Who is Donald Trump and What is his net worth? Donald Trump is the 45th President of the United States of America. He was a businessman and television personality before being elected as the President of the United States.
Donald Trump is known for his controversial beliefs and the 2017 unexpected presidential win. He is the biggest name in the real estate world. He also owned the Miss USA and Miss Universe pageants until the year 2015. Forbes listed Trump as the 544th richest person on earth. He has also filed for bankruptcy many times during his career.
Donald John Trump was born on June 14th, 1946 to a wealthy family. His father Frederick “Fred” Christ Trump was a prominent real estate developer and philanthropist from New York. At the age of 15, Fred began a career in home construction and sales with the help of his mother, Elizabeth Christ Trump, and investors. Elizabeth Christ Trump was a German-born business woman. She is considered as the matriarch of the Trump family by many. She was born in the Kallstadt, Kingdom of Bavaria. Elizabeth was the daughter of vineyard owner Philipp Christ and his wife, Anna Maria Christ. She married Frederick Trump, his father in the year 1902.
Donald Trump’s grandfather left his father and his family a fortune of $31,359. His grandmother had a remarkable talent for keeping the real estate business going in spite of his grandfather’s unfortunate death. She remained close with Fred throughout her life. His grandfather Friedrich Trump was born on March 14, 1869. He died of influenza on May 27, 1918. He moved to the United States at the age of 16. Initially, he used to work as a barber and made a fortune from the Klondike Gold Rush. He also worked as a hotel manager and started acquiring real estates in Queens, New York. The immigration records show that Fredrick has recorded his name as Friedr Trumpf. He changed his last name to Trump to make it easy for American’s to pronounce.
Trump’s mother Mary Anne MacLeod was born in a village in Scotland, United Kingdom. In the 1930s Trump’s mom met Fred Trump and fell in love with him. She had been a domestic servant in her early life. The couple married in January 1936. The couple had four kids together, Fredrick Jr., Elizabeth, Donald, and Robert.
Trump was born at the Jamaica Hospital Medical Center located in Queens, New York City. His ancestors originate from the village of Kallstadt in Palatinate, Germany on his father’s side. His mother’s family hails from the Outer Hebrides Isles of Scotland. Donald Trump’s uncle John was a notable physicist and inventor. He has been married three times and has five children and eight grandchildren. Trump married his first wife Czech model Ivana Zelníčková in the year 1977. They had three children together Donald Jr., Eric, and Ivanka. Ivana also rose to become the vice president of the Trump organization. The couple divorced in the year 1990 after Donald’s affair with actress Marla Maples was exposed. The affair led to the birth of their daughter Tiffany in 1993. They married two months after the birth of their daughter. The couple divorced in 1999 following their separation in 1997.
Post-divorce Trump started dating Slovene model Melania Knauss. In the year 2005, the couple got married and had a son named Barron. Little Barron is fluent in English and Slovenian. Upon becoming the president, Trump delegated the management of his business to Eric and Donald Trump. His daughter Ivanka left the organization to join her father in Washington. Her husband Jared Kushner is the senior advisor at the White House.
The Trump family were originally Lutherans from Germany. Trump’s elder sister is a federal appeals court judge but is now inactive. Trump does not drink, smoke or do drugs. His elder brother Fred Jr. suffered from alcoholism and died as a result of it in 1981. Trump began his career in the real estate business by getting a loan of a million dollars from his father. He paid back the loan with interest. He is one of the richest politicians on earth.
Taking advantage of his celebrity status, Trump appeared on the NBC reality series The Apprentice. In 2012, Trump tried to flirt with politics. He expressed his concern that President Barack Obama was not born in America. Trump made his White House ambitions clear on 2015. He announced that he would run for president on the Republican ticket. Trump expressed some very controversial views on immigration and terrorism. He became increasingly popular with Americans for not being politically correct and being direct during his campaigns. He promised to make America great again. His controversial statements and views made him lose support from his party members. But Trump’s popularity only increased with elections nearing.
Trump is strongly against Obamacare, a defender of free speech, and the 2nd Amendment gun rights. He has promised to bring American jobs back to America and reform inner cities. Trump sharply criticized Hillary Clinton and said she symbolizes death, destruction, weakness, and terrorism. He called her crocked Hillary for her shady deals and dishonesty. Trump strongly opposes globalism and believes it is taking away American jobs and making the people poor. He was the first president to mention the LGBTQ community in his speech. In December 2016 Time magazine named Donald Trump the Person of the Year.
Education: Trump grew up in New York. He attended the Kew-Forest School till seventh grade. He was enrolled in the New York Military Academy by his parents. In 1964 he entered Fordham University in the Bronx. In 1966 he transferred to Wharton School of the University of Pennsylvania. In 1968 he graduated with a graduate degree in Economics.
Donald Trump Net Worth
According to Forbes Donald Trump is worth $3.7 billion. He claims to be worth around $10 billion. Forbes listed him as the 544th wealthiest man on earth. The Trump Hotel Collection and real estate licensing had brought in about $128 million in the year 2014. He received his father’s $200 million fortune which was evenly split amongst his siblings. He owns hotels, buildings, casinos, 16 golf courses, and residential complexes around the world. He also earned good amount of money from his books and TV ventures. Trumps spend around $54 million in his presidential campaign.
Donald Trump Business Model:
When Trump was a student at the University of Pennsylvania, he began his career at his father’s company. That time the company was called Elizabeth Trump and Son. After he had become the president of the company, he renamed it The Trump Organization. In 1978, Trump successfully did his first real estate deal in Manhattan. He remodeled the hotel Hyatt Hotel Chain, and it reopened as the Grand Hyatt. He also finished negotiations to develop Trump Tower in Midtown Manhattan. The building was done in 1983 and houses Trump’s residence and the headquarters of The Trump Organization. Trump acquired the Plaza Hotel which is located in Manhattan in the year 1988 for the unbelievable price of $400 million. He helped the hotel get four-star status and sold it in 1995 following the divorce with his then first wife, who took care of the operation.
Trump became actively involved in large building projects in Manhattan that helped him earn high profits. His attractive architectural designs won his public recognitions. Trump is often said to be master of negotiations. He always listens to what the other’s has to say. In 1978 New York Times called him the master of negotiation following his first success in the real estate business. He successfully acquired the Mar-a-Lago estate in Palm Beach in the year 1985 for $5 million. He reportedly spent $3 million furnishing it. He also turned it into a private club selling memberships for $150,000. He invested in the casino industry. Trump opened his first chain of casinos after acquiring some land in Atlantic City. He purchased the largest casino hotel in the world the Taj Mahal at Atlantic City. It opened in 1990 and closed in 2016 due to bankruptcies. In 1985 Trump purchased 76 acres on the West Side of Manhattan, and he built the complex Television City. He bought the place for $88 million.
Donald Trump owns many expensive properties around the world. He owns luxury cars, private jets, ships, and golf courses. Donald Trump has a Georgian-style mansion in Bedford worth $7.5 million. Trump resides in one of the most luxurious places in the world in the world The Trump tower. It is a 30,00 sq ft penthouse decorated ostentatiously. The architecture is worth $300 million.
Trump brought Kluge Estate Winery and Vineyard for $19 million in an auction after they run into losses. The property was estimated to worth $70 million before the financial crisis. He owns four golf courses in America. The Trump National Golf Club in LA is the most famous on of the four. It is worth $264 million. He brought the course for only $27 million in 2006. He owns the Mar-A-Lago estate which is worth $10 million today. It was built for presidents. It is one of the most luxurious estates in the US. Trump also owns a $100 million Boeing 757 private jet. It was brought from Microsoft co-founder Paul Allen. He decorated it in Trump style. It is one of the most beautiful private jets in the world. He owns a Sikorsky S-76B, helicopter worth $10 million. Trump has been spotted driving Mercedes-Benz SLR McLaren and a Rolls Royce Phantom.
Donald Trump is one of the most controversial figures in American politics. His success is crucial and will determine his future stance in the American political arena. Trump’s influence can be felt around the world. His win is symbolic to the rise right winged parties in Europe and America. The rise of Marie Penn in France, Brexit, and the west’s attitude to integration and terrorism is changing with the rise of Trump. The left has lost its plot, and their policies are becoming increasingly unpopular with the people in the west. He success in the 2017 election confirms it. Trump’s success and stand would determine the future shape of world politics and conflicts in the Middle East and the world.