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4/30/2011

Donald Trump bought Mar-a-Lago, the former estate of General Foods founder Marjorie Merriweather Post, in 1985 for $10 million. Built in the 1920s and declared a national landmark in 1980, the 17-acre estate is a popular event site which has hosted both the International Red Cross Ball and the wedding of Michael Jackson and Lisa Marie Presley. It has 12 fireplaces, more than 30 bathrooms and almost 60 bedrooms, as well as three bomb shelters.

In 2006, Trump irritated some local residents when he raised a flag on an 80-foot pole, a height almost twice that allowed by town ordinances. He refused to take it down, and the Palm Beach city council charged him $1,250 a day for every day that it remained aloft. Trump countersued for $25 million, and the matter dragged on for six months. It was finally settled when he agreed to lower the flag 10 feet, move it away from the ocean and donate $100,000 to Iraqi War Veterans’ charities.


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