Wednesday, September 23, 2009

Donald Trump


Donald Trump

Early Life-:

Donald Trump, popularly known as 'The Donald', was born in New York in June 14,1946. After completing his high school education at the New York Military academy with, Trump attended Fordhand University for two years, after which he transferred to Wharton School at UPENN. From there, he graduated in 1968, with a Bachelor of Science in economics and focus on finance, before joining his family's real estate business.

Family-:
Trump's mother Mary Anne was born on the Isle of Lewis. She left Tong, Scotland in 1930 aged 18 for a holiday in New York, met a local builder, and stayed. Born in Queens, New York, United States, Trump has four siblings - two brothers (Fred Jr., who is deceased, and Robert) and two sisters (Maryanne and Elizabeth). His older sister, Maryanne Trump Barry, is a federal appeals court judge and the mother of David Desmond, who is a neuropsychologist and writer.

In 1977, Trump married Ivana Zelničkova (later Ivana Trump) and together they have three children: Donald, Jr., Ivanka, and Eric. They were divorced in 1992. In 1993, he married Marla Maples and together they had one child, Tiffany. They divorced on June 8, 1999. In a February 2008 interview on ABC's Nightline Trump commented on his ex-wives by saying, "I just know it's very hard for them (Ivana and Marla) to compete because I do love what I do. I really love it."

On April 26, 2004, he proposed to Melania Knauss (Melanija Knavs in Slovenian, later Melania Knauss-Trump) from Slovenia. Trump and Knauss (who is 24 years Trump's junior) married on January 22, 2005, at Bethesda by the Sea Episcopal Church on the island of Palm Beach, Florida, followed by a reception at Trump's Mar-A-Lago estate. Neither Melania nor Trump is an Episcopalian.Melania gave birth to a boy named Barron William Trump, Trump's fifth child. Trump became a grandfather when son Donald Jr. and his wife Vanessa welcomed a daughter named Kai Madison. Trump became a grandfather of two after Donald Jr. and Vanessa had their second child and first son, Donald John Trump III.

Career-:

Donald claims his father to have been his mentor since he was a boy, and credits him for helping Donald develop a sound business sense since his younger days. His father, in turn, was impressed with his son's business prowess and stated "everything he seems to touch turns to gold".

At first, Donald concentrated on his father's preferred field of middle class rental housing, but when he moved to Manhattan in 1971, Trump recognized huge economic opportunities in the city. Having already gained the necessary business skills in real estate business, while working under his fathers wing, Donald shifted his attention on the Manhattan real estate scenario. He started by landing rights to develop the old Penn Central yards on West Side and then with help of certain tax abatements, invested in developing the Commodore Hotel into a new Grand Hyatt. Trump went on to own some of the most prestigious properties in the city, such as the Trump Casino, Trump International Hotel, Trump Marina Hotel and Casino, Trump Taj Mahal Casino Resort and Trump Tower. Trump pays special attention to branding. His properties have the Trump name displayed prominently and the "T" symbol is placed all over their important areas.

By 1989, recession left Trump unable to meet loan payments. He began financing his further developments with high interest bonds, in hopes of making enough money in time to be able to sustain the business. But all didn't go as planned and in 1990s, Trump suddenly faced bankruptcy, and was $900 million in personal debt, while his business faced a further debt that went into billions. Trump was forced to reduce his holdings and exchange stock with bond holders in return for surrendering debt. But by 2005, the company re emerged from bankruptcy, rechristened Trump Entertainment Resorts Holdings, and has several projects underway.


Besides Trump Empire-:

Besides real estate, Trump's interests include entertainment, gaming and sports. He is a co-owner of three very famous beauty pageants, which are, Miss Universe, Miss USA and Miss Teen USA. He has also authored several best-sellers, including The Art of the Deal, The Art of Survival and How to get Rich.

He has appeared in several television shows and is a prominent socialite, appearing in various media events. In 2004, Donald starred in his reality TV show, titled 'The Apprentice'. The programme has the selected candidates pit their business abilities against others, with the ultimate objective of becoming Trump's apprentice. They would be rewarded with a high level managerial job in one of Trump's ventures. The programmes ratings went off the charts, making Trump an instant world-wide celebrity among millions of viewers. The programme also helped him land a star on the Hollywood Walk of Fame.

During the 2000 elections in USA, Trump publicly announced his inclination towards running for President, though he later decided against it.

Trump has been an a member of various civic and charitable organizations, and is known to be a generous philanthropist.

In 2005 he formed the Trump University, which teaches business students online. Courses focus on real estate investing, being a successful entrepreneur, business management, and career success.

Golf course-:

Trump testified in June 2008, as first witness at the Aberdeen Exhibition and Conference Centre (AECC) inquiry (ordered by Scottish ministers) after an Aberdeenshire Council committee denied his plans to build a £1billion golf resort north of Aberdeen, at the Menie Estate. Environmental groups and local campaigners opposed the bid in which part of the course would be built on sand dunes that are a Site of Special Scientific Interest (SSSI), though business leaders supported the would-be golf course.Trump stated the site "had the potential to be the greatest golf course in the world."

Hobbies-:

Trump is an enthusiastic golfer, with a low single-figure handicap. He is a member of the Winged Foot Golf Club in Mamaroneck, New York, and also plays regularly at the other courses he owns and operates.[34]

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