Donald Trump sells a Palm Beach mansion he’s never lived in for twice the amount he bought it for. The buyer is a Russian oligarch, Dmitry Rybolovlev.
Trump bought the property for $41 million in 2004 (beating Jeffrey Epstein). Rybolovlev pays Trump $95 million. A couple years later, a Palm Beach County appraisal determines it’s only worth $59.8 million. Money laundering?
According to Trump’s fixer, Michael Cohen, Trump believes that Rybolovlev is simply a middle man for Vladimir Putin.
Rybolovlev breaks down the mansion and sells the property for parts in 2016, 2017, and 2019. At no point between 2008 and 2017 does he ever live at the property.
Time brings a lot of speculation to the purchase, particularly because of Trump’s other known ties to Russian oligarchs and the unthinkable profit Trump made from the sell.
The Russian billionaire is also financially connected to Wilbur Ross, Trump’s Secretary of Commerce, through the Bank of Cyprus.
Rybolovlev was arrested and spent 11 months in jail in 1996 for plotting to murder another wealthy businessman. After 2008, he is involved in multiple financial scandals.
Mansion Global (Archived)
https://www.SF Chronicle (Archived)
Rybolovlev Wikipedia Page, Archived
McClatchy DC (Archived)