• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Jeff Bezos pledged $10 billion for climate change. With the 2030 clock ticking, his wife, Lauren Sánchez Bezos, is leading the charge to spend it

2

Anne Hathaway says she was spammed with ChatGPT-written thank you notes after hiring for a recent role: ‘Nobody on that list gets that job’

3

The affordability crisis is so bad that, for the first time ever, both mom and dad are working full-time in most American families

1

Jeff Bezos pledged $10 billion for climate change. With the 2030 clock ticking, his wife, Lauren Sánchez Bezos, is leading the charge to spend it

2

Anne Hathaway says she was spammed with ChatGPT-written thank you notes after hiring for a recent role: ‘Nobody on that list gets that job’

3

The affordability crisis is so bad that, for the first time ever, both mom and dad are working full-time in most American families
Russia

Trump Firm Considered Giving Putin a $50 Million Penthouse, Broker Says

By
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Bloomberg
Bloomberg
Down Arrow Button Icon
November 30, 2018, 10:24 AM ET
Add Fortune on Google for similar content.

President Donald Trump’s company considered offering Russian President Vladimir Putin a $50 million penthouse in a planned skyscraper in Moscow to make the building more desirable to rich buyers, according to the Russian-born real estate developer who was broker on the project.

Felix Sater, a felon, ex-government informant and former Trump business associate, said Thursday he came up with the idea as a way to reap extra profit from Trump Tower Moscow, which he said would have brought in as much as $500 million if it had been built. Then-Trump lawyer Michael Cohen approved of the idea, Sater said, adding that it came to him while “spitballing” marketing schemes.

It wasn’t clear how seriously the idea was ever pursued, or whether Trump knew about it. Trump tweeted Friday morning that he “lightly looked at doing a building somewhere in Russia,” but “put up zero money, zero guarantees and didn’t do the project.”

The Moscow tower deal was scrapped in 2016, though the reasons remain unclear. The disclosure about the penthouse proposal was first reported by Buzzfeed News, which claimed the idea was pitched during the 2016 presidential campaign.

“I proposed giving Putin a $50 million penthouse because all of the oligarchs would kill to live in the building, and we could raise prices by an extra $250 million,” said Sater, who worked as an adviser to Trump’s company during the Moscow negotiations and had previously worked with Trump to develop to a building in Manhattan.

The Trump Organization didn’t immediately respond to a request for comment, nor did Cohen or two of his lawyers. The White House also did not immediately respond to a request for comment on Thursday night.

Trump’s business dealings in Moscow took center stage earlier Thursday when Cohen pleaded guilty to lying to Congress about the Trump tower Moscow project in an August 2017 statement to Congress. Cohen admitted he lied when he said that negotiations for the skyscraper ended in January 2016 when in fact they continued until June that year, after Trump cinched the Republican nomination.

Cohen said he made the false statements to minimize links between Trump and the Moscow project and to give the impression that the deal had fallen apart before the first primary, “in the hopes of limiting the ongoing Russia investigations,” according to court papers. He also acknowledged working with “Individual 2” — Sater, according to a person familiar with the matter — in trying to win Russian approval for the project, according to court papers.

Cohen has agreed to cooperate with Special Counsel Robert Mueller’s investigation into Russian interference in the 2016 election. As part of his plea deal, he admitted he talked to Trump about the Moscow deal more times than he had previously stated and also briefed Trump family members.

Sater said giving big-name celebrities free units in new buildings is “a standard marketing trick in real estate.” He said he tried a similar marketing trick in the mid-2000s, while working on a residential project in Montenegro, when Madonna was to perform at a concert.

He said he tried to give Madonna a free unit, thinking that if potential buyers heard Madonna may live there “everyone would want to live there.” It didn’t work, but he said he got a lot of publicity out of it.

In Moscow, “I decided to go after the biggest celebrity in Russia,” Sater said.

Madonna couldn’t immediately be located for comment.

About the Author
By Bloomberg
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

Patricia Camden is EY Studio+ Customer Experience and Loyalty Leader
CommentaryConsulting
EY: we found your biggest AI blind spot. It’s called the ‘tempo gap’
By Patricia Camden and John DuboisJune 20, 2026
2 hours ago
PHILADELPHIA, PA - OCTOBER 11: Marques Colston #12 of the New Orleans Saints stands on the field before a football game against the Philadelphia Eagles at Lincoln Financial Field on October 11, 2015 in Philadelphia, Pennsylvania.
InvestingSports
A Saints legend is selling fans a piece of professional sports for $500
By Eva RoytburgJune 20, 2026
2 hours ago
Photo of Jensen Huang
SuccessCareers
Nvidia CEO Jensen Huang says electricians and plumbers will be needed by the hundreds of thousands in the new working world
By Preston ForeJune 20, 2026
2 hours ago
A man helps a woman pick meat in the grocery store
EconomyFood and drink
Beef is becoming a luxury as prices stay at record highs. They likely won’t come down until 2028, says Farm Bureau
By Jacqueline MunisJune 20, 2026
2 hours ago
Photo of Basant Shenouda
SuccessThe Interview Playbook
Gen Z grad landed a job at LinkedIn by waitressing at a conference full of recruiters and handing out her résumé during breaks—now she works at Google
By Orianna Rosa RoyleJune 20, 2026
2 hours ago
p
CommentaryInternet
GoDaddy Corporate Domains chief: The next Internet land rush is happening right now
By Phil LodicoJune 20, 2026
2 hours ago

Most Popular

Jeff Bezos pledged $10 billion for climate change. With the 2030 clock ticking, his wife, Lauren Sánchez Bezos, is leading the charge to spend it
Environment
Jeff Bezos pledged $10 billion for climate change. With the 2030 clock ticking, his wife, Lauren Sánchez Bezos, is leading the charge to spend it
By Sydney LakeJune 19, 2026
1 day ago
Anne Hathaway says she was spammed with ChatGPT-written thank you notes after hiring for a recent role: ‘Nobody on that list gets that job’
Success
Anne Hathaway says she was spammed with ChatGPT-written thank you notes after hiring for a recent role: ‘Nobody on that list gets that job’
By Orianna Rosa RoyleJune 18, 2026
2 days ago
The affordability crisis is so bad that, for the first time ever, both mom and dad are working full-time in most American families
Economy
The affordability crisis is so bad that, for the first time ever, both mom and dad are working full-time in most American families
By Jacqueline MunisJune 17, 2026
3 days ago
Microsoft boss Steve Ballmer publicly dismissed Chrome as a 'rounding error'—but Google’s CEO says he used the jab as fuel to win the browser-wars
Success
Microsoft boss Steve Ballmer publicly dismissed Chrome as a 'rounding error'—but Google’s CEO says he used the jab as fuel to win the browser-wars
By Preston ForeJune 17, 2026
3 days ago
Exclusive: Azzi Fudd joins Project B, the international league chasing a billion-dollar opportunity in global basketball
MPW
Exclusive: Azzi Fudd joins Project B, the international league chasing a billion-dollar opportunity in global basketball
By Emma HinchliffeJune 19, 2026
24 hours ago
The man who lived through the fall of the Soviet Union and helped wealthy Chinese move to Canada sees a familiar picture in America
Success
The man who lived through the fall of the Soviet Union and helped wealthy Chinese move to Canada sees a familiar picture in America
By Nick LichtenbergJune 17, 2026
3 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.