07-22-2008, 08:02 AM
<b>Trump Jr. Plans $1 Billion Fund for India Property Acquisitions </b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->July 22 (Bloomberg) -- Donald Trump Jr., whose father built a multibillion dollar fortune in real estate, plans to set up a fund of as much as $1 billion to buy property in India, betting on the nation's economic growth.
Trump may create the privately held fund together with investors including an Indian family, he said in a telephone interview from New York yesterday.
``The fund will be for acquisitions of real estate in the high end and across the spectrum,'' said Trump, 30. ``I see a lot of opportunities. We'll start it off relatively small and grow it as we get more familiar with the Indian market.''
New York-based Trump Organization Inc. also plans a residential and hotel project in Mumbai with a local partner to tap the growing wealth of middle- and higher-income Indians. The city is India's biggest trading center for stocks, bonds, commodities, diamonds and gold, and home to some of the country's largest companies including Reliance Industries Ltd. and State Bank of India.
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Now how much he paid to Sonia.
Trump may create the privately held fund together with investors including an Indian family, he said in a telephone interview from New York yesterday.
``The fund will be for acquisitions of real estate in the high end and across the spectrum,'' said Trump, 30. ``I see a lot of opportunities. We'll start it off relatively small and grow it as we get more familiar with the Indian market.''
New York-based Trump Organization Inc. also plans a residential and hotel project in Mumbai with a local partner to tap the growing wealth of middle- and higher-income Indians. The city is India's biggest trading center for stocks, bonds, commodities, diamonds and gold, and home to some of the country's largest companies including Reliance Industries Ltd. and State Bank of India.
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Now how much he paid to Sonia.