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Allen Weisselberg, former Trump Organization finance chief, faces sentencing at Manhattan Criminal Court on April 10 in New York City.
Allen Weisselberg is an American businessman known for his role as Chief Financial Officer (CFO) at the Trump Organization.
Key Takeaways
- Allen Weisselberg faced legal troubles, pleaded guilty, and was sentenced to prison in 2022 and 2024.
- Allen Weisselberg’s net worth is estimated at $1 billion due to his role and ties to wealthy families.
- Weisselberg’s career started as an accountant in 1973, became CFO in 2000, and also served on the Trump Foundation board.
- Weisselberg grew up in Brooklyn, attended Thomas Jefferson High School, and graduated from Pace University in 1970.
He began his career with Fred Trump in 1973 and rose to become the Trump Organization’s CFO by 2000.
Allen faced legal troubles, pleading guilty to various charges, including tax fraud and perjury.
In 2022, he received a five-month jail term, followed by a ban from financial roles in New York corporations for three years.
In 2024, Weisselberg confessed to lying under oath, which resulted in an additional five-month jail term. By cooperating with the authorities, he played a key role in the conviction of the Trump Organization for tax evasion.
Allen Weisselberg Net Worth: How Rich Was Trump’s CFO?
Allen Weisselberg’s net worth is estimated to be $1 billion.
His ties to one of America’s wealthiest families have played a significant role in contributing to this wealth.
According to Forbes, the Trump Organization generated close to $2 billion in revenue during Donald Trump’s presidency, indicating that Weisselberg likely received a substantial salary.
Having been with the Trump Organization for over ten years, Weisselberg’s extended period of employment underscores his significant role in the company’s day-to-day functions and financial matters.
Apart from his corporate responsibilities, Weisselberg managed the household expenses of the Trump family.
Additionally, he served as one of the trustees for a New York-based revocable trust alongside Donald Trump.
These various positions and responsibilities contributed to his accumulated wealth, indicating that his assets and earnings amounted to around those figures.
And just like that…Allen Weisselberg is back off to Rikers
The former CFO for the Trump Org, 76 yr old
Weisselberg was sentenced to 5 months in a plea agreement after admitting to lying in the NY Fraud case against Trump.
Weisselberg had previously stated that he had little… pic.twitter.com/3XlcYbN438
— Jen 🇺🇸🏴☠️ (@jerrieskid) April 10, 2024
Insights On Allen Weisselberg Career Details
Weisselberg began his journey with Fred Trump in 1973 as an accountant, eventually rising to the position of company controller by the late 1980s.
His role expanded significantly when he was appointed Chief Financial Officer and Vice President of Trump Hotels & Casino Resorts in 2000.
Concurrently, he served as a board member and treasurer of the Donald J. Trump Foundation.
However, in a 2017 deposition, Weisselberg claimed unawareness of his board membership for over a decade.
His influence within the Trump Organization was further highlighted when, shortly before Donald Trump’s presidential inauguration, Weisselberg was entrusted to manage the company alongside Eric Trump and Donald Trump Jr.
As trustees, Weisselberg and Trump Jr. held exclusive knowledge of the trust’s financial details, as indicated by a summary of trust arrangements from February 2018.
NEW: Tish James has doubled down on her request that Judge Engoron investigate why documents that go to the heart of Allen Weisselberg’s admitted perjury during the civil fraud trial were not turned over to the AG. 1/ pic.twitter.com/3WtwVZi3kf
— Lisa Rubin (@lawofruby) April 9, 2024
FAQs
1. Where did Allen Weisselberg grow up and study?
Allen Weisselberg grew up in Brooklyn, New York, where he attended Thomas Jefferson High School. He later graduated from Pace University in 1970, majoring in accounting.
2. Who is Allen Weisselberg married to?
Allen Weisselberg is married to wife Hillary Weisselberg. The couple tied the knot in New York, United States.
3. What brought Allen Weisselberg into the limelight?
Allen Weisselberg gained attention for his conviction in a trial of misconduct. The judge ordered him to pay nearly $2 million in taxes, punishment, and interest as alimony.
