Suspicious Palm Beach Real Estate Deal Between Trump and Russians Draws Scrutiny in the Senate

real estate
The Senate is looking into Trump’s sale of this Palm Beach estate to Russian oligarch Dmitry Rybolovlev (Splash News photo)

A 2008 real estate deal between President Donald Trump and a Russian investor is raising eyebrows in the Senate.

The property conveyed—6.3 acres in a particularly ritzy part of Palm Beach (bordering the home of TV surgeon Dr. Mehmet Oz)—was purchased by Trump in 2004 for $41.35 million. Russian billionaire Dmitry Rybolovlev paid $95 million for the property just four years later.

While this might not seem untoward on the face of it (and, indeed, could even be viewed as proof of Trump’s normally-questionable claims about his outstanding business acumen), it becomes decidedly more suspicious with the revelation that the appraised value of the property was $30 million less than the sale price.

“In the context of the President’s then-precarious financial position, I believe that the Palm Beach property sale warrants further scrutiny,” U.S. Senator Ron Wyden of Oregon wrote in a letter to Treasury Secretary Steven Mnuchin. “It is imperative that Congress follow the money and conduct a thorough investigation into any potential money laundering or other illicit financial dealings between the President, his associates, and Russia.”

Jose Lambiet,, excerpt posted on, Feb. 14, 2018