Donald Trump

At 77 years old, Donald Trump has this physical status:

Donald Trump (born June 14, 1946) is the country's 45th and current president.

He was a businessman and television star before entering politics. Trump was born and raised in the borough of Queens, New York City, and earned a bachelor's degree in economics from the University of Pennsylvania's Wharton School.

In 1971, he took over his family's real estate business, renamed it The Trump Organization, and expanded its operations from Queens and Brooklyn to Manhattan.

The company designed or renovated skyscrapers, hotels, casinos, and golf courses.

Trump later began various business ventures, mainly by licensing his name.

He owned the Miss Universe and Miss USA beauty pageants from 1996 to 2015, and he produced and hosted The Apprentice, a reality television show from 2003 to 2015.

Personal life

Donald John Trump was born in 1946 at Jamaica Hospital in New York City, the fourth child of Fred Trump, a Bronx-born real estate developer whose parents were German immigrants, and Mary Anne MacLeod Trump, an immigrant from Scotland, was born on June 14, 1946. In the Jamaica Estates neighborhood of Queens, Maryanne, Fred Jr., and Robert, younger brother Robert, attended the private Kew-Forest School from kindergarten to seventh grade. At the age of 13, he was enrolled in the New York Military Academy, a private boarding school, and in 1964, he enrolled at Fordham University. He went to the University of Pennsylvania's Wharton School, obtaining a Bachelor's degree in May 1968. In terms of economics, the company is in a downturn. If Trump's academic records were revealed in 2015, Trump's counsel Michael Cohen threatened Trump's colleges, high school, and the College Board.

During the Vietnam War period, Trump obtained four student draft deferments. He was approved for military service following a medical examination in 1966, and a local draft board designated him as eligible to serve in July 1968. He was categorized 1-Y, a conditional medical deferment, in October 1968, and in 1972, he was reclassified 4-F due to bone spurs, permanently disqualifying him from service.

In 1977, Trump married Czech model Ivana Zelnyiková. They had three children: Donald Jr. (born 1977), Ivanka (born 1981), and Eric (born 1984). In 1988, Ivana became a naturalized citizen of the United States. Following Trump's affair with actress Marla Maples, the couple split in 1992. Trump and Maples married in 1993 and divorced in 1999. Tiffany (born 1993), who was raised by Marla in California, has one daughter. Melania Knauss, a Slovenian model, married Trump in 2005. Barron (born 2006) is their son. Melania was granted American citizenship in 2006.

In 1959 at the First Presbyterian Church in Jamaica, Queens, Trump went to Sunday school and was confirmed. His parents attended the Marble Collegiate Church in Manhattan, which is part of the Reformed Church of America in the 1970s. Norman Vincent Peale, a marble pastor, ministered to the family until his death in 1993. Trump has referred to him as a mentor. Trump was not a member of the church in 2015, and the church confirmed that he was not an active member. Paula White, his personal minister, was voted to the White House Office of Public Liaison in 2019. He identified himself as a non-denominational Christian in 2020.

Golfing has been dubbed a "primary mode of exercise" by Trump, but the majority of people do not follow the course. Exercise, according to him, is a waste of electricity because it depletes the body's energy "as a battery, with a finite amount of energy." In 2015, Trump's campaign released a letter from his long-time personal physician, Harold Bornstein, who said that Trump will "be the healthiest individual to have been elected to the presidency." Bornstein said Trump had dictated the letter's contents, and that three Trump agents had confiscated his medical records during a February 2017 raid on the doctor's office.

In 1982, Trump became the first Forbes list of wealthy people for owning a share of his family's estimated $200 million net worth. From 1990 to 1995, his absence in the 1980s dropped him from the list. He reported a net worth of about $10 billion after submitting the mandatory financial disclosure report with the FEC in July 2015. According to FEC reports, there were at least $1.4 billion in assets and $265 million in liabilities. Forbes estimated his net worth at $4.5 billion in 2015 and $3.1 billion in 2018. Its 2021 billionaires list ranked it as one of the world's richest officeholders, making him one of the country's richest officeholders.

Jonathan Greenberg, a journalist, announced in 2018 that Trump, who claimed to be a Trump Organization official, called him in 1984 to falsely claim that he owned "in excess of nine percent" of the Trump family's success, earning a top spot on Forbes' list of wealthy Americans. Greenberg also stated that Forbes had massively underestimated Trump's fortune and incorrectly included him on the Forbes 400 rankings of 1982, 1983, and 1984.

Trump has often said that he began his career with "a small loan of one million dollars" from his father, and that he needed to pay it back with interest. By age eight, he borrowed at least $60 million from his father, largely failed to repay those loans, and his father's business received another $413 million (adjusted for inflation). He and his family were found to have committed tax fraud in 2018, and the New York tax department began investigating. His investments fell short of the stock and New York property markets. Forbes estimated that his net worth decreased from $4.5 billion in 2015 to $3.1 billion in 2017 in October 2018, and that his product licensing income increased from $23 million to $3 million.

Despite his assertions of financial stability and business acumen, Trump's tax returns from 1985 to 1994 indicate net losses totaling $1.17 billion. The losses were higher than those of about every other American taxpayer. The losses in 1990 and 1991, more than twice as much as the nearest losers, were more than doubled. His estimated losses in 1995 were $915.7 million.

Over the past 20 years, Trump has lost hundreds of millions of dollars and delayed the unveiling of $287 million in forgiven debt as taxable income. His money came mainly from his participation in The Apprenticeship and businesses in which he was a minority partner, and he suffered most from majority-owned enterprises. A substantial part of his income was in tax credits for his losses, which made him avoid annual income tax payments or reduced them to $750. He balanced his companies' losses with selling and borrowing against assets, including a $100 million mortgage on Trump Tower (due in 2022) and the liquidation of over $200 million in stocks and bonds in the last decade. He personally promised $421 million in debt, the majority of which is due by 2024.

As of October 2020, Trump had over $1 billion in debts, backed by his assets. He owes $640 million to banks and trust companies, including Bank of China, Deutsche Bank, and UBS, as well as approximately $450 million to unknown creditors. His assets are worth more than his debt.

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Business career

Trump started working with his father Fred's real estate business, Trump Management, which sold middle-class rental housing in New York City's outer boroughs beginning in 1968. In 1971, he became president of the company and began using The Trump Organization as an umbrella brand.

With the unveiling of his family's first Manhattan venture, the redevelopment of the derelict Commodore Hotel, which is next to Grand Central Terminal Terminal, Trump attracted national notice in 1978. Fred Trump, who also worked with Hyatt, guaranteed a $70 million in bank construction financing, facilitating the financing. The Grand Hyatt Hotel opened in 1980, and in the same year, Trump was granted the right to design Trump Tower, a mixed-use skyscraper in Midtown Manhattan. The building houses the Trump Corporation and Trump's PAC's headquarters, as well as Trump's primary residence until 2019.

Trump bought the Plaza Hotel in Manhattan in 1988 with a $425 million loan from a consortium of banks. The hotel filed for bankruptcy insurance two years ago, and a reorganization bid was approved in 1992. In 1995, Trump sold the Plaza Hotel and the majority of his buildings to pay down his debts, including personally guaranteed loans, allowing him to avoid personal insolvency.

In 1996, Trump bought the mostly abandoned 71-story skyscraper at 40 Wall Street, later rebranded as the Trump Building, which was later rebranded as the Trump Building and renovated it. In the early 1990s, Trump won the right to build a 70-acre (28 ha) tract in the Lincoln Square neighborhood near the Hudson River. Trump sold the majority of his passion in the venture to Asian investors, who were able to finance the construction of Riverside South, who were unable to finance the project.

Trump bought the Mar-a-Lago estate in Palm Beach, Florida, in 1985. He converted the estate into a private club with an initiation fee and annual dues in 1995. He continued to use a wing of the house as a private residence. In 2019, Trump declared Mar-a-Lago his primary residence.

In 1984, Trump opened Harrah's at Trump Plaza, a hotel and casino in Atlantic City, New Jersey, with the Holiday Corporation's financing and management assistance. It was unprofitable, and Trump paid Holiday $70 million to take sole responsibility in May 1986. Trump bought a hotel and casino in Atlantic City from the Hilton Corporation earlier this year. It was Trump Castle on completion in 1985. Ivana's wife Ivana ran it until 1988.

In 1988, Trump bought the Trump Taj Mahal, the third in Atlantic City venue. It was funded with $675 million in junk bonds and completed for $1.1 billion when it was unveiled in April 1990. In 1989, the bank went bankrupt. Reorganizing left him with half of his initial interest and asked him to personally guarantee future success. He sold his failing Trump Shuttle airline, his megayacht, the Trump Princess, which had been leased to his casinos and kept docked, as well as other companies to reduce his $900 million in personal debt.

Trump founded Trump Hotels & Casino Resorts (THCR), which assumed responsibility for Trump Plaza, Trump Castle, and the Trump Casino in Gary, Indiana. The Taj Mahal was purchased in 1996 and went bankrupt in 2004, 2009, and 2014, leaving Trump with a 10% stake. He was chairman from 2009 to 2009.

In 1999, the Trump Organization began constructing and buying golf courses. It owns fourteen courses worldwide and also operates three Trump-branded ones.

On 428 (nearly one in three) of his presidency's 1,461 days, Trump played 261 rounds of golf, one every 5.6 days, at a Trump Organization property.

The Trump brand has been licensed for a variety of consumer products and services, including foodstuffs, clothing, adult education courses, and home furnishings. According to a Washington Post report, there are more than 50 licensing or management contracts involving Trump's name that have brought in at least $59 million in revenue for his companies. Only two consumer products firms continued to license his name by 2018.

Trump bought the New Jersey Generals, a New Jersey Generals team in the United States Football League, in September 1983. The league disbanded after the 1985 season, largely due to Trump's decision to move games to a fall schedule (where they played with the NFL for audience) and trying to prevent a merger with the NFL by bringing an antitrust lawsuit against the team.

Several boxing matches have been held at the Atlantic City Convention Hall, which is adjacent to and marketed as being held at the Trump Plaza in Atlantic City. In 1989 and 1990, Trump lent his name to the Tour de Trump cycling stage race, which was an attempt to produce an American equivalent of European races such as the Tour de France or the Giro d'Italia.

When implying that he planned to take over the company and then sell his shares for a profit, some commentators mistook him for greenmail. According to the New York Times, Trump made millions of dollars in such stock trades initially, but "lost the majority, if not all of those gains," after investors stopped paying attention to his takeover debate.

With 21 planes and landing rights in New York City, Boston, and Washington, D.C., Trump purchased the Eastern Air Lines Shuttle in 1988. He funded the acquisition with $380 million from 22 banks, rebranded the company as the Trump Shuttle, and operated it until 1992. Trump left the airline profitable and sold it to USAir.

Trump, his siblings Maryanne, Elizabeth, and Robert, as well as his cousin John W. Walter, who each had a 20 percent stake, formed All County Building Supply & Maintenance Corp in 1992. The company had no offices and is accused of being a shell company for paying the vendors' services and products for Trump's rental units and then billing those services and supplies to Trump Management, who received markups of 20-to-date and more. The owners disclosed the markup proceeds. The higher prices were used to obtain state permission for increasing the rents of Trump's rent-stabilized units.

Miss Universe pageants, including Miss USA and Miss Teen USA, ran from 1996 to 2015. He brought both pageants and NBC's scheduling conflicts. In 2007, Trump was inducted on the Hollywood Walk of Fame for his work as the producer of Miss Universe. In June 2015, NBC and Univision stripped the pageants from their broadcasting lineups.

In 2004, Trump co-founded Trump University, a company that sold real estate training courses for $1,500 to $35,000. The company's name was changed to Trump Entrepreneur Initiative in 2010 after New York State authorities informed it that the use of the word "university" breached state legislation (as it was not an academic institute).

In 2013, New York filed a $40 million civil lawsuit against Trump University, alleging that the organization made inaccurate claims and defrauded consumers. In addition, two class action suits were brought against Trump and his companies in federal court. According to internal documents, employees were encouraged to take a hard sell strategy, and former employees testified that Trump University had defrauded or lying to its students. Trump decided to pay a total of $25 million to settle the three cases after winning the 2016 presidential election.

In 1988, the Donald J. Trump Foundation was a private foundation established in the United States. The majority of the foundation's funds came from individuals other than Trump, who did not contribute any personal wealth to the charity from 2009 to 2014. The foundation also support conservative organizations, as well as health care and sports-related charities.

According to the Washington Post, the charity had committed multiple potential legal and ethical offences, including suspected self-dealing and tax evasion. The foundation appeared to be in breach of New York's rules regarding charities, according to the New York state attorney general's office, and it was ordered to suspend its fundraising efforts in New York immediately. In December 2016, Trump's staff announced that the foundation would be dissolved.

In June 2018, the New York attorney general's office filed a civil suit against the foundation, Trump, and his adult children, requesting $2.8 million in restitution and additional fines. The foundation ceased operations in December 2018 and disbursed all of its funds to other charities. In November 2019, a New York state judge ordered Trump to pay $2 million to a consortium of charities for misusing the foundation's funds in part to finance his presidential campaign.

Roy Cohn was both Trump's counsel and mentor for 13 years in the 1970s and 1980s. According to Trump, Cohn also waived fees due to their friendship. Cohn helped Trump countersue the US government for $100 million over allegations that Trump's properties had racial discriminatory conduct in 1973. When the countersuit was dismissed and the government's lawsuit went forward, Trump and Cohn lost the lawsuit. Among other things, an agreement was struck in 1975 requiring Trump's residences to provide the New York Urban League with a list of all apartment vacancies every week for two years. Cohn hired Roger Stone, a political consultant who enlisted Stone's help with the federal government, to assist with the federal government.

According to a campaign tally by USA Today, more than 4,000 state and federal court suits had been taking place as of November 2016.

Although Trump hasn't applied for personal bankruptcy, his over-leveraged hotel and casino companies in Atlantic City and New York have filed for Chapter 11 bankruptcy protection six times between 1991 and 2009. They continued to operate as the banks restructured debt and reduced Trump's stake in the businesses.

During the 1980s, more than 70 banks had lent Trump $4 billion, but most major banks declined to lend to him in the aftermath of his corporate bankruptcies of the early 1990s, with only one bank being able to lend. The bank has decided not to do business with Trump or his group again after the January 6 US Capitol attack.

Subpoenas were issued by the House Oversight Committee in April 2019 demanding financial information from Trump's banks, Deutsche Bank, Capital One, and his accounting company, Mazars USA. In reaction, Trump sued the banks, Mazars, and committee chair Elijah Cummings to avoid the disclosures. Judge Amit Mehta of the District Court ruled that Mazars must comply with the subpoena, and judge Edgardo Ramos of the Southern District Court of New York found that the banks must also comply. The cases were appealed by Trump's counsel, who argued that Congress was attempting to usurp the "exercise of law-enforcement power" that the Constitution reserves to the executive branch.

Media career

Trump has published up to 19 books on company, financial, or political topics under his name. The Art of the Deal (1987), his first book, was a New York Times Best Seller. Although Trump was credited as co-author, Tony Schwartz wrote the entire book. "The book extended Trump's fame far beyond New York City, making him a symbol of the thriving tycoon," The New Yorker said. The volume is Trump's second most coveted book after the Bible.

From 1985 to 2001, Trump made cameo appearances in many films and television shows.

Since the late 1980s, Trump had a sporadic association with the professional wrestling scene. He appeared at WrestleMania 23 in 2007 and was inducted into the WWE Hall of Fame's celebrity wing in 2013.

Trump appeared on the nationally syndicated Howard Stern Show about 24 times in the 1990s. Trumped also had his own short-form talk radio show! From 2004 to 2008, one to two minutes on weekdays. He appeared on Fox & Friends as a weekly unpaid guest commentator from 2011 to 2015.

Trump served as a producer and host of reality shows The Apprentice and The Celebrity Apprentice from 2004 to 2015. On The Apprentice, Trump portrayed a CEO as the head executive, and competitors in a year of service at the Trump Organization competed for a year. Celebrities competed to receive funds for charities on The Celebrity Apprenticeship. "You're fired" was the catch on both shows.

In February 2021, Trump resigned from the Screen Actors Guild, rather than face a disciplinary committee inquiry for inciting the January 6, 2021, rioting and ultimately endangering journalists' safety. The union has now barred him from remission two days after.

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