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Posted On: 04/19/2024 12:57:10 PM
Post# of 128125
The 25 Businesses Quietly Paying Trump $115 Million Each Year
The true hubs for Trump’s big-money tenants, however, are 1290 Avenue of the Americas in New York City and 555 California Street in San Francisco. Trump holds a 30% interest in each building, so our calculations only attribute 30% of the rent from each tenant to the president. Even still, the money adds up. Bank of America pays an estimated $22 million for space inside the 555 California Street complex in San Francisco; Trump’s share of that equals $6.5 million. Goldman Sachs pays a reported $5.8 million, an estimated $1.7 million of which we credit to Trump.
The president has never had to publicly disclose who pays him rent. Federal disclosure laws, designed before anyone imagined a real estate billionaire in the White House, demand that officials disclose which entities pay them directly, but not who pays those entities. Since Trump holds his commercial real estate portfolio through a series of shell companies, he does not have to divulge his tenants. The Trump Organization did not respond to a request for comment.
Forbes first investigated the president’s rent roll around the beginning of 2018, tracking down roughly 75% of all money flowing into the president’s commercial properties. My book White House, Inc., released last month, digs deeper, detailing more than 90% of the money flowing into the portfolio. Below, we highlight the 25 tenants who, according to our calculations, are paying the most rent to the president.
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Maybe we can borrow a few rubels from sleeping donny......
oh no... that's right he"S BROKE!
lOL LOL LOL
The true hubs for Trump’s big-money tenants, however, are 1290 Avenue of the Americas in New York City and 555 California Street in San Francisco. Trump holds a 30% interest in each building, so our calculations only attribute 30% of the rent from each tenant to the president. Even still, the money adds up. Bank of America pays an estimated $22 million for space inside the 555 California Street complex in San Francisco; Trump’s share of that equals $6.5 million. Goldman Sachs pays a reported $5.8 million, an estimated $1.7 million of which we credit to Trump.
The president has never had to publicly disclose who pays him rent. Federal disclosure laws, designed before anyone imagined a real estate billionaire in the White House, demand that officials disclose which entities pay them directly, but not who pays those entities. Since Trump holds his commercial real estate portfolio through a series of shell companies, he does not have to divulge his tenants. The Trump Organization did not respond to a request for comment.
Forbes first investigated the president’s rent roll around the beginning of 2018, tracking down roughly 75% of all money flowing into the president’s commercial properties. My book White House, Inc., released last month, digs deeper, detailing more than 90% of the money flowing into the portfolio. Below, we highlight the 25 tenants who, according to our calculations, are paying the most rent to the president.
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Maybe we can borrow a few rubels from sleeping donny......
oh no... that's right he"S BROKE!
lOL LOL LOL
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