West Palm Beach was originally founded via a $45,000 real estate deal by railroad businessman Henry Flagler to serve as the residence of servants of wealthy families in nearby Palm Beach Island. These servants were at that time working for two hotels in Palm Beach Island. However, West Palm Beach has grown in influence over the years to become a major area for real estate development. The most famous of the real estate structures you may find in West Palm Beach is the Trump Plaza built by well-known, well-feared and aggressive real estate mogul Donald Trump.