Donald Trump

Donald Trump Basic Information

Donald Trump Biography

Donald John Trump was born at Jamaica Hospital in Queens, New York City, on June 14, 1946. From kindergarten through the seventh grade, he was a student at the private Kew-Forest School. He attended the private boarding school New York Military Academy when he was 13. He started attending Fordham University in 1964. He transferred to the University of Pennsylvania’s Wharton School two years later, graduating with a B.S. in economics in May 1968. To prevent the release of his academic records, Trump’s attorney Michael Cohen 2015 threatened legal action against Trump’s high school, colleges, and the College Board.

Trump was a student in college during the Vietnam War and was granted four deferments from the draft. He was deemed healthy enough to serve following a medical examination in 1966, and a draft board approved him to enlist in the military in July 1968. However, he was given a conditional medical deferment known as 1-Y in October 1968, and due to bone spurs, he was reclassified as 4-F in 1972, rendering him permanently ineligible for service.

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Family

Parents

He was the fourth child born to Mary Anne MacLeod Trump, a Scots immigrant, and Fred Christ Trump, a successful real estate developer from the Bronx whose parents were German immigrants.

Siblings

Trump grew up in the Jamaica Estates neighbourhood of Queens with his older siblings Maryanne, Fred Jr., and Elizabeth and his younger brother Robert. Frederick Jr. (Freddy), his older brother, began his career as an airline pilot in the 1960s after working temporarily for his father’s company. Freddy passed away at the young age of 43 in 1981 due to his alcoholism. Maryanne Trump Barry, Donald’s oldest sister, later held positions as a judge on the U.S. Court of Appeals for the Third Circuit and a district court judge in the United States (1983–1999) before retiring in 2011.

Children

He had three children—Donald Jr. (1977), Ivanka (1981), and Eric(1984)—with Czech model Ivana Zelnková. Tiffany, a daughter, was born to him in 1993 with actress Marla Maples, and Barron, a son, was born in 2006 with model Melania Knauss.

Wife

The marriage of Donald Trump and Czech model Ivana Zelnková took place in 1977. Three children, Donald Jr., Ivanka, and Eric, were born to them. In 1988, Ivana received citizenship in the United States. Unfortunately, Trump’s adultery with actress Marla Maples caused their marriage to end in 1990. Then, in 1993, Trump married Maples; they divorced in 1999. Tiffany, born in 1993, was primarily raised by Marla in California. Trump married Slovenian model Melania Knauss 2005, and the couple welcomed a son, Barron, in 2006. In 2006, Melania acceded to citizenship.

Lifestyle

The Miss Universe Organization, which hosts the Miss Universe, Miss USA, and Miss Teen USA pageants, was purchased by him in 1996. He joined forces with the National Broadcasting Company as a joint partner 2003. (NBC). He was appointed executive producer and host of the wildly popular NBC reality program “The Apprentice.” Following its success, he and British TV producer Mark Burnett co-produced the program “The Celebrity Apprentice.” Trump Hotels and Casino & Resorts announced a debt restructuring on October 21, 2004, which resulted in a drop in ownership from 56% to 27%. In November, the business filed for Chapter 11 protection and emerged from bankruptcy shortly after as “Trump Entertainment Resorts Holdings.”

Trump Financial, Trump Sales and Leasing, Trump Entrepreneur Initiative, Trump Restaurants, Go TRUMP, Donald J. Trump Signature Collection, etc., are just a few of the products he promoted under the Trump name. Additionally, he was paid $1.5 million for each hour-long presentation he gave for “The Learning Annex.” Donald Trump’s Real Estate Tycoon is a business simulation video game he owns. Trump had ambitions to run for office. He intended to run as a third-party candidate for the US presidency in the 2000 elections. He considered running for President in the Republican Party in 2004 and 2008; in 2006, he thought about doing the same for governor of New York as a party representative. After registering with the Democratic Party in 2001 and running for office, he chose to identify as a Republican in 2009.

His involvement in politics increased between 2010 and 2012 after he announced that he was considering running for President again. His political reputation was damaged by his affiliation with the “Birther issue,” a group firmly believing that Obama was not born in the US. But he persisted in opposing Obama on several political fronts.

He gave Benjamin Netanyahu his support during the Israeli elections in January 2013. Moreover, he delivered a keynote address at the 2013 Conservative Political Action Conference (CPAC). In June 2015, Trump declared his intention to run as a Republican for President. He quickly became the front-runner for his party’s nomination due to his outgoing personality, successful business career, and media presence. At the 2016 Republican National Convention, he received a formal nomination for President.

His campaigning was centred on domestic issues like illegal immigration, crime, Islamic terrorism, the offshoring of American jobs, and the national debt, and his slogan, “Make America Great Again,” connected with the people of the United States. While many of his campaign strategies drew criticism, they also ensured he received unheard-of media attention. He was charged with fabricating information and lying during his campaign speeches. Major media outlets such as “Politico,” “The Washington Post,” “The New York Times,” and “Los Angeles Times” all rebuked him and called his statements outright lies.

He adopted a populist political stance while running for President and backed a loose interpretation of the Second Amendment. He received support from several groups for his tax plan, which called for lowering the corporate tax rate to 15% and replacing the Affordable Care Act (also known as “Obamacare”) with an alternative free-market plan. Trump’s campaign, though, was full of controversy. He was the subject of numerous allegations of sexual misconduct, and the media criticized him for using crude and sexist language. A 2005 audio recording of him boasting about forcibly kissing and groping women significantly impacted his popularity. He quickly apologized in front of the public to repair his reputation.

On November 8, 2016, he defeated Hillary Clinton in the general election to win the presidency of the United States, despite all of his critics and the negative press that followed him. On January 20, 2017, Donald Trump became the 45th President of the United States of America.

Several contentious decisions marked Donald Trump’s presidency. He revoked the Affordable Care Act (also known as “Obamacare”), withdrew from the TPP talks, and authorized building a wall along the US border with Mexico. The economy flourished under his administration, and he reduced both corporate and individual income tax rates. His management of the COVID-19 pandemic was appalling and caused the deaths of many Americans. After it was discovered that Donald Trump had asked Ukraine to look into his political rival Joe Biden, he was impeached by the House of Representatives in December 2019. The Senate cleared him of the charge, though.

Ghostwriters have written up to 19 books on business, finance, or political subjects under Trump’s name. His debut book, “Art of the Deal,” was a New York Times bestseller in 1987. Even though Trump was listed as a co-author, Tony Schwartz wrote the book. The book “expanded Trump’s renown far beyond New York City, making him an emblem of the successful tycoon,” according to The New Yorker. Trump has cited the book as his second favourite book after the Bible.

He is a philanthropist and has given to the following organizations: Veterans for America’s Paralyzed, Police Foundation of New York, Project Wounded Worrier, and Fund for the Los Angeles Police Memorial. He has also donated to the charities his “The Apprentice” guest stars supported and promoted. The Make-A-Wish Foundation and St. Jude Children’s Research Hospital are some examples.

Net Worth

Several news outlets have estimated his wealth. As of April 12, 2023, Forbes pegs its value at $2.5 billion, despite Trump’s much higher claims. Trump’s father gave him gifts, loans, and an inheritance. Real estate ventures, such as hotels, casinos, and golf courses, have been his main line of business.

Cars

A few examples of the high-end luxury vehicles in his collection are a Royce Royce Silver Cloud, a Lamborghini Diablo, a Mercedes-Benz SLR Mclaren, a Tesla Roadster, a Cadillac Allante, a Ferrari F430, etc. He also owns private jets and aeroplanes.

House

He owns a three-story, $100 million penthouse in New York. He also holds a 39000-square-foot mansion in Bedford, New York. The mansion has a white marble indoor pool and sixty rooms. It has a bowling alley, a fountain, and a formal garden. In addition to this, he also owns numerous apartments. In Florida, he is the owner of a resort and a residence. He resided in The White House in Washington, DC, with his wife, Melania Trump, and son after being sworn in as President. His Mar-a-Largo mansion in Palm Beach is one of the most exquisite in the region.

Businesses

Trump is a businessman and real estate developer who owned, managed, or had his name licensed to hotels, casinos, golf courses, resorts, and residential properties in the New York City region and abroad. Since the 1980s, Trump has also given his name to various retail endeavours, including branded clothing, cologne, food, and furniture. His Trump University, from 2005 to 2010, provided real estate education seminars.

His private conglomerate, the Trump Organization, included 500 companies at the beginning of the twenty-first century. He was engaged in various industries, including hotels and resorts, residential properties, merchandise, entertainment, and television. He was elected President of the Trump Organization in 1974, a grouping of businesses and partnerships owned by Donald Trump.

Donald Trump significantly grew his father’s business in the late 1970s and early 1980s by investing in opulent hotels and homes and relocating its geographic focus to Manhattan and later Atlantic City, New Jersey. He heavily relied on his father’s financial support, including loans, gifts, and other financial assistance, and his father’s political connections in New York City. He acquired the dilapidated Commodore Hotel close to Grand Central Station in 1976 thanks to a complicated profit-sharing deal with the city that included a 40-year property tax abatement, the city’s first-ever tax break for a commercial property.

Using a construction loan, his father and the Hyatt Corporation, which joined the project as a partner, guaranteed Trump renovated the structure and reopened it as the 1,400-room Grand Hyatt Hotel in 1980. Trump Tower, an office, retail, and residential complex built in collaboration with the Equitable Life Assurance Company, was inaugurated by him in 1983. Trump’s Manhattan residence and the Trump Organization’s central office were eventually located in the 58-story structure at Fifth Avenue and 56th Street. The Trump Plaza residential cooperative, the Trump Parc luxury condominium complex, and the 19-story Plaza Hotel, a historic landmark for which Trump paid more than $400 million, were among the other Manhattan properties that Trump developed in the 1980s.

Trump made significant investments in the Atlantic City casino industry in the 1980s, eventually building the Trump Taj Mahal (1990), the largest casino in the world at the time, and Harrah’s at Trump Plaza (1984), which was later renamed Trump Plaza. In that time, Trump also bought the New Jersey Generals, a member of the short-lived United States Football League, Mar-a-Lago, a 118-room mansion in Palm Beach, Florida, built in the 1920s by cereal heiress Marjorie Merriweather Post, a 282-foot yacht at the time known as the Trump Princess, and Trump Shuttle, an East Coast air shuttle service.

Many of Donald Trump’s businesses suffered in the 1990 U.S. economic recession, and he soon encountered financial difficulties in repaying his $5 billion debt, of which $900 million was personally guaranteed. Trump was compelled to give up his airline, which was acquired by US Airways in 1992, sell the Trump Princess, take out second or third mortgages on almost all of his properties and reduce his ownership stakes in them, and agree to live on a personal budget of $450,000 annually as part of a restructuring agreement with several banks.

Despite these precautions, the Trump Taj Mahal declared bankruptcy in 1991, followed by the collapse of two additional casinos owned by Trump and his New York City Plaza Hotel in 1992. Most significant banks refused to do business with him again after those setbacks. Trump’s net worth during this time was estimated to be between $1.7 billion and $900 million less.

The later 1990s saw a more robust economy, and the Frankfurt-based Deutsche Bank AG’s decision to enter the U.S. commercial real estate market helped Trump’s fortunes turn around. Trump received hundreds of millions of dollars in credit from Deutsche Bank in the late 1990s and early 2000s for projects like the Trump International Hotel and Tower (2009) in Chicago and the Trump World Tower (2001) in New York. Trump proposed to his creditors in the early 1990s to turn his Mar-a-Lago estate into a posh housing development with several more miniature mansions. Still, local opposition compelled him to change it into a private club inaugurated in 1995.

Trump acquired the Miss Universe Organization, which produced the Miss Universe, Miss USA, and Miss Teen USA beauty pageants in 1996 in collaboration with the NBC television network. However, Trump’s casino ventures kept failing. In 2004, his company Trump Hotels & Casino Resorts declared bankruptcy after several of its properties racked up unsustainable debt, and the same company, now known as Trump Entertainment Resorts, repeated default in 2009.

Beginning in the middle of the 2000s, Trump benefited significantly financially from the popularity of The Apprentice, a reality television series in which he starred and which brought in nearly $200 million for him over 16 years. The Emmy-nominated program furthered Trump’s reputation as a shrewd businessman and self-made billionaire by featuring episodes in which he “fired” one or more contestants vying for a lucrative one-year contract as an employee. The show was reimagined in 2008 as “The Celebrity Apprentice,” with celebrities from the news and entertainment as contestants.

Education

Donald Trump attended a private school called Kew-Forest School from kindergarten through the seventh grade. Later, he attended the private boarding school New York Military Academy (1959–1964), Fordham University in the Bronx (1964–1966), and the University of Pennsylvania’s Wharton School of Finance and Commerce (1966–1988), where he earned a bachelor’s degree in economics. He received a diagnosis of bone spurs in 1968, during the Vietnam War, and was granted a medical exemption from the military draft (he had earlier received four draft deferments for education). After graduating, Trump started working full-time for his father’s company, where he assisted in managing its rental housing holdings, which are thought to number between 10,000 and 22,000 units. In 1974, he was elected president of the Trump Organization, a grouping of businesses and partnerships owned by Donald Trump.

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