Don Jr. And Eric Have Sold More Than $100M Of Trump’s Real Estate
After Donald Trump became president, he handed day-to-day control of the Trump Organization to his sons, Donald Trump Jr. And Eric Trump, with the promise that the company would halt foreign deals while he led the country.
While it appears the president’s sons have done little investing during Trump’s time in office, they have quietly been selling off their father’s real estate holdings, Forbes reported this week — to the tune of $110 million.
In the most blatant violation of Trump’s vow to cease doing foreign deals while president, his sons sold land in the Dominican Republic for $3.2 million in 2018.
The pair have also “done business with wannabe influencers who seemingly recognized an opportunity to line the president’s pockets,” Forbes reported, noting the Trump mansion they sold in Beverly Hills for $13.5 million to Indonesian billionaire and Trump business partner Hary Tanoesoedibjo.
Don Jr. and Eric also offloaded a Manhattan penthouse in 2017, formerly the residence of Jared Kushner and Ivanka Trump, to Angela Chen — a woman who “runs a business peddling access to Chinese officials and allegedly has ties to Chinese military intelligence.”
Another deal the Trump sons struck while their father sat behind the Oval Office desk involved a member of Trump’s own Cabinet: Secretary of Housing and Urban Development Ben Carson.
Carson had to give approval for a deal involving the Trumps’ “roughly $900 million sale of Spring Creek Towers, America’s largest federally subsidized housing complex” — which Forbes noted put about $33 million straight into the president’s pocket.