But in late 2017, Weisselberg was particularly interested in unique ideas for finding extra value from Trump properties, according to Friday testimony from another Trump Organization executive. The executive, company vice president Patrick Birney, was shown a spreadsheet compiled that year in which the company proposed assessing a "premium for presidential" properties — calculating a series of re-valuations. "15% Premium for Presidential winter residence," read one line under Mar-a-Lago. Another line, for Trump's Bedminster golf club, read, "15% premium for presidential summer residence." On Friday, Birney testified about another moment, in 2018, when the public's understanding of Trump's wealth sent company executives scrambling.

Source: Forbes October 13, 2023 22:19 UTC