Today Forbes reports that the Trump sons have sold $110 million of real estate since inauguration day, mostly in relatively small transactions that have escaped much notice.
In the Dominican Republic, the younger Trumps sold a piece of land in January 2018 for $3.2 million. It was the clearest violation of their father’s pledge to do no new foreign deals while in office. (The Trump Organization would not comment for this story.) In other cases, they’ve done business with wannabe influencers who seemingly recognized an opportunity to line the president’s pockets. They sold Trump’s mansion in Beverly Hills for $13.5 million to a company tied to Indonesian billionaire (and Trump business partner) Hary Tanoesoedibjo. They off-loaded a Manhattan penthouse to a woman who runs a business selling access to Chinese officials.
Other deals wouldn’t turn heads if the seller were anyone but the president of the United States. With Trump in the Oval Office, however, things can get strange. Take the roughly $900 million sale of Spring Creek Towers, America’s largest federally subsidized housing complex. Trump owned a 4% stake, a remnant of his father’s outer-borough empire. Secretary of Housing & Urban Development Ben Carson had to give his approval to make the deal happen, according to property records. That put Trump’s subordinate in the awkward position of having to green-light a transaction that paid his boss an estimated $33 million.
Hit the link for much more, including a graphic on the various properties that have been sold.