The Trump Organization is an American conglomerate. Privately owned by Donald Trump , it serves as the holding company for most of Trump's business ventures and investments , with around of its affiliates and subsidiaries using the Trump name. The Trump Organization, through its various constituent companies and partnerships, has or has had interests in real estate development, investing, brokerage, sales and marketing, and property management.
Trump Organization entities own, operate, invest in , and develop hotels, residential real estate , resorts , residential towers , and golf courses in various countries. Since the financial statements of the Trump Organization's holdings and Donald Trump's personal tax returns are both private, its true value is not publicly known, though a wide range of estimates have been made.
Trump has publicly released little definitive financial documentation to confirm his valuation claims. By , the Trump Organization was being scrutinized by New York investigators for possible financial fraud. In July , New York prosecutors charged the organization with 10 counts in an alleged year tax avoidance scheme. In November, The Washington Post reported that between and the organization presented several properties as being worth far more to potential lenders than to tax officials.
In August , the organization's chief financial officer, Allen Weisselberg , pleaded guilty to committing more than a dozen felonies, including criminal tax fraud and grand larceny. A separate criminal case by the Manhattan district attorney was brought to trial in October; on December 6, the organization was convicted on 17 criminal charges. In September , the judge presiding over the civil suit ruled that Trump, his adult sons and the organization repeatedly committed fraud and ordered their New York business certificates canceled and their business entities sent into receivership for dissolution in what has been described by observers as a " corporate death penalty ".
Frederick began developing real estate there. Elizabeth carried on in the real estate business after her husband's death. She had contractors build houses on the empty lots Frederick had owned, sold the houses, and earned income off the mortgages she provided to buyers. Her middle child, Donald Trump's father Fred Trump , entered the carpentry trade after graduating high school in In , with Fred at the helm, the company began developing pricier houses in nearby Jamaica Estates.
