Donald John Trump is a man who has achieved great success thanks to his ambition, courage and hard work. His life story is incredibly interesting and diverse. In addition to being popular and recognized as a political leader, he is also a prosperous real estate entrepreneur, billionaire and writer from New York. Trump is the author of a series of books on self-development and business, some of which have become bestsellers. Read about how he achieved all of this and what he is remembered for during his presidency at new-york-yes.
Childhood and education
The 45th president of America, Donald John Trump, was born on June 14, 1946 in New York. His father, Frederick Trump, who owned several construction companies, fostered the boy’s interest in real estate. Donald’s mother, Mary Anne, was a homemaker who took care of him and his older sisters and brother. She also engaged in volunteer activities. In addition, it is known that their grandparents came from Germany. They moved to the United States in 1885 and became American citizens.
Donald Trump received his secondary education at Kew-Forest School in Queens. At 13, he continued his studies at the New York Military Academy. There, he achieved his first triumph by becoming one of the top athletes and captain of the baseball team who earned numerous awards.
In 1964, he graduated from the academy and decided to continue his father’s business. He started purchasing and selling real estate and dreamed of creating his own construction empire. Trump enrolled at Fordham University but transferred to the Wharton School of the University of Pennsylvania two years later. After completing his studies, he received a bachelor’s degree in economics and began working for his father’s company.
Business
Supported by his father, Donald’s career took off rapidly, making him a successful entrepreneur. He made a 100% profit from his first project, the apartment complex Swifton Village. It is known that Trump Jr. invested $6 million in it and then sold the complex for $12 million. His father sold and rented property only to the middle class. It allowed him to save on taxes and get assistance from the city government. At the same time, his son Donald preferred to work with representatives of the upper class. He wanted to organize the construction of real estate for wealthy individuals.
At his initiative, the company’s office moved to Manhattan in 1971. There, Trump began to expand his circle of clients and business partners. He got acquainted with politicians, bankers, billionaires, oil tycoons and company presidents. Soon, he achieved his desired goals and began signing million-dollar contracts. In 1974, Trump won the tender and then bought out the Commodore Hotel. The building was in a terrible condition, but the aspiring entrepreneur promised the city authorities to restore it. Six years later, the hotel opened its doors to visitors. Trump became well-known and gained a reputation as a reliable person to do business with.
After that, he was inspired by the idea of taking on a larger project, the 68-story skyscraper Trump Tower. It was built on Fifth Avenue at the intersection of 56th Street. The construction of this building was completed in 1983 and was recognized as the tallest skyscraper in the city. It symbolized American luxury and became a popular brand that brought fame to Donald’s name. Many skyscrapers, parks, hotels, casinos and golf courses in different countries around the world were named after Trump.
In addition to real estate, Donald had other businesses. He was a co-owner of beauty pageants in the United States, which also helped him gain popularity. Moreover, he launched his own line of clothing, fragrances and household goods.
In 1986, Forbes magazine estimated his fortune at $700 million. Still, he did not always benefit from his business and investments. In 1989-1997, he had many debts. For example, he had to pay 600 million dollars after he bought a stock of shares of Resorts International for $96.2 million. Donald also purchased the Plaza Hotel, with over $100 million in investments being borrowed funds. He was unable to redeem credits by 1989.
In 1991, Trump’s business empire was on the verge of bankruptcy. However, he managed to significantly reduce expenses and profitably sell his yachts, plane, helicopter and other property. Trump also received favorable conditions for repaying his loan funds. Thus, by 1993, he repayed a large portion of his $900 million debt. Besides, he had to withdraw from the Trump Shuttle airline, but in return, he was able to retain ownership of the Trump Tower and three casinos in the USA.
From the 1990s, his real estate business began to bring him large profits again. Then, he merged his casinos into one company and continued to pay off debts. In 1997, Trump rejoined the billionaire club.
Election campaign
In the 80s, Americans predicted that Trump would be president, but at that time, he struggled to determine his political priorities. It was only in 2009 that he made a choice and joined the Republican Party. In 2011, a successful businessman from New York was offered to run for office, but he declined because he wanted to continue managing his business. For the next few years, he combined work in a political party with real estate investments and new projects.
However, in 2005, he changed his plans by announcing that he was running for president. The slogan of his campaign was: “Make America Great Again!”. A year later, at the Republican convention, he became the official candidate for president of the United States. During the election campaign, Trump visited several American cities, where he gave his speech to the public.
He also encouraged holding rallies to attract attention and support his candidacy. His speech was always candid and simple, not being ashamed of his statements, he stood out from other presidential candidates. He talked about the economy, healthcare and immigrants and proposed reforms to improve the quality of life for Americans. He promised to build a wall on the border with Mexico as well.
His presidential activities
In January 2017, Trump won the election and became the 45th president of America. That day, he signed the first decrees, including the elimination of healthcare reform known as Obamacare. He communicated with servicemen from Afghanistan and delivered a speech to CIA employees. In his first days in the office, he called on to reduce production abroad and expand it in the United States. He issued executive orders on border security, immigration and improving conditions for small businesses.
During his term from 2017 to 2021, he carried out many reforms and held meetings with representatives from other countries. Specifically, he simplified the approval procedure for new drugs, strengthened migration policy rules, imposed a lifetime ban on lobbying for civil servants, influenced price lowering, reduced crime rate and much more.
Private life and hobby
Donald Trump is not only an ambitious politician and businessman but also a heartthrob. He has been married three times. In 1977, Trump married his first wife, Ivana Marie, who was a fashion model. They divorced in 1992. In 1993, he wed Marla Ann Maples, with whom he broke up a few years later. In 2004, Trump proposed to Melania Knavs when she turned 34 years old.
After two divorces and his third marriage, the 45-year-old US president has many heirs, 5 children and 10 grandchildren. Besides his family life, Donald dedicates his free time to hobbies and outdoor activities. He plays golf and is a member of the Winged Foot Golf Club. He enjoys listening to music as well, especially his favorite artists, Frank Sinatra, Tony Bennett and Elton John.