Trump became an iconic figure, helping define a new generation of celebrity tycoons whose success was built as much on maintaining an image of success as on financial savvy. He set out to own as much New York City real estate as possible and to redesign the New York skyline.
Donald Trump graduated from the Wharton School of Finance in 1968 and began working alongside his father, a millionaire property developer in Queens, New York. After revitalizing an Ohio apartment complex and realizing a $6 million profit, Trump moved to Manhattan to begin building his real estate empire.
Trump’s first major deal was optioning
During the 1980’s, Trump branched out into
In 1990, Trump’s personal fortune dropped from $1.7 billion to $500 million, with $900 million of debt. His business debt reached nearly $3.5 billion, and Trump’s Taj Mahal and Trump Plaza were both forced to file for bankruptcy. However, by 1997, Trump had recovered and was worth more than $2 billion. In 2008, Trump owned more than 18 million square feet of Manhattan real estate as well as golf clubs, resorts, casinos, and other properties throughout the United States. He continues to develop the Trump brand throughout the world.
A very public and charismatic personality, Trump became a best-selling author, producer and host of the television show The Apprentice, co-owner with the National Broadcasting Company of the Miss Universe Organization, and chief executive officer of many consumer product lines, including men’s clothing. Like his buildings, Trump’s products are emblazoned with the Trump name and benefit from his brand recognition.
Commercial real estate industry
Residential real estate industry
Television programming with business themes