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Trump Winery
Trump Winery (formerly "Kluge Vineyard and Estate") is a Virginia winery situated on Trump Vineyard Estates in Charlottesville, VA. The vineyard was purchased by American business mogul Donald Trump in April 2011 and was officially opened in October 2011. Trump Winery, President Eric Trump oversees everything from winemaking and marketing to global distribution and sales.〔http://www.trumpwinery.com/winery/our-team/〕 Donald Trump no longer owns Trump Winery as he gave Trump Winery to his son Eric Trump.〔http://pagesix.com/2015/06/15/donald-trump-doesnt-own-trump-winery-his-son-does/〕〔http://www.businessinsider.com/meet-donald-trumps-five-children-2015-7〕
== Acquisition and criticism ==
Trump bought the 1,300-acre vineyard and winery for a fraction of its original value. He was criticized for his "ethics" during this acquisition. He began by buying the 200 acres surrounding the property for less than $500,000. He then placed "No Trespassing" signs around the property. This warded off potential buyers and gave Trump exclusive access to the property. This forced the property into foreclosure and gave Trump the opportunity to buy the land from Bank of America for $3.6 million, a small fraction of the property's real worth ($12M). Development and renovation of the property was given to Eric Trump, who also supervised the acquisition.
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