In 1991, when crime was high in New York City and public opinion of Central Park was much lower than today, Donald Trump applied for a trademark on the name "Central Park" and got it. He has held on to, and profited from, a widening variety of trademarks ever since, slapping the name Central Park first on parking garages, then onto furniture, pillows, pencil boxes, "non-electric coffee percolators," chandeliers, keychain, and other items. And Trump paid no more than the filing fee to become the single largest private for-profit trademark holder of Central Park trademarks for specific goods.
Alan Garten, general counsel for The Trump Organization, declined to tell The Associated Press how much money Trump has earned from his Central Park trademarks, only saying that "Mr. Trump, over the course of his career, has owned and developed some of the most iconic buildings in the city, many of which... sit only footsteps away from Central Park." The park is operated by both New York City and the private Central Park Conservancy, which can sell items like umbrellas with the official Central Park logo. Neither the city nor the Conservancy can revoke Trump's trademarks, though the city has tried and failed to derail several trademark applications but found no way to, NY1 reports.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
The world's 10 richest familiesIn Depth From Middle Eastern monarchs to M&M magnates, these are the most fabulously wealthy clans on Earth
-
5 apps to help with travel budgetingThe Week Recommends Track expenses while on the go
-
Emil Bove: The start of a MAGA judiciary?Feature President Trump's former personal attorney is on the verge of being confirmed by Senate Republicans
-
Samsung to make Tesla chips in $16.5B dealSpeed Read Tesla has signed a deal to get its next-generation chips from Samsung
-
FCC greenlights $8B Paramount-Skydance mergerSpeed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
-
Tesla reports plummeting profitsSpeed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits
-
Dollar faces historic slump as stocks hit new highSpeed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
-
Economists fear US inflation data less reliablespeed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
-
Crypto firm Coinbase hacked, faces SEC scrutinySpeed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress codespeed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
Warren Buffet announces surprise retirementspeed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
