**Summary of The Trump Organization**
The Trump Organization, formerly known as Elizabeth Trump & Son, is a prominent American conglomerate founded by Fred Trump and later led by Donald Trump from 1971. The organization is privately owned by Donald Trump and is involved in a diverse range of businesses, including real estate development, investing, brokerage, sales and marketing, and property management[2]. It operates in various sectors such as hospitality, casinos, entertainment, publishing, and retail[2].
**History and Key Achievements**
Donald Trump joined the organization in 1968 and expanded its operations to Manhattan, leveraging his father's financial and political connections[5]. The organization has developed numerous high-profile properties, including Trump Tower in New York City. Trump's business ventures have included licensing his name to various projects worldwide, which has been a significant revenue stream[5].
**Notable Aspects and Current Status**
The Trump Organization has faced significant challenges, including the bankruptcy of Trump Entertainment Resorts multiple times[1]. Despite these setbacks, the organization remains a major player in global business. During Donald Trump's presidency, companies connected to him experienced financial gains, with some enjoying increased sales and fewer regulatory investigations[3]. The organization is currently managed by Donald Trump's sons, Donald Jr. and Eric, following his presidential inauguration in 2017[5].
**Recent Developments and Impact**
The Trump Organization has been under scrutiny for potential conflicts of interest during Trump's presidency, with critics raising concerns about the emoluments clause and foreign business dealings[4]. Despite these controversies, the organization continues to operate in multiple sectors, maintaining a significant presence in the global business landscape.