Trump invites Palm Beachers to dinner with French president


President Donald Trump and first lady Melania host their first state dinner and the White House on Tuesday evening that Palm Beach was well represented.

Among the guests with ties to Palm Beach:

Stephen Schwarzman, chief of Blackstone and Trump confidant, who  owns a $32.9 million estate at 1768 S. Ocean Blvd. 

Schwarzman, who has a net worth of $12.6 billion, is ranked 117th on the Forbes’ 2018 list of the world’s billionaires, released in March. Trump is ranked 766th with $3.1 billion.

Financier Henry Kravis, 74, who owns a 5.61-acre estate facing the Intracoastal Waterway, about a block south of the Palm Beach Country Club. 

When Kravis bought the estate for $50 million in 2006, the transaction set a record that still stands as the highest price ever paid for an Intracoastal Waterway property in Palm Beach.

PHOTOS: President Trump, Melania host first state dinner at the White House

Kravis is ranked 365th on the Forbes list, with a net worth of $5.3 billion. 

Treasury Secretary Steven Mnuchin qualifies as a Palm Beacher because his family trust owns a place at Sloan's Curve. Mnuchin’s mother was a Bernie Madoff investor.

Commerce Secretary Wilbur Ross, who owns a mansion on El Vedado, which has a total market value of nearly $23 million. Forbes removed Ross from its billionaires list this year after conducting an investigation into Ross' finances. In 2017 Forbes pegged his fortune at $2.5 billion, but today lists it as $700 million. 

 


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