Who did Ivana Trump Leave Her $34 Million Fortune To?
As a savvy businesswoman and fixture of 1980s New York high society, the late Ivana Trump carved out an impressive fortune for herself that was estimated to be worth $34 million at the time of her unexpected death in July 2022.
But who stands to inherit the wealth she accrued over her decades-long career?
Ivana Trump‘s Rise From Immigrant to Multi-Millionaire
Born Ivana Zelnickova in 1949 in the former Czechoslovakia, Ivana was an ambitious go-getter from a young age. She moved to Canada in her 20s to work as a model before heading to New York City to make a name for herself in business and high society circles.
It was in Manhattan that she met real estate mogul Donald Trump in 1976. After marrying Trump in 1977, Ivana took on key roles in The Trump Organization, overseeing interior design projects in Trump Tower, the Grand Hyatt Hotel, and other major Trump properties.
When the couple divorced in 1992 in a media frenzy, Ivana walked away with a reported $14 million cash settlement, plus exclusive ownership of their Greenwich mansion. She put her savvy and publicity to use, launching fashion and jewelry lines, writing books, and becoming a minor celebrity beyond just her association with the Trump name.
At the time of her death at age 73, Ivana Trump had accumulated an estate worth approximately $34 million. While paltry compared to ex-husband Donald Trump‘s multi-billion dollar fortune, Ivana‘s net worth places her solidly among the wealthiest self-made businesswomen of her generation.
Ivana Trump‘s Will: Her Children Are the Primary Beneficiaries
According to Ivana Trump‘s last will and testament, obtained by Forbes, the majority of her vast estate will pass down to her three children with Donald Trump:
- Donald Trump Jr., 44
- Ivanka Trump, 40
- Eric Trump, 38
Each child stands to inherit close to $11-12 million apiece from the division of their mother‘s fortune.
Donald Trump Jr. is the Executive Vice President of The Trump Organization, overseeing all real estate acquisitions and development. His estimated net worth is $200 million.
Ivanka Trump formerly served as Advisor to the President, before resigning to return to New York. She and husband Jared Kushner recently purchased a $24 million plot of land in Miami to build a new vacation home. Her estimated net worth is $300 million.
Eric Trump is also an Executive Vice President of the Trump Organization. He oversees the company‘s global golf, hotel, and other hospitality interests. His estimated net worth matches Ivanka‘s at $300 million.
So for Ivana Trump‘s children, their $11-12 million inheritances represent just a fraction of their individual fortunes. But the passing down of generational wealth, even for ultra high net worth families, remains tradition.
Other Beneficiaries: A Longtime Friend and Former Staffer
While her children clearly are the main beneficiaries, Ivana Trump did parcel out selected assets to a few other individuals:
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Her longtime friend Evelyne Galet received Ivana‘s seaside condo in St. Tropez in southern France, likely valued at several million dollars.
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A Miami condo worth over $1 million went to Dorothy Curry, a former longtime staffer and nanny for the Trump family. Ivana also left Dorothy her cherished pet dog named Tiger.
These sentimental bequests outside the family underscore Ivana Trump‘s generosity beyond just her children and grandchildren.
What About That Luxury Manhattan Townhouse?
One of Ivana Trump‘s most prized assets was her Upper East Side townhouse on 64th Street, just blocks from Central Park. She purchased the 8,725-square-foot home herself in 1992 after her bitter divorce from Donald Trump was finalized.
The six-story townhouse features a wraparound terrace, multiple chandeliers, and leopard print decor true to Ivana‘s over-the-top style. With Ivana‘s passing, the property is now listed for sale on the market for $26.5 million.
The buyer will acquire a unique piece of luxury real estate. Located in Lenox Hill near high-end shops and restaurants, the townhouse boasts ceilings up to 20 feet high, a private elevator, mirrored walls, and ornate moldings. Ivana Trump spent over $7 million renovating the 19th century property after purchasing it.
Manhattan‘s red hot real estate market should ensure a buyer snaps up this one-of-a-kind property, though likely not for the full asking price. This piece of Ivana Trump‘s vast estate will ultimately pass to another owner rather than her heirs.
The Trump Family Fortune: Billions Without Ivana‘s Millions
It‘s important to contextualize Ivana Trump‘s respectable $34 million net worth amongst the wider Trump family‘s vast wealth.
Ex-husband Donald Trump‘s estimated net worth, per Forbes, is over $3.2 billion. His wealth comes from his sprawling real estate empire, hospitality brands, and other business ventures accumulated over five decades.
Some highlights of Trump assets contributing to his billions:
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16 golf courses and golf resorts across the world, including Mar-a-Lago Club in Palm Beach, Florida.
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A 30% stake in two valuable office towers: 1290 Avenue of the Americas in New York City worth over $1 billion and the 555 California Street building in San Francisco worth around $700 million.
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Lucrative branding and licensing deals for hotels, residential towers, and other real estate projects internationally.
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A large portfolio of other prized real estate in Manhattan, Palm Beach, Las Vegas, Washington D.C. and abroad.
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Cash reserves from his business interests and investments over a decades-long career.
So while inheriting $11-12 million is a considerable windfall for most, Ivana Trump‘s estate represents less than 0.5% of her ex-husband Donald Trump‘s total fortune. Their children are firmly established in their own right as successors to the Trump business empire.
Ultimately, the passing of Ivana Trump‘s financial legacy to the next generation remains significant. But for the ultra-wealthy Trump dynasty overall, her millions are just a drop in the billionaire bucket.