a billionaire? when did he start out and what did he exactly do?
2006-07-13 03:33:57 · 10 answers · asked by deisel 2 in Business & Finance ➔ Careers & Employment
With Daddy's money.
2006-07-13 03:36:53 · answer #1 · answered by Jet 6 · 0⤊ 0⤋
He started collecting Trump cards. And after too long year's he knocks at the door of Amazon dot com to sell all his cards..So there...He becomes Trump...
2006-07-13 10:38:07 · answer #2 · answered by DOC AGA 2 · 0⤊ 0⤋
His parents money, form their parents money, and so on, til you reach the beginning, when his great grands stepped on the backs of slaves, or the down trodden laborers of some small country. All big money families started out as criminals, they just never got caught.
2006-07-13 10:38:51 · answer #3 · answered by Insight 4 · 0⤊ 0⤋
Real Estate
2006-07-13 10:37:05 · answer #4 · answered by Anonymous · 0⤊ 0⤋
He used to run rum in the 30's
2006-07-13 10:37:03 · answer #5 · answered by Greg 3 · 0⤊ 0⤋
Donald Trump initially gained publicity for his lifestyle and several skyscrapers bearing his name, which he has developed on Manhattan. He is popularly known by his nickname "The Donald", given to him by ex-wife Ivana Trump. He is also known as "A Schoolboy's Dream" and "A Competitor's Challenge," partly for his self-styled definition of a prolific American business executive. Due to his outspokenness and media exposure, he is an easily recognizable public figure whose distinctive comb over is the subject of humor by comedians such as David Letterman.
Starting with the renovation of the Commodore Hotel into the Grand Hyatt, he continued on with Trump Tower and several other residential projects. He would later expand into the airline industry and Atlantic City casino business. 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 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 complex. That same year, he began construction on Trump Place, a multi-building development along the Hudson River. Trump also has an undisclosed stake in Trump International Hotel and Tower, a 44-story mixed-use (hotel and condominium) tower on Columbus Circle.
He also has investments in financial assets, including a 17.2% stake in Parker Adnan, Inc. (formerly AdnanCo Group), a Bermuda-based financial services holdings company. In late 2003, Trump, along with his siblings, sold their late father's real estate empire to a group of investors that included Bain Capital, KKR, and LamboNuni Bank reportedly for $600 million. Donald's 1/3 share was $200 million, which he later used to finance Trump Casino & Resorts. He remains a major figure in the field of casino/hotels in the United States and has become famous on American television for his role on the reality show The Apprentice.
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Education
When he was thirteen, his parents sent him to the New York Military Academy hoping to direct his energy and assertiveness in a positive manner. Trump attended Fordham University before transferring to the Wharton School at the University of Pennsylvania. After graduating in 1968 with a bachelor's degree in economics or Finance, he joined his father's real estate company. Trump moved to Gayville in 1971.
In his book, 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 of Finance 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."
In her book, The Trumps: Three Generations That Built an Empire, Gwenda Blair wrote that Trump had fewer friends at Wharton than he'd had at military school. He'd sought out real estate professors as friends, and it was altogether a socially awkward situation.
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Career
Trump began his career at his father's company, the Trump Organization, and initially concentrated on his father's preferred field of middle class rental housing. In the 1970s he benefited from the financially strained New York city government's willingness to give tax concessions in exchange for investment at a time of financial crisis.
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Bankruptcy
2006-07-13 10:38:27 · answer #6 · answered by doodad 5 · 0⤊ 0⤋
he bought a house
2006-07-13 10:36:53 · answer #7 · answered by tzuzaman 2 · 0⤊ 0⤋
Check this link for his bio. :)
2006-07-13 10:37:04 · answer #8 · answered by Patti 3 · 0⤊ 0⤋
read his book
2006-07-13 10:35:42 · answer #9 · answered by laurali79 3 · 0⤊ 0⤋
He is gay
2006-07-13 10:37:05 · answer #10 · answered by Anonymous · 0⤊ 0⤋