Here’s How Donald Trump Invests His Cash

Donald Trump is flush with cash. After leaving the White Rental, he refinanced a San Francisco establish of labor tower and sold his D.C. lodge, leaving him with an estimated $425 million battle chest. Where has he invested all that cash? A fresh financial disclosure file, filed excellent month, affords answers.

Most of it’s held in protected investments, which is excellent for a guy who’s 76 years frail, maintains a portfolio of riskier true estate sources, and can have a few hundred million to manage with dependable disorders. His disclosure lists the value of each asset in nice ranges, making it advanced to know precisely how his investments shatter down, but it looks admire the bulk is sitting in bonds, Treasuries, and cash-market funds. Shares own up a dependable piece of the comfort. Trump holds blue-chip names admire Procter & Gamble, JPMorgan Bolt, Pfizer and Johnson & Johnson. There’s additionally a tiny sliver silent of mutual funds, alternate-traded funds and gold.

The mature president’s largest equity space is in a nonbank lender named Owl Rock Capital Corporation, based by a trio of mature financiers from Blackstone, KKR and Goldman Sachs. Trump holds $5 million to $25 million of stock within the firm, in conserving along with his financial disclosure file. The firm’s chairman, Edward D’Alelio, leant cash to the Trump’s Fortress casino and lodge in Atlantic City sometime of the late Eighties, and later joined the board of Trump Leisure Hotels.

His funding in Owl Rock makes replacement sense to wealth supervisor Lori Van Dusen of LVW Advisors. “We have got emerged right into a colossal replacement for credit rating ideas admire this,” she says. “With tighter credit rating and lending prerequisites and a slowing financial system, there’s more of a need for suppliers of liquidity and restructuring. My sense is that’s why he would own this.”

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