Allen Weisselberg is an American businessman best known as the chief financial officer of the Trump Organization. He was a co-founder of former President Donald Trump’s Trust, founded in 2017. Allen has served the Trump family since the 1970s. Allen Weisselberg’s net worth is currently under review. However, some sources estimate his fortune at $1 billion.
On July 1, 2021, Manhattan district attorneys indicted Allen Weisselberg and the Trump Organization for an alleged 15-year tax program. The organization would help its leaders evade taxes by rewarding them with lavish perks and bonuses.
|Full Name||Allen Howard Weisselberg|
|Birth Date||August 15, 1947|
|Birth Place||Brooklyn, New York|
|Net Worth||$1 billion (estimated)|
Allen Weisselberg was born on August 15, 1947 in Brooklyn, New York, United States. He spent his childhood in the city of Brownsville. For his studies, he entered Thomas Jefferson High School. After high school, he attended Pace University, where he earned a bachelor’s degree in accounting.
Allen began his career as an accountant for real estate mogul Fred Trump in 1973. After ten years as an accountant, he was promoted to corporate controller in the late 1980s, working for then-CFO Stephen Bollenbach.
His hard work paid off when he was named chief financial officer of Trump Hotels & Casino Resorts in 2000. At the time, he was also the treasurer and board member of the Donald J. Trump Foundation.
Allen Weisselberg Net Worth and Career
Weisselberg has developed close ties to the Trump family. He also managed and paid all household expenses for the Trump family. Donald Trump announced on January 11, 2017, that he would lead the Trump organization during the Trump presidency along with two of Trump’s sons, Eric and Donald Trump Jr.
Before the 2016 election, Weisselberg arranged for the Trump Organization to pay Trump’s personal attorney, Michael Cohen, $35,000 a month as compensation he had paid adult film actress Stormy Daniels. In fact, Trump was in a relationship with an adult actress, whom he tried not to show to the public before the election.
In July 2018, Weisselberg was sued to testify before a grand jury in the Michael Cohen case. In 2019, she got into trouble again after New York District Attorney Cyrus Vance Jr. investigated it. Vance then issued new subpoenas regarding the secret payments. In February 2021, the US Supreme Court ordered Weisselberg to produce Trump’s personal and corporate tax documents to Vance.
Prosecutors began examining Weisselberg’s financial statements in March 2021. In May 2021, he got into serious trouble when the New York prosecutor filed a criminal case against him.
In June 2021, the jury heard all the evidence against Weisselberg and on July 1, 2021, went to the Manhattan District Attorney’s Office.
The personal life of Allen Weisselberg
Allen Weisselberg is married to a woman named Hilary. He has two sons with her, Jack and Barry Weisselberg. His two sons are well settled in their lives. One of his sons, Jack, runs a loan company at Ladder Capital, and his other son, Barry, was at the Trump Organization, which runs skating rinks in Central Park.
Allen Weisselberg net worth
His exact net worth may not be known, but websites like Celebpie have put Allen Weisselberg’s personal net worth at $1 billion. He raised the most money for the Trump family in more than four decades. Allen bought a modest ranch-style house in Wantagh, New York in 1978, which he sold in 2013 for $468,000. Then, in 2002, he and his wife Hilary bought a vacation home in Boynton Beach, Florida.