Donald Trump’s Palm Beach estate, Mar-a-Lago, is in the news once again, but what does the Spanish name mean in English?
In a, the former POTUS declared that he would be stepping down as President. StatementFBI agents searched the mansion. His statement reads: “Mar-a-Lago in Palm Beach is currently under siege, raided, and occupied by a large group of FBI agents.”
Trump bought the property, but it was still relevant because of its significance.
Let us now explain the name of this property and give you some background.
What does Mar-a -Lago actually mean?
According to CosmopolitanMar-a-Lago, Spanish for “sea to lake”.
The $7 million cost to build the mansion between 1924-1927 was $7 million. Heiress Marjorie Merriweather Post had it built after inheriting $250 million at 27 from her father, Charles William Post. He was also the founder of the Postum Cereal Company.
After her passing, the mansion was given to the government as per Post’s will. It was declared a U.S. National Historic Landmark in 1980, but the government returned the mansion to Post’s daughters as the annual maintenance would cost up to $1 million.
The sisters then decided to auction it and that’s when it caught Trump’s eye.
What was the price Donald Trump paid for it?
Trump bought Mar-A-Lago from the Post daughters for $5 million and paid an additional $3 million for the heiress’s antiques and furniture.
The extravagant property is said to have many features. “hurricane resistant,”According to its official site.
It covers 20 acres and boasts ocean and garden views. Only five minutes drive away is the Trump International Golf Club.
“Since purchasing this landmark in 1985, the Trump family has spent many weekends and holidays at their home away from home,”It says.
What is the former president’s net worth?
Reports indicate that Trump has a net worth of $3Billion. Forbes. He said that a significant portion of his fortune is held in New York City realty.
The Trump Tower in New York City was his home until 2019, when he moved to Mar-a-Lago. This became his official residence.
According to reports, he wasn’t at his mansion in Plam Beach when it was being searched by the FBI agents.
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