POLITICS

Could Ivanka Trump Take Over the Family Business?

New York, USAMon Oct 07 2024
As former president Donald Trump faces a serious lawsuit in New York, some experts are speculating that his daughter, Ivanka Trump, might step in to manage the family's business empire. The lawsuit, worth $370 million, was filed by New York Attorney General Letitia James and includes Donald Trump, his two sons, Eric and Donald Jr. , and the Trump Organization as defendants. Trump has claimed that the lawsuit is politically motivated and denies any wrongdoing. However, the lawsuit could lead to significant penalties, including bans from the New York real estate market for Trump and his sons. Experts believe that this could leave Ivanka in charge of the family's real estate holdings. Ivanka has already shown her business capabilities and could take on this role if her father and brothers are banned. A law professor, Eric C. Chaffee, thinks this could be a major blow to Trump's family legacy in real estate. Meanwhile, Paul Golden, a lawyer, points out that Ivanka might be allowed to work in the industry if she can prove she hasn't benefited from any secret profits. The trial, which concluded on January 11, is expected to reach a verdict by January 31. This could have a big impact on who controls the Trump Organization in the future.

questions

    If Ivanka Trump takes over the family business, how will this affect the company's current operations?
    What are the potential legal implications if Ivanka Trump starts managing the Trump Organization?
    How will the public and investors react to Ivanka Trump taking the helm of the Trump empire?

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