January 11, 2019

Trump made $35 million out of real estate in 2018

Daily Beast -President Trump made $35 million selling real estate in 2018, according to a report from Forbes. Although the day-to-day operations of the Trump Organization have been delegated to two of his sons, Eric and Don Jr., the president continues to own the business, allowing him to collect payments when properties are sold. Over half of that windfall came from a single sale in Brooklyn, Forbes notes, when Trump and associates sold a federally subsidized housing complex in Brooklyn for an estimated $900 million. Forbes estimates Trump pocketed about $20 million from that deal. H

No comments: