Name | Donald Trump |
---|---|
Birth name | Donald John Trump |
Birth date | June 14, 1946 |
Birth place | Queens, New York City,New York, U.S. |
Occupation | *Chairman & president of The Trump Organization Chairman of Trump Plaza Associates, LLC Chairman of Trump Atlantic City Associates Host of The Apprentice |
Years active | 1968–present |
Salary | $60 million (2010-11) |
Networth | US$2.7 billion (2011) |
Nationality | American |
Alma mater | Fordham UniversityUniversity of Pennsylvania (B.S.) |
Party | Republican (1987–99; 2009–present) Democratic (2001–09) Reform Party (1999–2000) |
Spouse | Melania Trump (2005–present) Marla Maples (1993–99) Ivana Trump (1977–92) |
Children | Donald Trump Jr. (b. 1977)Ivanka Trump (b. 1981)Eric Trump (b. 1984)Tiffany Trump (b. 1993)Barron Trump (b. 2006) |
Residence | Trump Tower, Manhattan |
Religion | Presbyterian |
Signature | Donald Trump Signature.svg |
Website | }} |
Donald John Trump, Sr. (born June 14, 1946) is an American business magnate, television personality and author. He is the chairman and president of The Trump Organization. Trump is also the founder of Trump Entertainment Resorts, which operates numerous casinos and hotels worldwide. Trump's extravagant lifestyle and outspoken manner have made him a celebrity for years, and more recently with his NBC reality show The Apprentice, where he serves as host and executive producer.
Trump is the fourth of five children of Fred Trump, a real-estate tycoon and developer based in New York City. Donald was inspired to follow his father into real-estate development, and began working on projects for his father's real-estate firm while still in college. Upon his graduation from the Wharton School of the University of Pennsylvania in 1968, Trump formally joined his father's company, Elizabeth Trump & Son. He took the helm in 1971 and renamed it The Trump Organization.
In 2010, Trump expressed interest in becoming a candidate for President of the United States in 2012. On May 16, 2011, he announced he would not run. On May 23, he stated he has not completely ruled out running if no viable Republican Party candidate emerges. In 2011, Trump ranked No. 17 on the Forbes Celebrity 100 list.
Trump attended the Kew-Forest School, Forest Hills, New York, as did some of his siblings. At age 13 after having some difficulties there, his parents sent him to the New York Military Academy (NYMA), hoping to direct his energy and assertiveness in a positive manner. At NYMA, in upstate New York, Trump earned academic honors, and played varsity football in 1962, varsity soccer in 1963, and varsity baseball from 1962 to 1964 (baseball captain 1964). The baseball coach, Ted Dobias, a local celebrity for his work with area youth, awarded him the Coach's Award in 1964. Promoted to Cadet Captain-S4 (Cadet Battalion Logistics Officer) in his senior year, Trump and Cadet First Sergeant Jeff Donaldson (NYMA class of 1965; West Point 1969) formed a composite company of cadets, taught them advanced close-order drill, and marched them down Fifth Avenue on Memorial Day in 1964. Trump attended Fordham University for two years before transferring to the Wharton School of the University of Pennsylvania. He graduated in 1968 with a Bachelor of Science in economics.
In his book, Trump: The Art of the Deal, Trump discusses his undergraduate career: "After I graduated from the New York Military Academy in 1964, I flirted briefly with the idea of attending film school... but in the end I decided real estate was a much better business. I began by attending Fordham University... but after two years, I decided that as long as I had to be in college, I might as well test myself against the best. I applied to the Wharton School at the University of Pennsylvania and I got in... I was also very glad to get finished. I immediately moved back home and went to work full time with my father."
Trump married Melania Knauss, his third (and current) wife, at the Episcopal church of Bethesda-by-the-Sea, in a "traditional ceremony". Their son, Barron, was baptized in that church.
In September 2010, Trump expressed on Anderson Cooper's show on CNN, his "suspicions of ulterior motives at the imam running the project" known as Park51, claiming the imam was "using religion" (meaning Islam) to get a good price for the real estate. He also appeared on Fox's Hannity, and said much the same. Trump was quoted by the New York Post that, while he "is a 'big believer in freedom of religion,' ... his personal opinion was that the mosque should not be built close to Ground Zero ...". After Trump offered in a letter to buy the two-building site for more than $6 million in order to end the general controversy, the lawyers for the majority stakeholder, according to the Post, "blasted Trump's letter offering to buy the site as a publicity stunt."
Trump does not drink alcohol.
In 1977, Trump married Ivana Zelníčková and together they have three children: Donald Jr. (born December 31, 1977), Ivanka (born October 30, 1981), and Eric (born January 6, 1984). They were divorced in 1992.
In 1993, he married Marla Maples and together they had one child, Tiffany (born October 13, 1993). 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 (), a native of 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. Melania gave birth to a boy named Barron William Trump, Trump's fifth child, on March 20, 2006.
In 2007, Trump became a grandfather when son Donald Jr. and his wife Vanessa welcomed a daughter Kai Madison and again in 2009 when grandson Donald Trump III was born. In 2011, it was announced that Trump will be a grandfather for the third time by way of his daughter, Ivanka. Ivanka Trump welcomed daughter Arabella Rose Kushner on July 17, 2011. Donald Jr's wife is expecting her third child.
In March 1990, Trump threatened to sue Janney Montgomery Scott, a stock brokerage, whose analyst made negative comments on the financial prospects of Taj Mahal. The analyst refused to retract the statements, and the firm fired him. The firm denied being influenced by Trump's threat. Taj Mahal declared bankruptcy for the first time in November 1990. The analyst was awarded $750,000 by arbitration panel against his firm for his termination. A defamation lawsuit by the analyst against Trump for $2 million was settled out of court.
This expansion, both personal and business, led to mounting debt. Much of the news about him in the early 1990s involved his much publicized financial problems, creditor-led bailout, extramarital affair with Marla Maples (whom he later married), and the resulting divorce from his first wife, Ivana Trump.
The late 1990s saw a resurgence in his financial situation and fame. In 2001, he completed Trump World Tower, a 72-story residential tower across from the United Nations Headquarters. Also, he began construction on Trump Place, a multi-building development along the Hudson River. Trump owns commercial space in Trump International Hotel and Tower, a 44-story mixed-use (hotel and condominium) tower on Columbus Circle. Trump currently owns several million square feet of prime Manhattan real estate, and remains a major figure in the field of real estate in the United States and a celebrity for his prominent media exposures.
In 1971 Trump moved to Manhattan, where he became convinced of the economic opportunity in the city, specifically large building projects in Manhattan that would offer opportunities for earning high profits, utilizing attractive architectural design, and winning public recognition. Trump began by landing the rights to develop the old Penn Central yards on the West Side, then – with the help of a 40-year tax abatement by the financially strained New York City government, which was eager to give tax concessions in exchange for investments at a time of financial crisis – turned the bankrupt Commodore Hotel into a new Grand Hyatt.
He was also instrumental in steering the development of the Javits Convention Center on property he had an option on. The development saga of the Javits Convention Center brought Trump into contact with the New York City government when a project that he had estimated could have been completed by his company for $110 million ended up costing the city between $750 million and $1 billion. He offered to take over the project at cost, but the offer was not accepted.
A similar opportunity would arise in the city's attempt to restore the Wollman Rink in Central Park, a project started in 1980 with an expected 2½-year construction schedule that was still, with $12 million spent, nowhere near completion in 1986. Trump offered to take over the job at no charge to the city, an offer that was initially rebuffed until it received much local media attention. Trump then was given the job which he completed in six months and with $750,000 of the $3 million budgeted for the project left over.
Trump was also involved with the old USFL, a competitor to the NFL, as owner of the New Jersey Generals. In addition, Trump at one time acted as a financial advisor for Mike Tyson, hosting Tyson's fight against Michael Spinks in Atlantic City.
On November 2, 1992, the Trump Plaza Hotel was forced to file a prepackaged Chapter 11 bankruptcy protection plan after being unable to make its debt payments. Under the plan, Trump agreed to give up a 49% stake in the luxury hotel to Citibank and five other lenders. In return Trump would receive more favorable terms on the remaining $550+ million owed to the lenders, and retain his position as chief executive, though he would not be paid and would not have a role in day-to-day operations.
By 1994, Trump had eliminated a large portion of his $900 million personal debt and reduced significantly his nearly $3.5 billion in business debt. While he was forced to relinquish the Trump Shuttle (which he had bought in 1989), he managed to retain Trump Tower in New York City and control of his three casinos in Atlantic City. Chase Manhattan Bank, which lent Trump the money to buy the West Side yards, his biggest Manhattan parcel, forced the sale of the tract to Asian developers. According to former members of the Trump Organization, Trump did not retain any ownership of the site's real estate – the owners merely promised to give him about 30 percent of the profits once the site was completely developed or sold. Until that time, the owners of The West Side Yards gave him modest construction and management fees to oversee the development, and allowed him to put his name on the buildings that eventually rose on the yards because his well-known moniker allowed them to charge a premium for their condos.
Trump was elected to the Gaming Hall of Fame in 1995.
In 1995, he combined his casino holdings into the publicly held Trump Hotels & Casino Resorts. Wall Street drove its stock above $35 in 1996, but by 1998 it had fallen into single digits as the company remained profitless and struggled to pay just the interest on its nearly $3 billion in debt. Under such financial pressure, the properties were unable to make the improvements necessary for keeping up with their flashier competitors.
Finally, on October 21, 2004, Trump Hotels & Casino Resorts announced a restructuring of its debt. The plan called for Trump's individual ownership to be reduced from 56 percent to 27 percent, with bondholders receiving stock in exchange for surrendering part of the debt. Since then, Trump Hotels has been forced to seek voluntary bankruptcy protection to stay afloat. After the company applied for Chapter 11 Protection in November 2004, Trump relinquished his CEO position but retained a role as Chairman of the Board. In May 2005 the company re-emerged from bankruptcy as Trump Entertainment Resorts Holdings.
On February 17, 2009 Trump Entertainment Resorts filed for Chapter 11 bankruptcy; Trump stating on February 13 that he would resign from the board. Trump Entertainment Resorts has three properties in Atlantic City.
Trump's unsuccessful libel lawsuit against author Timothy L. O'Brien, for O'Brien's estimating his net worth at less than $250 million, was dismissed in 2009. In the lawsuit it was revealed that in 2005, Deutsche Bank valued Trump's net worth at $788 million, to which Trump objected.
In 2006 Trump purchased a 1,400-acre (5.7 square km) plot in Aberdeenshire, Scotland. Trump plans to turn this land into the Trump International Golf Links, Scotland (TIGLS). Work began on the site in July 2010.
There has been opposition from some locals and negative reaction from environmental groups, but the project continues. It was strongly supported by some local business leaders but met opposition from some local campaigners and from environmental groups anxious to preserve the 4,000-year-old sand dunes that are designated an SSSI (Site of Special Scientific Interest). Though recommended for approval by Aberdeenshire Council officials, the development was initially rejected by a local subcommittee of elected members. However it was subsequently approved following a controversial planning inquiry ordered by the Scottish Government in June 2008, at which Trump personally testified.
In March 2009 the Trump Organisation had asked the Council to use its powers of compulsory purchase to acquire some areas of land at Balmedie not forming part of the original TIGLS site for which planning permission already existed. These included four family-owned properties. In response, local campaigners established Tripping Up Trump – a movement aimed at protecting the families at Menie being threatened with eviction. At the end of January 2011 Trump appeared to deny in a media statement that there had ever been an eviction threat, declaring "we have no interest in compulsory purchase and have never applied for it."
Trump has succeeded in marketing the Trump name on a large number of products, including Trump Financial (a mortgage firm), Trump Sales and Leasing (residential sales), Trump University (a business education company), Trump Restaurants (Located in Trump Tower and consisting of Trump Buffet, Trump Catering, Trump Ice Cream Parlor, and Trump Bar), GoTrump (an online travel website), Donald J. Trump Signature Collection (a line of menswear, men's accessories, and watches), Donald Trump The Fragrance (2004), Trump Ice bottled water, Trump Magazine, Trump Golf, Trump Institute, Trump The Game (1989 Board Game), Trump Vodka, and Trump Steaks. In addition, Trump reportedly receives $1.5 million for each one-hour presentation he does for The Learning Annex.
In April 2011, it was reported that Trump was in the process of negotiating a deal with New York City to reopen the historic Tavern on the Green restaurant in Central Park.
In December 2006, talk show host Rosie O'Donnell criticized Trump's lenience toward Miss USA, Tara Conner, who had violated pageant behavioral guidelines. This sparked a tabloid war between the two celebrities which lasted for several weeks thereafter.
Trump filmed a cameo appearance for the 2010 Wall Street: Money Never Sleeps.
In March 2011, Trump was the subject of a Comedy Central Roast. The special was hosted by Seth MacFarlane, and roasters included Larry King, Snoop Dogg, and Anthony Jeselnik among regular roast participants. Trump's daughter Ivanka was seen in the audience. In April 2011, Trump attended the White House Correspondents' Dinner, featuring comedian Seth Meyers. President Obama used the occasion to present several prepared jokes mocking Trump.
For the first year of the show Trump was paid $50,000 per episode (roughly $700,000 for the first season), but following the show's initial success, he is now paid a reported $3 million per episode, making him one of the highest paid TV personalities. In 2007, Trump received a star on the Hollywood Walk of Fame for his contribution to television (The Apprentice).
Along with British TV producer Mark Burnett, Trump also put together The Celebrity Apprentice, where well-known stars compete to win money for their charities. While Trump and Burnett co-produced the show, Trump stayed in the forefront, deciding winners and "firing" losers.
On June 15, 2009, as part of a storyline, McMahon announced on WWE Raw that he had 'sold' the show to Donald Trump. Appearing on screen, Trump confirmed it and declared he would be at the following commercial-free episode in person and would give a full refund to the people who purchased tickets to the arena for that night's show in the amount of USD $235,000. McMahon "bought back" Raw on June 22, 2009. His entrance theme "Money, Money" was written by Jim Johnston.
For 2004 and 2008, Trump speculated about running for President in the Republican party and for 2006 considered running for governor of New York as a representative of the party In October 2007, Trump appeared on Larry King Live and delivered a strong criticism of then-United States President George W. Bush, particularly concerning the Iraq War. He speculated that Rudy Giuliani and Hillary Clinton could win the Republican and Democratic Presidential nominations, respectively, and voiced some support for either of them being elected President. He expressed doubt, on CNN's The Situation Room at the time, over whether a candidate for President could win the election by supporting a continued escalation of the war in Iraq.
On September 17, 2008, Trump officially endorsed John McCain for the U.S. Presidency on Larry King Live.
Trump again registered as a Republican in 2009 after having registered with the Democratic Party in 2001. Trump said in an interview in 2007, "I'm very much independent in that way. I go for the person, not necessarily the party. I mean, I vote for Republicans and I vote for Democrats."
Since the 1990 U.S. elections, Donald Trump has made contributions to campaigns of both Republican Party candidates (including John McCain, Rudolph Giuliani, Newt Gingrich, and George W. Bush) as well as Democratic Party candidates (including Ted Kennedy, John Kerry, Tom Daschle, Joe Biden, Harry Reid, Rahm Emanuel, Hillary Clinton, Anthony Weiner, Charles Schumer, Kirsten Gillibrand, and Charles Rangel).
Speaking to an audience in Boca Raton, Florida on April 16, 2011, Trump said that voter reaction to George W. Bush's performance as U.S. President was the cause for the election of his successor, Barack Obama, and further that Obama would probably be known as the worst president in U.S. history.
Trump's present political stances include being pro-life, against same-sex marriage, anti-gun control, advocating the repeal and replacement of Patient Protection and Affordable Care Act, anti-foreign aid; and supporting a fair trade policy and believing generally that the People's Republic of China should be considered more of an adversarial competitor, subjected to significant import tariffs as a response to China's currency manipulation in order to help balance the U.S. budget. He also believes the U.S. should disengage in Iraq and Afghanistan.
His campaign has been reported by some media as a possible promotional tool for his reality show The Apprentice. Time.com had the headline "Donald Trump Begins Not Running For President" and the Huffington Post was similarly skeptical of whether he would run.
Regardless of this skepticism, Trump has quietly chosen to participate in the “Politics and Eggs” forum at the New Hampshire Institute of Politics at Saint Anselm College, a popular spot for presidential candidates visiting New Hampshire. This scheduled visit is important because the event is taking place in mid June 2011, supposedly after Trump had been supposed to make his decision whether to or not to run.
On April 23, 2011, the New York-based TV station NY1 reported that Trump had not voted in primary elections in New York City for a span of 21 years, beginning after the city's mayoral primary in 1989, an accusation he has denied. A City election board spokeswoman confirmed the story.
On May 5, 2011, Trump announced he would not be the celebrity pace-car driver for the 2011 Indy 500 as was previously announced a month earlier by the Indianapolis Motor Speedway (on April 5, 2011.) Trump stated he made the decision because of business constraints, but there had been a fan campaign for the Speedway to instead name a racing celebrity to the position and a Speedway press release stated that Trump cancelled because of his intention to run for President.
On May 16, 2011, Trump announced he would not run for president.
On May 23, 2011, Trump stated that he hasn't ruled out running for president, adding: "The country is so important, so vital that we choose the right person, and at this moment, I don't see that person."
Trump has promoted conspiracy theories about Obama's citizenship status in media appearances, and been criticized for this. In an NBC-TV interview broadcast April 7, 2011, Trump said he was not satisfied that Obama had proven his citizenship.
In an April 2011 NBC interview, Trump claimed he had sent people to Hawaii to investigate Obama's citizenship, commenting "they cannot believe what they're finding." On Anderson Cooper 360° on CNN, April 25, 2011, Trump said he wanted Obama to end the issue by releasing his long-form Certificate of Live Birth (distinct from the short-form Certification of Live Birth – Hawaii's prima facie evidence of birth), adding, "I've been told very recently ... the birth certificate is missing."
On April 27, 2011, the long-form of Obama's birth certificate was released by the White House. Obama said it should put the matter to rest; that the nation had more pressing problems to solve and could not afford to be "distracted by side shows and carnival barkers". Trump expressed pride at his role in the release of the long-form certificate in a press conference followup. Public Policy Polling described the events as "one of the quickest rises and falls in the history of presidential politics", reporting: :"Trump really made hay out of the 'birther' issue and as the resonance of that has declined, so has his standing. In February we found that 51% of Republican primary voters thought Barack Obama was not born in the United States. Now with the release of his birth certificate only 34% of Republican partisans fall into that camp, and Trump's only in fifth place with that now smaller group of the electorate at 9%."
Category:1946 births Category:American billionaires Category:American socialites Category:American business writers Category:American chief executives Category:American entertainment industry businesspeople Category:American game show hosts Category:American people of German descent Category:American people of Scottish descent Category:American Presbyterians Category:American real estate businesspeople Category:Businesspeople from New York City Category:Businesspeople in the casino industry Category:Businesspeople in construction Category:Businesspeople in real estate Category:Conspiracy theorists Category:Fordham University alumni Category:Living people Category:New York Military Academy alumni Category:New York Republicans Category:Participants in American reality television series Category:People from Queens Category:People from Manhattan Category:People from Palm Beach, Florida Category:Trump family Category:United States Football League executives Category:United States presidential candidates, 2000 Category:Wharton School alumni
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