After real estate mogul and Republican presidential nominee Donald Trump defeated Hillary Clinton to be named the next President of the United States, he is all set to transfer management of the Trump Organisation to his children ahead of taking up his responsibilities as President.

Donald Trump currently serves as the chairman and the president of the Trump organisation which comprises Donald Trump's business ventures and investments. US Federal conflict-of-interest law does not apply to the president, but most White House occupants in the last few decades have voluntarily placed their assets in a blind trust to avoid any suggestion of impropriety.

The Trump Organization said in a statement it was planning to transfer control of the portfolio of businesses to Donald Trump Jr, Ivanka Trump, Eric Trump and other executives. Trump's three eldest children currently serve as executive vice presidents.

The Trump Organization has interests in real estate development, investing, brokerage, sales and marketing, and property management. The company owns, operates, invests, and develops residential real estate, hotels, resorts, residential towers, and golf courses in different countries, as well as owning several hundred thousand square feet (several hectares) of prime Manhattan real estate.

As of 2015, the real estate holdings of the organisation is estimated to be around 3.5 billion dollars.

The transfer of power in Washington from the Obama administration to the Trump administration will take place next January when Donald Trump will be moving into the White House with the new first lady of the US, Melania Trump.



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