Elizabeth Trump & Son
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Trump Tower, headquarters of the Trump Organization
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| Privately-held company | |
| Industry | Conglomerate |
| Founded | 1923 (as Elizabeth Trump & Son) |
| Founders | Elizabeth and Fred Trump |
| Headquarters | Trump Tower, New York City |
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Area served
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Worldwide |
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Key people
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Owner: Donald Trump Trustees: Donald Trump Jr. Eric Trump Allen Weisselberg (CFO) Executives: Matthew F. Calamari (COO) |
| Services | |
| Revenue | US$9.5 billion (2016) |
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Number of employees
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22,450 |
| Website | www |
The Trump Organization is an American privately owned international conglomerate based in Trump Tower in Midtown Manhattan, New York City. It serves as the holding company for all of the business ventures of the current President of the United States, Donald Trump.
The company was founded in 1923 by Trump's grandmother and father as Elizabeth Trump & Son. From 1971 to 2017, Trump ran the company as chairman and president. After being elected U.S. president, Trump announced that his two oldest sons Donald Trump Jr. and Eric Trump (both longtime company executive vice presidents), along with longtime CFO Allen Weisselberg, 69, have taken over the management of the company, serving as trustees for the duration of Trump's presidency. Although he is no longer involved with its day-to-day management, the company remains under Trump's ownership. Daughter Ivanka Trump is also, in March 2017, listed as an executive vice president of the "next generation" management of the organization.
The Trump Organization has interests in real estate development, investing, brokerage, sales and marketing, and property management. The company owns, operates, invests, and develops residential real estate, hotels, resorts, residential towers, and golf courses in different countries, as well as owning several hundred thousand square feet (several hectares) of prime Manhattan real estate. It lists involvement in 515 subsidiaries and entities with 264 of them bearing Trump's name and another 54 including his initials.
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Wikipedia