-date=November 19, 2016|url-status=live}}{{cite web|url=http://www.trumpgolfireland.com/Default.aspx?p=dynamicmodule&pageid=100035&ssid=100052&vnf=1|title=About the Course – Trump International Golf Club 2016 – Doonbeg|work=trumpgolfireland.com|access-date=November 19, 2016|archive-url=https://web.archive.org/web/20161119182040/http://www.trumpgolfireland.com/Default.aspx?p=dynamicmodule&pageid=100035&ssid=100052&vnf=1|archive-date=November 19, 2016|url-status=dead}}

{{blockquote|

;Shield

Party per chevron: Azure two Mullets Argent; Vert a double headed Eagle of the second, wings displayed and inverted, armed and langued Gules, holding in its talons two Globes of the second; overall three chevronels Or.{{cite web|author=Lyon Court |url=https://twitter.com/LyonCourt/status/822834036288720898|website=Twitter|access-date=15 February 2017|date=21 January 2017|title=We granted these arms to Trump International Golf Course Scotland Ltd in 2012. Here is the colour version: ...|archive-url=https://web.archive.org/web/20190818215802/https://twitter.com/LyonCourt/status/822834036288720898|archive-date=August 18, 2019|url-status=live}}

;Crest

A demi-Lion rampant Gules, armed and langued Azure, holding in the paws a Pennon Or flowing to the sinister.

;Battle cry

"Numquam concedere" (Latin for "Never Give Up").

}}

• Timeline of investigations into Donald Trump and Russia

{{notelist}}

{{reflist}}

• {{cite book|first=Wayne|last=Barrett|author-link=Wayne Barrett|title=Trump: The Greatest Show on Earth: The Deals, the Downfall, the Reinvention|publisher=Simon & Schuster|location=New York|year=2016|orig-date=1st pub. 1992|url=https://books.google.com/books?id=ZQ_9CwAAQBAJ|isbn=978-1942872979}}
• {{cite book|first1=Donald|last1=Trump|author-link1=Donald Trump|first2=Tony|last2=Schwartz|title=The Art of the Deal|year=1987|publisher=Random House|location=New York|url=https://books.google.com/books?id=Ye6e_VxM00kC|isbn=978-0-345-47917-4}}

• Frank, Thomas (January 12, 2018). [https://www.buzzfeed.com/thomasfrank/secret-money-how-trump-made-millions-selling-condos-to "Secret Money: How Trump Made Millions Selling Condos to Unknown Buyers"]. BuzzFeed News.

{{commons category}}

• {{official website}}

{{Trump businesses}}

{{Hotel chains}}

{{authority control}}

{{DEFAULTSORT:Trump Organization}}

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