tower headquarters of the trump organization type privately held company industry conglomerate founded 1923 ; 93 years ago 1923 as elizabeth trump & son 1 founders elizabeth and fred trump headquarters trump tower new york city area served worldwide key people donald trump chairman & president donald trump jr. evp ivanka trump evp eric trump evp michael d. cohen evp 2 jason greenblatt evp 3 allen weisselberg cfo matthew f. calamari coo 4 services construction real estate development entertainment & hospitality retailing & online shopping diversified investments owner donald trump 100 % website trump.com this article is part of a series about donald trump business career political positions campaign for the presidency 2016 primaries primary endorsements general election endorsements republican party opposition trump campaign protests stop trump movement access hollywood controversy sexual misconduct allegations the trump organization see businesses trump entertainment resorts trump university trump model management trump fragrances legal affairs trump foundation eponyms campaign for the presidency 2000 books trump the art of the deal crippled america the apprentice the celebrity apprentice v t e the trump organization formerly elizabeth trump & son is an american privately owned international conglomerate based in trump tower in midtown manhattan new york city . it comprises donald trump s business ventures and investments . trump serves as chairman and president 5 with his three eldest children donald trump jr. ivanka trump and eric trump serving as executive vice presidents . 6 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 . 12 with investments within the united states and globally the trump organization spans a wide variety of industries including real estate construction hospitality entertainment book and magazine publishing media model management retail financial services board game development food and beverages business education online travel airlines helicopter air services and beauty pageants . 7 13 it owns a new york television production company that produces television programs including the reality television program the apprentice . 14 the company also engages in retailing having at various times sold fashion apparel jewelry and accessories books home furnishings lighting products bath textiles and accessories bedding home fragrance products small leather goods barware steaks chocolate bars and bottled spring water . 15 the trump organization has divested a number of properties that continue to bear the trump name even though trump no longer owns them . for example in february 2016 it sold its stake in trump entertainment resorts which owns the trump taj mahal the trump plaza and the trump marina casinos in atlantic city new jersey . 16 contents 1 organization 2 history 2.1 founding and early history 2.2 leadership under donald trump 3 real estate holdings 3.1 selected completed properties 3.2 carousel 3.3 skating rink 3.4 trump winery 3.5 golf courses 3.5.1 united states 3.5.2 international 3.5.2.1 scotland 3.5.2.2 dubai 3.6 real estate licensing 4 financial market holdings 5 other ventures and investments 6 controversy 7 references 8 external links organization edit the trump organization is the collective name of approximately 500 business entities of which donald trump is the sole or principal owner . 17 donald trump serves as chairman and president . his three adult children and three unrelated employees serve as key executives . 18 history edit founding and early history edit an early logotype of the trump organization as it appeared in 1976 correspondence from donald trump to the penn central transportation company . elizabeth christ trump grandmother of donald trump founded elizabeth trump & son in 1923 with her son fred trump who was 18 at the time . 19 20 21 elizabeth and her husband frederick trump had moved to the borough of queens in 1906 where her husband began developing real estate . in 1918 however he died of influenza leaving an estate valued at 31 359 492 016 in 2016 dollars 22 elizabeth had a remarkable talent 19 for keeping the real estate business going after her husband s death . she had a local contractor build houses on an empty piece of property they owned sold the houses and lived off the mortgage and rental proceeds paid by the new owners . her vision was to have her three children continue the family business when they finished school but her middle son fred wanted to start earlier . she founded the company elizabeth trump & son to give him his start . since he was under age she signed all legal documents . fred eventually became a successful real estate developer himself but elizabeth would remain involved throughout her life . even in her 70s she would collect coins from the laundromats in the trump buildings . 19 leadership under donald trump edit donald trump worked for elizabeth trump & son while attending the university of pennsylvania and in 1968 officially joined the company . 23 he was given control of the company in 1971 and in one of his first acts renamed the company the trump organization . 24 25 real estate holdings edit as of 2015 it is estimated that trump s real estate holdings were worth about us 3.5 billion with a value of commercial properties totaled at us 1.3 billion his residential properties at us 410 million and his club facilities at us 866 million and an additional us 940 million for properties he has less than 100 percent stake in . 26 trump s real estate holdings form the core of his assets and provide much of his income with a wide array of real estate licensing branding and marketing deals and royalties that provide millions in annual cash flow . 27 28 29 in 2015 trump earned 71 million from condo sales and collects 41.9 million in rental income on his buildings annually . 30 selected completed properties edit trump world tower at united nations plaza trump international hotel and tower new york city at columbus circle trump tower 725 fifth avenue midtown manhattan a 58 story mixed use tower 31 the headquarters of the trump organization now 100 percent leased was developed by a business partnership between the trump organization and the equitable life assurance society of the united states in 1983 . trump retains full control of the commercial and retail components of the tower . 32 in 2006 it was valued at 318 million less a 30 million mortgage . 33 the total value of trump tower s commercial and retail spaces is 460 million . the building was refinanced for 100 million in august 2012 allowing trump to take a cash distribution of over 73 million . 34 personal residence trump tower top 3 floors of trump tower with approximately 30 000 square feet 3 000 m of space ; the triplex penthouse is decorated in diamond 24 carat gold and marble and features an interior fountain and a massive italianate style painting on the ceilings . 32 worth as much as 50 million it is one of the most valuable apartments in new york city . 35 trump world tower 845 united nations plaza also in midtown manhattan in 2006 forbes estimated 290 million in profits and unrealized appreciation going to trump . 33 axa financial center 1290 avenue of the americas new york city and 555 california street in san francisco when trump was forced to sell a stake in the railyards on manhattan s west side the asian group to which he sold then sold much of the site for 1.76 billion . trump owns a 30 percent stake in both 1290 sixth avenue and 555 california street . a 43 story trophy office tower 1290 sixth is worth as much as 1.5 billion . 32 trump s stake is estimated to be 450 million . 32 trump s interest in 555 california street is worth 400 million . 32 the trump building at 40 wall street trump bought and renovated this building for 1 million in 1995 . the pre tax net operating income at the building as of 2011 was us 20.89 million and is valued at 350 to 400 million according to the new york department of finance . trump took out a 160 million mortgage attached to the property with an interest rate of 5.71 percent to use for other investments . 32 forbes valued the property at 260 million in 2006 . 33 trump entertainment resorts this company now owned by billionaire carl icahn owns two trump branded casino resorts only one of which continues to operate today . after a long period of financial trouble the company entered bankruptcy protection in 2001 2004 2009 and later in 2014 owing 1.2 billion in debts . in 2004 trump agreed to invest 55 million cash in the new company and pay 16.4 million to the company s debtors . in return he held a 29.16 % stake in the new public company . this stake was worth approximately 171 million in october 2006 . after the 2004 bankruptcy filing the company changed its name from trump hotels & casino resorts to trump entertainment resorts . the trump branded casino resorts include the trump taj mahal trump plaza and at one time trump castle trump marina which was sold in bankruptcy court to landry s restaurants inc. on may 23 2011 and renamed golden nugget atlantic city . the business emerged from bankruptcy in 2016 with its transfer to icahn enterprises in which the trump organization lost all its stake and must continue to provide trump s name for the building . 16 riverside south trump place riverside south is currently the largest single private development in new york city . until he ceased active involvement in 2001 trump was the developer although the majority interest was held by investors from hong kong through their hudson waterfront associates . when the property was sold in 2005 trump contended that it was worth twice the 1.7 billion sales price and in 2006 sued his partners for proceeding without his consent seeking 1 billion in damages . the suit was dismissed . bloomberg values trump s share of the two office buildings in which the sale proceeds were invested at 640 million . 36 trump international hotel and tower chicago the entire project is valued at 1.2 billion 112 million stake for trump . trump hotel las vegas a joint development with fellow forbes 400 members phil ruffin and jack wishna . trump s stake is valued at 162 million . trump international hotel and tower new york trump provided his name and expertise to the building s owner ge during the building s re development in 1994 for a fee totaling 40 million 25 million for project management and 15 million in incentives deriving from the condo sales . forbes values trump s stake at 12 million . in march 2010 the penthouse apartment at trump international hotel & tower in new york city sold was for 33 million . 37 38 trump park avenue park avenue & 59th street it is valued at 142 million . trump owns 23 apartments at trump park avenue which he rents for rates as high as 100 000 per month and 19 units at trump parc . 32 nike store the niketown store is located in trump tower . the leasehold valued at 200 million . nike s lease in the building expires in 2017 and the building serves as collateral for bonds held by trump worth 46.4 million . 32 palm beach estate a 43 000 square feet 4 000 m large oceanfront mansion lot in palm beach . trump purchased this property