The Trump Organization sees fortunes fall
Last edited Fri Dec 15, 2017, 05:32 PM - Edit history (1)
Note: the original date of publication was November 15, but there's an important update as of today. Namely, "Last years $9.5 billion in revenue reported by the organization looks preposterous in light of federal filings made by the president in the past year. Those indicate the Trump Organization generates between $600 million and $700 million in annual revenue. Neither Graff nor a Trump Organization spokeswoman responded to requests for comment about the discrepancy."
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Holy crow. Just noticed this from @CrainsNewYork:
--For 2016, @realdonaldtrump's biz told Crain's it had $9.5 billion in revenue.
--But later, Trump's official disclosures gave the actual number: $600M-$700M.
--That's only *1/13th* of what it claimed.
Link to tweet
NEWS › REAL ESTATE
November 15, 2017 5:00 a.m. Updated 12/15/2017
The Trump Organization sees fortunes fall
Why the firm saw itself drop on our list of the largest privately held companies
Aaron Elstein By Aaron Elstein
....
Trump brand losing value
It seems unlikely that the Trump name will appear on any new condominiums soon, because the market for Trump-branded apartments in the city is cooling fast.
There's been a ton of luxury development in New York. Regardless of what people think of Trump, the question is: do we need more?
The average price per square foot for a Trump Tower apartment has fallen by 23% since 2015, according to The Wall Street Journal, while prices have held steady at other Midtown towers, excluding new developments. At the Trump International Hotel and Tower on Central Park West, the average price per square foot is down 24%. A spokeswoman, though, told the Journal that the Trump Organization is incredibly proud of the overall performance that Trump properties continue to achieve.
In addition to grappling with a crowded hotel and condo market and hostile political atmosphere here, several Trump Organization leaders are dealing with federal investigations. Executive Vice President Donald Trump Jr., who runs the family business with brother Eric, has been questioned by Congress over Russian interference in last years election. ... Michael Cohen, a top Trump Organization lawyer, also was called to appear before Senate investigators about the Russia matter. Special prosecutor Robert Mueller reportedly wants to interview Rhona Graff, a Trump Organization senior vice president and the presidents longtime personal assistant.
Graff was the executive who typically reported Trump Organization revenue figures to Crains, which relies on companies to self-report for the list. Last years $9.5 billion in revenue reported by the organization looks preposterous in light of federal filings made by the president in the past year. Those indicate the Trump Organization generates between $600 million and $700 million in annual revenue. Neither Graff nor a Trump Organization spokeswoman responded to requests for comment about the discrepancy.
Daniel Geiger contributed to this article.
A version of this article appears in the November 13, 2017, print issue of Crain's New York Business.
= new reply since forum marked as read
insatiable ego? Just another lie in a life full of lies, by the lyingest liar that ever lived a lie. What a disgusting piece of crap he is. No wonder he wanted the "DEATH TAX" gone. Otherwise his pitiful progeny would have nothing to inherit.......like that would be such a shame. 
If the little assholes had to do an honest day's work, just once in their miserable lives, they'd probably never recover.
