This article contains Chinese text. Without proper rendering support, you may see question marks, boxes, or other symbols instead of Chinese characters.

The Honourable Sir Ka-shing Li 李嘉誠 GBM, KBE, JP
Li Ka-shing inspecting the construction site of Shantou University in 1984.
Born	(1928-06-13) 13 June 1928 (age 84) Chaozhou, Guangdong, China
Ethnicity	Asian
Citizenship	Hong Kong Canada
Education	High school dropout[1]
Occupation	Chairman of Cheung Kong Holdings, Hutchison Whampoa and Li Ka Shing Foundation
Net worth	US$ 25.5 billion (2012)[2]
Spouse	Chong Yuet Ming (Deceased)
Children	Victor Li Richard Li
Awards	Justice of the Peace (1981) LL.D. (1986) D. SSc (1995)

Sir Ka-shing Li, GBM, KBE^[3], JP (born 13 June 1928 in Chaozhou, China)^[4][5] is a Hong Kong business magnate and philanthropist, widely considered one of the most influential businessmen in Asia. His companies were involved in real estate, ports, and infrastructure, among other ventures. He is the richest person of Asian descent in the world and the ninth richest person in the world with an estimated wealth of US $25.5 billion as of 2012. Presently, he is the chairman of Hutchison Whampoa Limited (HWL) and Cheung Kong Holdings; through them, he is the world's largest operator of container terminals and the world's largest health and beauty retailer.^[6]

Considered one of the most powerful figures in Asia, Li was named "Asia's Most Powerful Man, Li Ka-Ching" by Asiaweek in 2001. His companies make up 15% of the market cap of the Hong Kong Stock Exchange.^[7] Forbes Magazine and the Forbes family honoured Li Ka-shing with the first ever "Malcolm S. Forbes Lifetime Achievement Award" on 5 September 2006, in Singapore.^[8] In spite of his wealth, Li has cultivated a reputation for leading a no-frills lifestyle, and is known to wear simple black dress shoes and an inexpensive Seiko wristwatch, which is at odds with the house he owns in one of Hong Kong's most expensive precincts, Deep Water Bay in Hong Kong Island. Li is also regarded as one of Asia's most generous philanthropists, donating over US $1.41 billion to date to charity and other various philanthropic causes.^[9]

Li is often referred to as "Superman" in Hong Kong because of his business prowess.^[10]

Early life and career[link]

Li Ka-shing was born in Chaozhou in Guangdong province, China in 1928 of Teochew descents. In 1940 the Li family fled to Hong Kong to avoid turmoil on the Mainland.^[11] Li was born into a poor family who fled mainland China for Hong Kong in 1940 after Japanese invasions. Without much formal education, Li began his career in Hong Kong as a salesman and eventually formed a plastics company, Cheung Kong. Business boomed throughout the 1950s, when Cheung Kong began making artificial flowers and exporting them to the United States. As the firm prospered, Li began to acquire property at a rate that by the late 1970s made him Hong Kong’s leading private developer.

In 1979 Li became the first Chinese businessman to buy one of the large British-owned local trading companies when he purchased a controlling interest in Hutchison Whampoa. Under his leadership, Hutchison emerged as the world’s largest independent operator of ports. The company also bought out Husky Oil in Canada and set up mobile-phone operations in Australia, Europe, and the United States. Among Li’s other ventures was an Internet service, Tom.com, that proved highly popular in China.

Li's father died in Hong Kong. Shouldering the responsibility of looking after the family's livelihood, Li was forced to leave school before the age of 15 and found a job in a plastics trading company where he labored 16 hours a day. By 1950 he was able to start his own company, Cheung Kong Industries. From manufacturing plastics, Li led and developed his company into a leading real estate investment company in Hong Kong that was listed on the Hong Kong Stock Exchange in 1972. Cheung Kong expanded by acquiring Hutchison Whampoa and Hongkong Electric Holdings Limited in 1979 and 1985 respectively.^[11]

Business career[link]

A Harvard Business School article summarises Li's career in the following way:

From his humble beginnings in China as a teacher’s son, a refugee, and later as a salesman, Li provides a lesson in integrity and adaptability. Through hard work, and a reputation for remaining true to his internal moral compass, he was able to build a business empire that includes: banking, construction, real estate, plastics, cellular phones, satellite television, cement production, retail outlets (pharmacies and supermarkets), hotels, domestic transportation (sky train), airports, electric power, steel production, ports, and shipping.^[12]

Characteristic of Li’s approach to business was the way Hutchison made money in the mobile-phone business in the United Kingdom. After getting a foot in the door by investing in a money-losing phone operation called Rabbit, Hutchison launched a service called Orange that was later sold for £8.83 billion ($14.6 billion). Shortly thereafter, Hutchison jumped back into the telecommunications business in the United Kingdom, acquiring a license for a wireless Internet service. For Li, making money involved identifying potentially lucrative technologies before they became lucrative, investing in them, and then selling when the properties hit peak value.

Li's businesses cover almost every facet of life in Hong Kong, from electricity to telecommunications, from real estate to retail, from shipping to the Internet. The Cheung Kong Group's market capitalisation is HK $647 billion (US $82.9 billion) as of December 2009. (This includes some double counting of the Group’s controlling stake in 12 listed companies around the world.) The group operates in 55 countries and employs over 260,000 staff worldwide.

Plastics manufacturing[link]

In 1950, after learning how to operate a plant, Li founded a plastics manufacturing company in Hong Kong with funds borrowed from family and friends and contacts he cultivated as a salesman. Li avidly read trade publications and business news before deciding to supply the world with high quality plastic flowers at low prices. Li learned the technique of mixing colour with plastics that resemble real flowers. After retooling his shop and hiring the best technicians he could find, he prepared for weeks for the plant visit of a large foreign buyer. Impressed with the quality of Li's plant, the buyer placed a large order. A few years later, Li grew to be the largest supplier of plastic flowers in Asia and made a fortune selling them.^[13]

Real estate[link]

In 1958, unable to renew the lease for his company, Li was forced to purchase and develop a site by himself. An opportunity to acquire land arrived after the 1967 riots were in full swing when many people fled Hong Kong. As a result, property prices plummeted. Li, believing the political crisis would be temporary, and property prices would eventually rise, bought parcels of land at low prices. By 1971, Li officially named his real estate development company Cheung Kong (長江實業), named after Cheung Kong, (Chang Jiang or the Yangtze River) the longest river in China.^{[citation needed]}

Cheung Kong Holdings was publicly listed in Hong Kong Stock Exchange in 1972. During board meetings, Li stated on a number of occasions his goal of surpassing the Jardines-owned Hongkong Land as a leading developer.^[14]

The successful bid by Cheung Kong for development sites above the Central and Admiralty MTR stations in 1977 was the key to challenging Hongkong Land as the premier property developer in Hong Kong. Despite its size, Jardines decided in the 1980s to protect itself from hostile takeover by Li or other outside investors. The company implemented a cross-shareholding structure that was designed to place control in the hands of Britain's Keswick family despite their less than 10% holdings in the group. In 1984, the company also moved its legal domicile from Hong Kong to another British overseas territory – Bermuda, in anticipation of the transfer of sovereignty of Hong Kong to Communist China in 1997.^{[citation needed]}

Ports and electricity[link]

In 1979, Li closed a unique transaction and acquired his current flagship company Hutchison Whampoa Limited from HSBC. The purchase created a massive conglomerate with business interests in multiple industries. The most notable branch of his business is the investment in container port facilities around the world, including in Hong Kong, Canada (Deltaport in Vancouver), China, the United Kingdom, Rotterdam, Panama, Bahamas and many developing countries. In total, Li's businesses control 13% of all container port capacity in the world.^{[citation needed]}

Retail[link]

A subsidiary of Hutchison Whampoa, the A.S. Watson Group is a leading retail operator with over 7,800 stores. Its portfolio encompasses popular retail brands in Europe such as Superdrug (UK), Marionnaud (France), Kruidvat (Benelux countries), and in Asia including health & beauty specialist Watson's Your Personal Store, PARKnSHOP supermarkets, Great Food Hall, TASTE food galleria, gourmet boutique style fine food hall, Fortress electrical appliance stores, Watson’s Wine Cellars and Nuance-Watson airport duty free shops. ASW is also a major producer and distributor of water products and beverages in the region with Watsons Water the top selling brand in Hong Kong.^{[citation needed]}

Asset trader[link]

Hutchison Whampoa group has the reputation of being an astute asset trader. It frequently builds up new businesses and sells them off. Huge profits were obtained in the sale of its interest in Orange to Mannesmann Group in 2001, making a profit of $15.12 billion. In 2006 Li sold 20% of Hutchison's ports business to Singapore rival PSA Corp., making a $3.12 billion profit on a $4 billion deal.^[15]

Recently Hutchison Telecommunications, nearly 50 percent owned by Hutchison Whampoa, sold a controlling stake of 67% in Hutchison Essar, a joint venture Mobile operator in India, to Vodafone for $11.1 billion. It had invested roughly $2 billion earlier.^[16]

Pyramid structure[link]

Like many Asian conglomerates, the Li Ka-shing group is structured to retain disproportionate control without incurring the cost of owning an equivalent economic interest. This separation between control and interest is accomplished through pyramid structure, dual-class equities and cross-holdings.^{[citation needed]} While such structures are rarer in the US and UK, they do exist. For instance, Google uses a dual-class structure to give its founders and insiders 10 votes for each class-B share while the general public is offered class-A shares with 1 vote each.

Internet[link]

His investment company, Horizons Ventures bought a stake in doubleTwist.^[17] Li Ka Shing Foundation bought a 0.8% stake in social networking website Facebook for $120 million in two separate rounds.^[18][19] and invested an estimated $50 million in music streaming service Spotify.^[20] Some time between late 2009 and early 2010, Li Ka-shing led a $15.5 million Series B round of financing for Siri, an artificial intelligence based virtual personal assistant application for the iPhone.^[21]

Others[link]

Besides business through his flagship companies Cheung Kong Holdings and Hutchison Whampoa, Li Ka-shing also personally has extensively invested in real estate in Singapore and Canada. He was the single largest shareholder of Canadian Imperial Bank of Commerce (CIBC), the fifth largest bank in Canada until the sale of his share in 2005 (with all proceedings donated, see below). He is also the majority shareholder of a major energy company, Husky Energy, based in Alberta, Canada.^[22]

In January 2005, Li announced plans to sell his $1.2 billion CAD stake in the Canadian Imperial Bank of Commerce, with all proceeds going to private charitable foundations established by Li including the Li Ka Shing Foundation in Hong Kong and the Li Ka Shing (Canada) Foundation based in Toronto, Canada.^[23]

Li has some real estate interest in Vancouver, specifically in connection with Concord Pacific Developments that developed the old Expo '86 lands in Yaletown^{[citation needed]}, as well as Concord Park Place and CityPlace, Toronto in Toronto.

Personal life[link]

His two sons, Victor Li and Richard Li, are also prominent figures in the Hong Kong business scene. Victor Li works directly with his father as managing director and deputy chairman of Cheung Kong (Holdings) Limited, while Richard Li is the head of PCCW, the largest telecom company in Hong Kong. They are both Canadian citizens.

Li is famously plainly dressed for a Hong Kong tycoon. In the 1990s he wore a $50 timepiece from Citizen Watch Co. and plain ties. He now wears a Seiko.^[24]

Even at his age, Li remains physically fit, and says that no matter what time he sleeps at night, he gets up before 6 am each morning to play golf for about an hour and a half. His golfing partner is Hong Kong movie mogul Raymond Chow. Li says that during that time, '...the ninety minutes that I have are mine.' His preferable amount of time for sleep is eight hours. It is also said that he walks on the treadmill for fifteen minutes a day at noon and plans on rivalling Karl Albrecht in bidding for Leeds United.

Awards and honours[link]

• Grand Bauhinia Medal
• Knight Commander of the Order of the British Empire^[3]
• Commandeur, Légion d'honneur

Politics[link]

On 4 August 2011 at the interim results announcement for Hutchison Whampoa, Li endorsed Tang fir the forthcoming Chief Executive election and praised him for five full minutes.^[25][11] Then Li let slip and said "You all can be just like me, one-person-one-vote (一人一票)."^[26] The media then looked at Li in disbelief, and pointed out that regular citizens do not get one-person-one-vote.^[27] Li then tried to laugh it off and said "maybe in 2017 they will have one-person-one-vote to choose the chief executive, I probably just said it a little early."^[11][28][29]

Philanthropy[link]

Li Ka-shing confers graduate degrees at Shantou University in 2008.

Li is a noted philanthropist. In 2006, Li pledged to donate one-third of his fortune to charity and philanthropic projects throughout the world – a pledge estimated at over US$10 billion.^[30]

• His donation in 1981 resulted in the founding of Shantou University, near his hometown of Chaozhou.

• Li was invited by Chinese leader Deng Xiaoping to become a member of the board of directors of the China International Trust and Investment Corporation (CITIC) to support the economic reform initiatives that Deng was attempting to develop. CITIC is China's largest conglomerate and is 42 percent owned by the government of China. It serves as the chief investment arm of China's central government and holds ministry status on the Chinese State Council. Li served only one year on CITIC's board before resigning his directorship. He was the non-executive director of The Hongkong and Shanghai Banking Corporation since 1980 and became Deputy Chairman of the bank in 1985. He was also Deputy Chairman of HSBC Holdings in 1991–1992.

• The Li Ka Shing Centre in Cambridge, England, houses a Cancer Research UK facility with strong links to the University of Cambridge. The Centre was named after Mr Li following a £5.3 million donation, and was opened in his presence in May 2002.^[31] The Li Ka Shing Foundation endowed a professorship of oncology at the university in 2007 with a subsequent gift of £2 million.^[32]

• The Li Ka Shing Library at the Singapore Management University is also named in his honour after a US$11.5 million donation in 2002 to the higher education institution.^[33]

• After the 2004 Indian Ocean Earthquake disaster, he reportedly pledged a total of US$3 million.

• In 2005, Li announced a HK$1 billion (US$128 million) donation to the Faculty of Medicine, University of Hong Kong. It was renamed to Li Ka Shing Faculty of Medicine on 1 January 2006, which provoked controversy between the university and a few alumni of the faculty, notably Kwok Ka Ki, over the university's naming procedures.

• Also in 2005, Li donated US$40 million to the University of California, Berkeley, citing that he was impressed with the university's accomplishments in the biosciences. In recognition of Li's donation, the university has named the campus' new biosciences facility the Li Ka Shing Center for Biomedical and Health Sciences.^[34]

• A long-time supporter of Stanford University since the 1980s, Li is the principal benefactor to the new US$90 million Li Ka-shing Center for Learning and Knowledge, part of the School of Medicine.^[35]

• On 9 March 2007, Li Ka-shing contributed $100 million to the Lee Kuan Yew School of Public Policy in the National University of Singapore. Also, "to honour and recognise Dr Li's support and generosity, LKY SPP will name one of its three buildings at the historic Bukit Timah Campus after him".^[36]

• Li Ka-shing donated C$25 million to St. Michael's Hospital in Toronto to found the Li Ka-Shing Knowledge Institute, which will serve as a medical research and education centre in downtown Toronto.^[37]

• Li Ka-shing (through the Li Ka-shing foundation) donated HK$30 million (US$3.85 million) to aid relief efforts in the 2008 Sichuan earthquake^[38]

To date, Li has given away well over US$1 billion in philanthropy via his Li Ka-Shing Foundation and other private charitable foundations^[39]

Press[link]

• Time Asia^[40]
• Chronicle of Philanthropy^[41]
• Wall Street Journal^[42]
• Financial Times (UK)^[43]
• L'Expansion (French Press)^[44]

See also[link]

• The Hongs
• List of Hong Kong people by net worth
• Li C Lik-cheung

References[link]

External links[link]

• Profile at Cheung Kong Holdings
• Profile at Forbes
• Li Ka-shing collected news and commentary at The New York Times
• Li Ka-shing collected news and commentary at Bloomberg News
• Li Ka-shing Biography, Reference for Business
• Li Ka Shing: The superman of the orient
• Li Ka-shing at the Notable Names Database
• World's Most Powerful Men
• New Ruler of the Information Superhighway

Donald Trump
Donald Trump, February 2011
Born	Donald John Trump (1946-06-14) June 14, 1946 (age 66) Queens, New York City, New York, U.S.
Residence	Trump Tower, Manhattan
Nationality	American
Alma mater	Fordham University The Wharton School (B.S.)
Occupation	Chairman and president of The Trump Organization[1] Chairman of Trump Plaza Associates, LLC[2] Chairman of Trump Atlantic City Associates[2] Host of The Apprentice
Years active	1968–present
Salary	$60 million (2010–11)[2]
Net worth	$2.9 billion (2012)[3]
Political party	Independent (2011–present)[4] Republican (1987–99; 2009–11) Democratic (2001–09)[5] Reform Party (1999–2000)[6]
Religion	Presbyterian[7]
Spouse	Ivana Trump (m. 1977–1992) «start: (1977)–end+1: (1993)»"Marriage: Ivana Trump to Donald Trump" Location: (linkback:http://en-wiki.pop.wn.com/index.php/Donald_Trump) Marla Maples (m. 1993–1999) «start: (1993)–end+1: (2000)»"Marriage: Marla Maples to Donald Trump" Location: (linkback:http://en-wiki.pop.wn.com/index.php/Donald_Trump) Melania Trump (m. 2005) «start: (2005)»"Marriage: Melania Trump to Donald Trump" Location: (linkback:http://en-wiki.pop.wn.com/index.php/Donald_Trump)
Children	Donald Trump Jr. (b. 1977) Ivanka Trump (b. 1981) Eric Trump (b. 1984) Tiffany Trump (b. 1993) Barron Trump (b. 2006)
Signature
Website
TrumpOnline.com

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 and the founder of Trump Entertainment Resorts.^[1] Trump's extravagant lifestyle, outspoken manner and role on the NBC reality show The Apprentice have made him a well-known celebrity who was No. 17 on the 2011 Forbes Celebrity 100 list.^[2] He is well-known as a real-estate developer who amassed vast hotel, casino, and other real-estate properties, in the New York City area and around the world.

Trump is the son of Fred Trump, a wealthy New York City real-estate developer.^[8] He worked for his father's firm, Elizabeth Trump & Son, while attending the Wharton School of the University of Pennsylvania, and in 1968 officially joined the company.^[9] He was given control of the company in 1971 and renamed it The Trump Organization.^[10][11]

In 2010, Trump expressed an interest in becoming a candidate for President of the United States in the 2012 election.^[12][13] In May 2011, he announced he would not be a candidate, but a few weeks later he said he had not completely ruled out the possibility.^[14][15] In December 2011, Trump was suggested as a possible Vice Presidential selection by Michele Bachmann.^[16] Bachmann has since suspended her presidential campaign.

Early life and education[link]

Trump is a son of Fred Trump and his wife, Mary Anne MacLeod, who married in 1936. His mother was born on the Isle of Lewis, off the west coast of Scotland.^[17] Donald was one of five children. Donald's oldest brother, Fred Jr., died in 1981 at the age of 43.^[18] Trump's paternal grandparents were German immigrants.^[19] His grandfather, Frederick Trump (née Freidrich Drumpf), emigrated to the United States in 1885 and became a naturalized American citizen in 1892. Frederick married Elisabeth Christ (October 10, 1880 – June 6, 1966)^[20] at Kallstadt, Rheinland-Pfalz, Germany, on August 26, 1902. They had three children.

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.^[21] 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, 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.^[22] 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.^{[citation needed]}

Personal life[link]

Donald Trump at a press conference announcing David Blaine's latest feat in New York City at the Trump Tower.

Trump is popularly known as The Donald, a nickname given to him by the media after his first wife Ivana Trump, a native of the Czech Republic, referred to him as such in an interview.^[23] Trump is also known for his catchphrase, "You're fired!", made popular by his television series The Apprentice. While it has been reported that Trump does not shake hands because of fear of germs,^[24] he claims this phobia is "a rumor that the enemies say", and shook hands repeatedly in public during a visit to New Hampshire in April 2011.^[25] Trump is a 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.^[26]

Christian[link]

Trump has stated in interviews that he is a Presbyterian. In April 2011 on Human Events he said that he is "a Presbyterian within the Protestant group".^[7] In an April 2011 interview, on the 700 Club, Trump said, "I'm a Protestant, I'm a Presbyterian. And you know I've had a good relationship with the church over the years. I think religion is a wonderful thing. I think my religion is a wonderful religion."^[27][28] A 2010 article in The Daily Telegraph stated that Trump was Catholic.^[29] A February 2011 Politics Daily article described Trump as "apparently a member of the Dutch Reformed Church, which is a Presbyterian denomination".^[30] Andrew Cusack in 2008 stated that Donald Trump is a member of New York City's Marble Collegiate Church. Explaining that church's organizational relationships, Cusack says "the Collegiate Reformed Protestant Dutch Church is actually a denomination within a denomination" and that the Collegiate Churches are "now part of the Reformed Church of America".^[31] Marble Collegiate Church also states that it is denominationally affiliated with the Reformed Church in America,^[32] with the RCA website stating that the RCA has a local church "presbyterian form of government".^[33] Trump does not drink alcohol.^[34]

Trump married Melania Knauss, his third wife, at the Episcopal church of Bethesda-by-the-Sea, in a "traditional ceremony".^[35][36][37] Their son, Barron, was baptized in that church.^[38] 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.^[39] He also appeared on Fox's Hannity, and said much the same.^[40] 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, criticized "Trump's letter offering to buy the site as a publicity stunt".^[41]

Family[link]

Melania Knauss-Trump

Trump's mother, Mary Anne, was born at Tong, Stornoway on the Isle of Lewis in Scotland in 1912. In 1930, aged 18, on holiday in New York, she met Fred Trump and stayed in New York. Born in Queens, New York,^{[citation needed]} Trump has four siblings: two brothers, Fred Jr. (who is deceased) and Robert; and two sisters, Maryanne and Elizabeth. His elder sister, Maryanne Trump Barry, is a federal appeals court judge.

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."^{[citation needed]}

On April 26, 2004, he proposed to Melania Knauss (Melanija Knavs), a native of Slovenia. Trump and Knauss 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.^[36] Melania gave birth to a boy named Barron William Trump, Trump's fifth child, on March 20, 2006.

Trump has four grandchildren. Three from his son Donald Jr. (Kai Madison^[42], Donald John III^[43] and Tristan Milos^[44]) and one from his daughter Ivanka (Arabella Rose^[45][46]).

Business career[link]

Successes (1968–89)[link]

Trump began his career at his father's company,^[47] the Trump Organization, and initially concentrated on his father's preferred field of middle-class rental housing in Brooklyn, Queens, and Staten Island. One of Trump's first projects, while he was still in college, was the revitalization of the foreclosed Swifton Village apartment complex in Cincinnati, Ohio, which his father had purchased for $5.7 million in 1962. Trump became intimately involved in the project, personally flying in for a few days at a time to carry out landscaping and other low-level tasks. After $500,000 investment, Trump successfully turned a 1200-unit complex with a 66 percent vacancy rate to 100 percent occupancy within two years. The Trump Organization sold Swifton Village for $6.75 million in 1972.^[48]

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.^[8] 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.^[49]

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 state $430 million.^[50] While rejecting his proposal that he build the center, the State chose the site, so Trump received a broker's fee instead.

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.^[51] Trump was also involved with the old USFL, a competitor to the NFL, as owner of the New Jersey Generals.^[52] In addition, Trump at one time acted as a financial advisor for Mike Tyson,^[53] hosting Tyson's fight against Michael Spinks in Atlantic City.^[54]