The 70-year-old President-elect of the United States of America Donald Trump is one of the most successful real estate developers in the world. He started off with his father Fred Trump‘s company in the 1970s and is a mutli-billionaire now. According to the Forbes magazine, Trump is worth $3.7 billion. However, the real estate mogul claims himself to be worth around $10 billion.
Real Estate
When it comes to Donald Trump’s business career, real estate developing tops his venture list. He had already started working for his father’s company as a high schooler in 1962. Then, he continued his further education at Fordham University and Wharton School of UPenn, Philadelphia. After graduating from Wharton, Trump again joined his father’s real estate developing company. Subsequently, he was appointed as the president of the company and renamed it as ‘The Trump Organisation’.
Donald Trump started off his career with early Manhattan development. His major works included the remodeling of Grand Hyatt Hotel. Then, he inaugurated his most iconic building The Trump Tower in 1983. Donald Trump values the building at $2 billion. Besides, The Trump Organisation led several other projects in Manhattan, including the acquiring of Plaza Hotel for $400 million in 1988.
Likewise, Trump also ventured into building casinos. He started buying several renowned properties in Atlantic City and furnishing them to build attractive casinos. The Taj Mahal casino was opened at a cost of $1.1 billion in 1990.
It’s very unlikely to see smooth financial successes in a business man’s life. Donald Trump wasn’t an exception either. His properties were declared bankrupt several times. Trump Taj Mahal, Mar-a-Lago, Trump Plaza Hotel and Casino, Plaza Hotel, Trump Castle Hotel and Casino were declared bankrupt in the early 90s. then, in 2004, Trump Hotels and Casino Resorts faced a financial bubble, followed by Trump Entertainment Resorts in 2009.
Despite such financial discouragements, Trump has always been able to bounce back. His organization manages 18 golf courses around the world. And, the number is speculated to rise with recent business successes.
Other ventures
As a billionaire businessman, Trump has invested in diverse fields in various parts of the world. As an avid sports fan, Trump has invested in several sporting activities – from acquiring American Football League teams to hosting boxing championships. Likewise, as an admirer of women’s beauty, Trump has remained a sole owner of beauty pageants, including Miss Universe, Miss USA, and Miss Teen USA. Moreover, Trump established Trump Model Management in 1999 and has opened opportunities for women around the world to excel in modeling.
Likewise, as an admirer of women’s beauty, Trump has remained a sole owner of beauty pageants, including Miss Universe, Miss USA, and Miss Teen USA. Moreover, Trump established Trump Model Management in 1999 and has opened opportunities for women around the world to excel in modeling.
One of the most controversial Trump ventures is the Trump University. The educational institution was supposedly established to impart high-level real estate developing education. However, the organization faced numerous lawsuit and had to be closed in 2010. Trump paid around $25 million as a compensation.
As only a few people might know or remember, Trump is also a competent hugely selling write. His book Trump: The Art of The Deal sold 1 million copies all around the world. The proceedings were donated to Donald J Trump Foundation. Although Trump has earned a fortune, he doesn’t seem to have donated a lot – not even via his own foundation.
Looking at Trump’s professional career, we see a man who saw several ups and downs but never stopped at any of those crests or troughs. He always strived to achieve more. That’s what makes him one of the most successful persons in the world.
Now, Trump is in White House, his son’s Eric Trump and Donald Jr. handles all his business.
