The Donald scored his new Virginia B&B, in the shadow of Thomas Jefferson's Monticello, for pennies on the dollar
In May, Donald Trump and his son Eric opened the 10-room trump Albemarle estate, a lavish bed-and-breakfast (rooms start at $399 a night) near Charlottesville, Virginia, in a manse that—in case you’ve been living in the bottom of a chardonnay barrel for the last couple of decades—formerly belonged to the late media billionaire John Kluge, once America’s richest man. Trump paid just a fraction of the assessed worth of the property, which has a tangled history.
October 2012
Trump finally buys Albemarle House from BofA for $6.7 million, completing his acquisition of the entire estate.
May 2015
Trump, taking advantage of recently relaxed local lodging bylaws, opens Albemarle Estate as a bed-and-breakfast.
Images: From Top: Ron Galella / Getty Images; Andrew Shurtleff / Zumapress / Newscom(2); Getty Images; Steve Helber / Ap; Brendan Hoffman / Prime
(This story appears in the 10 July, 2015 issue of Forbes India. To visit our Archives, click here.)