Trump Tower at 721–725 Fifth Avenue in New York City is owned by The Trump Organization. Donald Trump, the 45th and 47th U.S. President, controls the building’s commercial and retail spaces and personally owns the penthouse residence. In July 2025, FIFA leased office space at Trump Tower for the FIFA Club World Cup.
- Trump Tower was completed in 1983 and stands 58 stories (664 feet) above Fifth Avenue.
- Forbes valued the building at $215 million as of September 2025, with a net worth of $115 million after debt.
- The tower holds 263 residential condominium units spread across floors 30 through 68.
- Axos Bank holds a $100 million mortgage on the property, refinanced in 2022.
- Average asking price for condos in the building was approximately $2,064 per square foot as of early 2026.
Trump Tower Mission Statement and Operating Philosophy
The Trump Organization does not publish a standalone mission statement for Trump Tower. Its operating approach centers on maintaining a luxury mixed-use property that attracts high-net-worth residents, premium retail tenants, and corporate offices to one of Manhattan’s most trafficked corridors.
The building was designed from the start as a dual-purpose structure: retail and office space on the lower floors, and upscale residences above. That formula has defined the property for four decades, drawing tenants like Gucci, which rents 48,667 square feet along the Fifth Avenue frontage.
In practice, the tower functions as the headquarters and brand flagship of The Trump Organization, which manages the commercial tenancies and common areas. Residents access a private entrance on 56th Street, a 2,500-square-foot fitness center, and Club 721, which includes a library, movie theater, and conference rooms.
Who Owns Trump Tower?
The Trump Organization’s Stake
The Trump Organization owns and operates the commercial and retail portions of Trump Tower. This includes office floors that house the organization’s own headquarters, leased office space, and the street-level retail tenancies along Fifth Avenue.
Forbes valued this commercial and retail stake at $196 million in 2025. After subtracting the $100 million Axos Bank mortgage, the net value of this portion stood at $96 million.
Donald Trump’s Personal Holdings
Donald Trump personally owns a three-story penthouse unit in the building where he lived for decades before relocating to Florida. Forbes valued the penthouse at $45 million. An investigation by the New York Attorney General found the unit measured roughly 11,000 square feet, not the 30,000 square feet that had been used in earlier appraisals.
Individual Condominium Owners
The 263 residential units on floors 30 through 68 are individually owned by private buyers and entities. Recent sales data from StreetEasy and Zillow show a 2-bedroom unit selling for $2.85 million in February 2026 and a 3-bedroom at $8.2 million in January 2026. Residents include a mix of international investors, business figures, and private individuals.
Trump Tower Origin, Founders and Early Years
The Development Partnership
Trump Tower was developed by Donald Trump and the Equitable Life Assurance Company (now AXA Equitable Life Insurance Company). The building was designed by Der Scutt of Swanke Hayden Connell Architects and completed in 1983.
The site previously housed the Bonwit Teller department store flagship. Trump acquired the building rights and demolished the existing structure in the early 1980s. Because the plot sat within the Fifth Avenue special zoning district, it qualified for floor area ratio bonuses in exchange for publicly accessible space on the ground level.
Zoning and Public Space
In return for providing privately operated public space (POPS), including the five-story atrium lobby, a lower-level concourse, restrooms, and outdoor terraces on the fourth and fifth floors, the building received 105,436 square feet of additional floor area. The atrium is clad in 240 tons of Breccia Pernice marble and features a 60-foot indoor waterfall.
How Did Trump Tower Get Its Name?
The building carries Donald Trump’s family name because he was the lead developer and principal financier behind the project. By the early 1980s, Trump had already built a public reputation through his conversion of the Commodore Hotel into the Grand Hyatt New York, and attaching his name to buildings was an explicit branding strategy.
Trump Tower was the first major property to carry the Trump name on Fifth Avenue. The success of the building’s naming convention led to a broader licensing model in which developers around the world paid to use the Trump brand on their own buildings. Properties in Mumbai, Manila, Istanbul, and other cities carry the Trump name but are owned by local developers like Lodha Group, Century Properties Group, and the Dogan family. The original Manhattan tower remains the only Trump Tower directly owned and operated by The Trump Organization.
Trump Tower Products and Services
Residential Condominiums
- 263 units across floors 30–68
- Studios through multi-bedroom penthouses
- Floor-to-ceiling windows with park views
- Private 56th Street entrance
Retail Space
- Street-level shops along Fifth Avenue
- Gucci flagship occupies 48,667 sq ft
- Multi-level atrium with cafes
- Direct access from the public lobby
Commercial Office Space
- Trump Organization headquarters
- Leased floors for corporate tenants
- FIFA offices added in July 2025
- Qatar Airways renting since 2008
Resident Amenities
- Club 721: library, theater, billiards
- 2,500 sq ft fitness center
- Concierge, doorman, valet service
- Children’s playroom and event lounge
Largest Shareholders and Stakeholders of Trump Tower
The Trump Organization
- Owns commercial and retail floors
- Stake valued at $196 million (gross)
- $100 million Axos Bank mortgage
- Net equity: approximately $96 million
Donald J. Trump
- Owns the three-story penthouse
- Penthouse valued at $45 million
- Unit measures approximately 11,000 sq ft
- Personal net worth: $6.5–7.3 billion (2026)
Individual Condo Owners
- 263 private residential units
- Mix of domestic and international buyers
- Recent sales: $2.85M–$8.2M per unit
- Avg. asking price: $2,064/sq ft (2026)
Axos Bank (Lender)
- Holds the $100 million mortgage
- Loan refinanced in 2022
- Previously held by GMAC, Deutsche Bank
- Lien recorded against commercial portion
Who Is on the Board of Directors for Trump Tower?
Trump Tower does not have an independent board of directors in the way a public corporation does. The building’s commercial operations are managed by The Trump Organization, a privately held conglomerate run by the Trump family. The residential portion is governed by a condominium board elected by unit owners.
Executive Leadership — The Trump Organization
Donald J. Trump
Founder and OwnerFounded The Trump Organization and developed Trump Tower in 1983. Currently the 47th President of the United States. His assets are held in a revocable trust managed by his son.
Donald Trump Jr.
Executive Vice President / TrusteeManages day-to-day operations of The Trump Organization alongside his brother. Serves as trustee of his father’s trust during the presidential term. Also active in the family’s digital and cryptocurrency ventures.
Eric Trump
Executive Vice PresidentOversees the Trump Organization’s real estate portfolio, including golf properties and commercial assets. Co-manages the organization alongside Donald Trump Jr.
Property Management and Operations
Trump Organization Property Management Division
Building OperationsManages commercial leasing, tenant relations, building security, and maintenance of common areas including the public atrium.
Condominium Board of Managers
Residential GovernanceElected by residential unit owners, the condo board handles building rules, assessments, and shared amenity management for the 263 residential units.
Financial Oversight
Allen Weisselberg (Former CFO)
Chief Financial Officer, 1986–2022Served as The Trump Organization’s CFO for over three decades, overseeing the financial management of Trump Tower and other properties. Pleaded guilty to tax fraud charges in 2022 and perjury in 2024.
Trump Tower Valuation History
The building’s total estimated value peaked at $630 million in 2015, driven by high rent from anchor tenants like Gucci. Between 2016 and 2024, the average price per square foot for condos in the building dropped by nearly 50%, and the overall property valuation fell sharply.
As of late 2025, Forbes placed the combined valuation at approximately $215 million. Some analyses in early 2026 referenced potential rebranding pressures and an auction price of $412 million, though the tower remains firmly associated with the Trump brand.
Trump Tower: Ownership vs. Licensing
A common point of confusion is the difference between the original Manhattan tower and the many “Trump Towers” around the world. Most buildings carrying the Trump name outside New York are licensing deals, not properties owned by The Trump Organization.
Trump Tower Mumbai and Trump Tower Pune are owned by Lodha Group and Panchshil Realty. Trump Tower Manila is a Century Properties Group project. Trump Towers Istanbul is owned by Turkish billionaire Aydın Doğan. In each case, the local developer paid a fee to brand the building with the Trump name. The licensing and management business tied to these global deals was valued at $501 million by Forbes in 2025, making it one of the more profitable segments of the Trump real estate portfolio.
FAQs
Is Trump Tower an American company?
Trump Tower is a building, not a company. It is located in New York City and owned by The Trump Organization, a privately held American conglomerate headquartered in the same building.
What is the net worth of Trump Tower?
Forbes estimated Trump Tower’s net value at $115 million as of September 2025, after subtracting the $100 million Axos Bank mortgage from its $215 million gross valuation.
Who owns Trump Tower?
The Trump Organization owns the commercial and retail portions. Donald Trump personally owns the penthouse. The 263 residential condominiums are owned by individual private buyers.
When did Trump Tower come out?
Trump Tower was completed in 1983. It was developed by Donald Trump and the Equitable Life Assurance Company and designed by architect Der Scutt of Swanke Hayden Connell Architects.
Is Trump Tower still operational?
Yes. Trump Tower remains fully operational as of 2026. It houses The Trump Organization’s headquarters, leased office and retail space, and 263 occupied residential condominiums.
