Donald Trump’s company sells his five bedroom Beverly Hills mansion for $13.5 million – double what it was bought for 12 years ago – to a company owned by an Indonesian billionaire
- Indonesian billionaire Hary Tanoesoedibjo’s firm Hillcrest Asia Limited is listed as the buyer of one of the Trump Organization’s last Los Angeles-area properties
- Tanoesoedibjo, 54, a married father of five, was listed as the 31st wealthiest person in Indonesia in 2018
- His real estate firm, MNC Land, is in the process of building resorts in Bali and the province of West Java that will be managed by the Trump Organization
- Trump’s company purchased its former Beverly Hills property for $7 million seven years ago and has now sold it for nearly twice its last estimated value
- The mansion is across the street from the Beverly Hills Hotel where Trump has been accused of having affairs with women, including porn star Stormy Daniels
- The 5,395 square foot Tudor-style estate has five bedrooms, six bathrooms and a swimming pool out back
The Trump Organization recently sold one of the president’s last Los Angeles-area homes for $13.5million, nearly double what the company paid for the property in 2007
The Trump Organization recently sold one of the president’s last Los Angeles-area homes for $13.5million, nearly double what the company paid for the property in 2007, and the buyer is a fellow billionaire who does business with Trump’s company.
The 5,395 square foot Tudor-style mansion built in 1927, located on N Canon Drive in Beverly Hills, was sold off the market to Hillcrest Asia Limited, according to the Real Deal.
The Washington Post reports Hillcrest Asia is a shell corporation owned by Indonesian billionaire Hary Tanoesoedibjo, one of Trump’s business partners in the southeast Asian nation.
Indonesian billionaire Hary Tanoesoedibjo’s firm Hillcrest Asia Limited is listed as the buyer of one of the Trump Organization’s last Los Angeles-area properties
The 5,395 square foot Tudor-style mansion built in 1927 is located on N Canon Drive in Beverly Hills
The estate has five bedrooms, six bathrooms and a swimming pool and was sold off the market
Tanoesoedibjo, 54, a married father of five, who was listed as the 31st wealthiest person in Indonesia in 2018, according to Forbes, which estimates his current net worth at $1.1 billion.
Like Trump, the founder and former CEO of Media Nusantara Citra (MNC), which owns 4 national TV stations, stepped down from running his own company in 2016 to focus on politics.
His real estate firm, MNC Land, is in the process of building resorts in Bali and West Java that will be managed by the Trump Organization, Forbes reported.
The home Tanoesoedibjo bought from Trump’s company contains five bedrooms, six bathrooms and a pool in the backyard.
Tanoesoedibjo’s real estate firm, MNC Land, is in the process of building resorts in Bali and West Java that will be managed by the Trump Organization
Trump’s son, Eric Trump, who took over as head of the Trump Organization after the president was elected, said his family ‘has not had the chance to enjoy the property in recent years and it has seen minimal use’
Trump’s former Beverly Hills home is located across the street from the famed Beverly Hills Hotel where the president was rumored to have engaged in affairs with former Playboy Playmate Karen McDougal (right) and porn star Stephanie Gregory Clifford, aka ‘Stormy Daniels’.
Trump’s son, Eric Trump, who took over as head of the Trump Organization after the president was elected, described the property as ‘a beautiful home that our family enjoyed for many years’ in a statement to the Real Deal.
‘Given my father’s presidency and our hectic schedules, our family has not had the chance to enjoy the property in recent years and it has seen minimal use,’ Eric added. ‘As such, it simply made sense to sell.’
Trump’s former Beverly Hills home is located across the street from the famed Beverly Hills Hotel where the president was rumored to have engaged in affairs with former Playboy Playmate Karen McDougal and porn star Stephanie Gregory Clifford, aka Stormy Daniels.
Former ‘Apprentice’ contestant Summer Zervos, accused Trump of assaulted her at the Beverly Hills Hotel, but the President has denied all three women’s claims.
Los Angeles County’s assessment board appraised Trump’s former N Canon Drive estate at $6.004 million in 2016, according to records obtained by the LA Times.
In 2017, the property racked up at least $1,128 in fines for code violations due to its hedges being too tall, the Real Deal reported.