Trump Bags 150% Profit Flipping His New House To A Russian Fertilizer Oligarch

[Skidmore]

http://www.businessinsider.com/trump-not-affected-by-slump-tycoo-sells-house-for-30-million-profit-2010-1

Just four years after buying it, Donald trump has flipped a Palm Beach mansion for 50 million pounds ($81 million), booking a healthy 150% profit off his 20 million pound ($32 million) original purchase price.

Nice trade by the Donald.

Daily Mail:

'In an age of so many people getting hurt in real estate, it shows that you can still do well in real estate,' Trump said.

His spokeswoman says £50 million is the most ever paid for an estate in the U.S. - although it is £15 million less than Trump had been asking for...more

[TheBlackAdder]

1. That's just one way people money launder.

[BSdetect]

2. Any taxes paid by drumph on this deal?

I bet he did not have to pay anything. It will be written off as part of his overall dealing in real estate.

Time we fixed that tax lurk.

[Kathy M]

3. Since article was written in 2010 , Don bought this a few years before the financial crisis

sold at a hefty price to a Russian fertilizer billionaire just a couple years after crisis . Wonder what the connection with hotels / golf courses

Hope someone looks into the money laundering side , even the one son has said in articles that they get a lot of money from russia for their hotels .