Donald Trump Just Sold A $15.8 Million Condo To Chinese Consultant Peddling Access To Powerful People
Last week, Donald Trump sold a $15.8 million penthouse to a Chinese-American consultant who runs a company that brokers business deals in China between powerful people.
This is the first major real estate sale by Trump’s company since he assumed the presidency.
From Mother Jones:
New York City property records show that Xiao Yan Chen, the founder and managing director of a business consulting firm called Global Alliance Associates, purchased the four-bedroom, six-bathroom condo in Trump’s Park Avenue high-rise on February 21. Before taking office, Trump signed documents removing himself from the board of directors of Trump Park Avenue LLC, the entity that sold the unit, but he remains the LLC’s owner.
Chen, who also goes by Angela Chen, did not return multiple calls and emails requesting comment. Her company bills itself as a “boutique business relationship consultancy” for US firms seeking to do business in China. “For a select clientele,” the firm says that it “facilitates the right strategic relationships with the most prominent public and private decision makers in China.”