Trump’s estate company bought up Bentley’s estate
The real estate developer that owns Bentley’s sprawling Virginia estate was the owner of a Bentley dealership, a Virginia law firm and an Alabama real estate broker, the Washington Post reported.
Donald J. Trump Jr. purchased a Bentley luxury sedan and Bentley motorcycles in 2006 for $7 million, the Post reported on Monday, citing a person familiar with the transaction.
The sale was first reported by Politico and the New York Times.
The Trump Organization did not immediately respond to a request for comment.
Bentley is known for its high-end, high-profile luxury vehicles.
The Washington Post described the sale as a “once-in-a-lifetime opportunity” for Mr. Trump to “transform his business empire,” but it was unclear whether the business would become fully profitable.
The Post quoted Bentley owner Jim Brys, who told the newspaper that the transaction had not yet been finalized.
The Bentley brand, which is owned by the Trump family, has been in a long decline, and Mr. Brys had been considering selling the business, the newspaper reported.
“I think the Bentley brand will go into the ground,” he said.
Mr. Trump has previously said that the sale of the Bentley name would be a major factor in his decision to leave the real estate business.
“The brand is worth more than it’s ever been worth.
It’s going to be a disaster,” he told the Wall Street Journal last month.
Brys is currently the CEO of the Trump Organization, which has been criticized for its handling of Mr. Putin’s 2016 election and his decision last year to fire the chief of the FBI.
Trump also purchased a mansion for $5.8 million in 2012 for his second home in New York.
Bentley has been at the center of numerous legal controversies, including its role in the collapse of a massive Russian energy company.
Bentsons owner Jim Denny, who is also the chairman of the Republican National Committee, said in a tweet that the Bentley dealership deal would “give our brand credibility” and will create “100 jobs.”
The Post reported that Mr. Denny was also the president of the Alabama Republican Party from 2007 to 2009.
“In addition to the millions of dollars in new business generated by this transaction, this acquisition will create thousands of jobs and bring $1 billion of revenue to our state and country,” he wrote.
Bengals ownership is in dispute between the company’s chairman, Robert Bentley, and a group of current and former employees who have accused him of sexual misconduct.
The two sides are also fighting in court over the sale and whether it should be included in Mr. Bentley’s federal bankruptcy.