Donald Trump has decided that his three oldest children willinherit his real estate business after his death. Donald Jr., Ivanka, Eric, andthe children’s mother Ivana will control the Trump organization. Trump was quotedsaying “I think, and I hope, for their own sake, that they’ll be able to getalong…It’s not a deal where there’s going to be one person succeeding me.”Each child will be in charge of a particular aspect of the organization. Ivankawill probably be the lead negotiator since she has negotiated some of theorganizations largest deals. Donald Jr. has previously worked on leasing, andEric the youngest Trump will probably be in charge of construction.Trump’s decision to pass on his organization equally amongst his children isunusual because most real estate businesses do not have more than one heir. Some empires passed down to multiple heirs have decided to split to avoid family litigation. Trump acknowledged the danger for family drama and hopes that the siblings will continue to work together.
See Hiten Samtani, Donald Trump Plans To Split His Real Estate Empire Evenly Among His 3 Oldest Kids, Business Insider, Sep. 16, 2013.
