Although Trump has a variety of ways to amass wealth, he is indeed a business genius. The Trump Organization ventures into Dubai real estate, building a luxury landmark worth $1 billion.
According to The National, Eric Trump, executive vice president of the Trump Organization, announced that the Trump Organization will partner with Dar Global to launch a $1 billion luxury development project on Sheikh Zayed Road in Dubai. The project will include Trump-branded hotels, high-end residences, and clubhouses, expected to be completed within five years. Notably, the Trump Organization has expressed a willingness to accept cryptocurrency as payment for home purchases. At current exchange rates, $1 billion is approximately 7 billion yuan.
The Trump Organization's investment project in Dubai once again showcases its ambition to expand its business footprint globally. Dubai, as one of the hottest real estate markets in the world, attracts a large number of international investors. By choosing to create a luxury landmark here and accepting cryptocurrency payments, the Trump Organization undoubtedly aims to leverage the popularity of cryptocurrency and Dubai's market potential to further expand its wealth accumulation.
This combination of traditional real estate and emerging cryptocurrency payments not only provides investors with new options but also reflects the Trump Organization's innovation and flexibility in its business model. However, it has also raised questions about Trump's methods of wealth accumulation. Historically, the Trump Organization has been involved in various sectors such as real estate, golf courses, and hotels, and its business practices have always been accompanied by controversy. In this project, the price of top-level apartments reaches as high as 75 million dirhams (approximately $20.4 million, about 140 million yuan), while the price of ordinary apartments ranges between 4 million and 5 million dirhams (approximately $1.09 million to $1.36 million, about 7.6 million to 9.5 million yuan). Such high prices and the massive scale of investment inevitably lead one to question whether there are ulterior motives behind further wealth accumulation.