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Donald Trump

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Donald Trump

Donald Trump (the President of the USA) was a real estate developer and businessman who owned and managed buildings in New York City and across the globe. Trump’s name is affiliated with a variety of retail ventures, including branded apparel, perfume, food, furniture companies, and Trump University, which provided real estate courses from 2005 to 2010. Trump’s organization,

 

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The Trump Organization, encompassed 500 enterprises in various sectors, including hotels and resorts, residential constructions, consumer items, and entertainment and television. President Trump is the only President to have been impeached twice: once for abuse of power and obstruction of Congress in the Ukraine scandal, and again in 2021 for “incitement of insurrection” in connection with a violent mob of Trump supporters storming the US Capitol during a joint session of Congress. The Senate acquitted Trump on both impeachment grounds.

Lebenslauf and Berufslauf

Trump was the fourth child of Fred Christ Trump and Mary MacLeod, a wealthy real estate developer. Maryanne Trump Barry, the Trump family’s oldest sister, served as a federal district court judge from 1983 to 1999 and then a Third Circuit judge until 2011. After a short stint working for his father’s corporation, Frederick Jr. began his career as an airline pilot in the 1960s. Freddy died in 1981, at the age of 43, of alcoholism.



Fred Trump began building hundreds of single-family homes and rowhouses in Queens and Brooklyn in the late 1920s and thousands of apartments, predominantly in Brooklyn, in the late 1940s. During WWII, he constructed houses for sailors and shipyard employees in Virginia and Pennsylvania. In 1954, the Senate Banking Committee investigated Fred for allegedly abusing the loan-guarantee system by overestimating his building expenditures to get bigger commercial bank loans and keep the difference. In 1954, Fred testified before a Senate committee that he constructed the Beach Haven apartment complex in Brooklyn for $3.7 million less than his guaranteed loan.

 

Trump attended New York Military Academy

Trump attended New York Military Academy (1959–64), Fordham University (1964–66), and the Wharton School of Finance and Commerce at the University of Pennsylvania (1966–68). He was diagnosed with bone spurs during the Vietnam War in 1968, allowing him to avoid conscription (he had earlier received four draught deferments for education). Following college, Trump started working full-time for his father’s organization, where he oversaw the firm’s 10,000 to a 22,000-unit rental property portfolio. In 1974, he was chosen as President of the Trump Organization, a holding company for Trump-owned enterprises and partnerships.

 

Several racial discrimination complaints were filed against Trump-owned apartment buildings in New York City, Cincinnati, Ohio, and Norfolk, Virginia, in the 1960s and early 1970s. In 1973, the Trump Organization was sued by the US Justice Department for allegedly breaching the Fair Housing Act (1968) by operating 39 residential complexes in New York City. The Trumps first sued the Justice Department for $100 million, claiming that the department’s image had been harmed. Two years later, without admitting wrongdoing, the Trumps negotiated an arrangement.

 

Donald Trump grew his father’s company

Donald Trump grew his father’s company in the late 1970s and early 1980s by investing in luxury hotels and residential complexes in Manhattan and Atlantic City, New Jersey. He relied heavily on his father’s financial assistance and political connections in New York City to accomplish this. He acquired the dilapidated Commodore Hotel near Grand Central Station in 1976 as part of a complicated profit-sharing arrangement with the city that gave a 40-year tax discount on commercial property.

 

Trump made significant casino investments in Atlantic City during the 1980s, including Harrah’s at Trump Plaza (1984), Trump’s Castle Casino Resort (1985), and the Trump Taj Mahal (1990), which at the time was the world’s biggest casino. Additionally, the Trump Organization acquired the defunct United States Football League’s New Jersey Generals, Mar-a-Lago, a 118-room Palm Beach mansion built in the 1920s by cereal heiress Marjorie Merriweather Post, a 282-foot yacht called the Trump Princess, and the Trump Shuttle, an East Coast air-shuttle service.

 

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Czech model Ivana Zelnková Winklmayr 

Trump married Czech model Ivana Zelnková Winklmayr in 1977, and the couple produced three children together: Donald Jr., Ivanka, and Eric. Their marriage and Trump’s business dealings were front-page news in New York in the 1980s. Trump married Marla Maples in 1993, shortly after Tiffany was born. In 1999, their divorce was finalized. Trump married Slovenian model Melania Knauss in 2005, and their son Barron was born in 2006. Melania Trump became the country’s second foreign-born first lady after Trump’s inauguration in 2017.



Several of Trump’s companies failed due to the 1990 recession, and he quickly had difficulties repaying his $5 billion loan, which he guaranteed for $900 million. Trump was obliged to sell the Trump Princess, take out second or third mortgages on practically all of his properties, and live on a personal budget of $450,000 per year as part of a restructuring arrangement with various banks. Despite these safeguards, Trump’s Trump Taj Mahal hotel and two other casinos and his New York City Plaza Hotel declared bankruptcy in 1991 and 1992. Following that, he was refused business by the majority of essential banks.

 

It aided the economy’s recovery in the late 1990s and the decision of Frankfurt-based Deutsche Bank AG to enter the US commercial real estate sector. Deutsche Bank lent Trump hundreds of millions of dollars for New York’s Trump World Tower (2001) and Chicago’s Trump International Hotel and Tower (2001). (2009). When local resistance compelled Trump to transform his Mar-a-Lago estate into a private club in the early 1990s, which debuted in 1995, he floated an idea to his creditors.

 

Universe Organization

Trump acquired the Miss Universe Organization, which produced the Miss Universe, Miss USA, and Miss Teen USA beauty pageants, in 1996 via NBC. Trump’s casino ventures continued to struggle: Trump Hotels & Casino Resorts declared bankruptcy in 2004, and Trump Entertainment Resorts, which Trump Entertainment Resorts rebranded, declared bankruptcy in 2009.

 

Donald Trump reaped substantial financial benefits from the popularity of The Apprentice, a reality television series that earned him over $200 million over 16 years. Trump “fired” one or more of the competitors fighting for a lucrative one-year contract as a Trump employee in each episode of the Emmy-nominated program. In 2008, the program was renamed The Celebrity Apprentice, with celebrities appointed as candidates.

Donald Trump

The Presidency of Donald Trump

Donald Trump immediately started issuing executive orders to fulfill campaign pledges and convey a sense of urgency. Trump’s first executive order, issued in anticipation of the ACA’s “rapid repeal,” mandated eliminating any “unwarranted economic and regulatory costs.” Five days later, he authorized the Homeland Security Secretary to begin planning to construct a wall along the country’s southern border. Former executive branch personnel was prohibited from “lobbying” for five years under a presidential ethics directive; however other Obama-era lobbying prohibitions were lessened or repealed.



Aesthetics and wording

Trump’s demeanor was unmatched by any other prominent person in contemporary American history. Since he was a well-known personality in the New York real estate industry, Trump was fiercely competitive and wanted to demonstrate his success and achievements to others. To be sure, he has always nurtured and cherished his reputation as a shrewd businessman, which he used during real estate negotiations and later pushed as a brand in the 1990s.

 

Apart from that, he exhibited a solid sensitivity to criticism—a predisposition to punish anyone who deceived or damaged him, in his opinion. Former White House counsel Roy Cohn repeatedly advised Trump not to apologize and always strike back harder than you are attacked, as Trump put it in The Art of the Deal. “Whenever someone strikes me, I always fight back…but tenfold harder,” he tweeted in 2012. It is not a rant but a way of life!”

 

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