Donald Trump

Donald Trump

Overview
Donald John Trump, Sr. (born June 14, 1946) is an American business magnate
Business magnate
A business magnate, sometimes referred to as a capitalist, czar, mogul, tycoon, baron, oligarch, or industrialist, is an informal term used to refer to an entrepreneur who has reached prominence and derived a notable amount of wealth from a particular industry .-Etymology:The word magnate itself...

, television personality and author. He is the chairman and president of The Trump Organization and the founder of Trump Entertainment Resorts
Trump Entertainment Resorts
Trump Entertainment Resorts, Inc. is a holding company that owns and manages two casinos/hotels in Atlantic City, New Jersey, United States. Formerly known as Trump Hotels & Casino Resorts, it was founded by Donald J. Trump, who was Chairman of the Board of Directors until his resignation in 2009....

. Trump's extravagant lifestyle, outspoken manner and role on the NBC
NBC
The National Broadcasting Company is an American commercial broadcasting television network and former radio network headquartered in the GE Building in New York City's Rockefeller Center with additional major offices near Los Angeles and in Chicago...

 reality show The Apprentice
The Apprentice (U.S. TV series)
The Apprentice is an American reality television show hosted by real estate magnate, businessman and television personality Donald Trump, created by Mark Burnett and broadcast on NBC...

have made him a well-known celebrity who was No. 17 on the 2011 Forbes Celebrity 100 list.

Trump is the son of Fred Trump, a New York City real-estate developer.
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Quotations

I don’t do it for the money. I’ve got enough, much more than I’ll ever need. I do it to do it. Deals are my art form.

Trump – Art of the Deal, by Donald Trump and Tony Schwartz, 1987

I love beautiful women, and beautiful women love me. It has to be both ways.

Interview with Norwegian talk show host Fredrik Skavlan|Fredrik Skavlan in November 2003.

Now, if your boss is a sadist, then you have a big problem. In that case, fire your boss and get a new job.

Trump: How to Get Rich, 2004.
Encyclopedia
Donald John Trump, Sr. (born June 14, 1946) is an American business magnate
Business magnate
A business magnate, sometimes referred to as a capitalist, czar, mogul, tycoon, baron, oligarch, or industrialist, is an informal term used to refer to an entrepreneur who has reached prominence and derived a notable amount of wealth from a particular industry .-Etymology:The word magnate itself...

, television personality and author. He is the chairman and president of The Trump Organization and the founder of Trump Entertainment Resorts
Trump Entertainment Resorts
Trump Entertainment Resorts, Inc. is a holding company that owns and manages two casinos/hotels in Atlantic City, New Jersey, United States. Formerly known as Trump Hotels & Casino Resorts, it was founded by Donald J. Trump, who was Chairman of the Board of Directors until his resignation in 2009....

. Trump's extravagant lifestyle, outspoken manner and role on the NBC
NBC
The National Broadcasting Company is an American commercial broadcasting television network and former radio network headquartered in the GE Building in New York City's Rockefeller Center with additional major offices near Los Angeles and in Chicago...

 reality show The Apprentice
The Apprentice (U.S. TV series)
The Apprentice is an American reality television show hosted by real estate magnate, businessman and television personality Donald Trump, created by Mark Burnett and broadcast on NBC...

have made him a well-known celebrity who was No. 17 on the 2011 Forbes Celebrity 100 list.

Trump is the son of Fred Trump, a New York City real-estate developer. He worked for his father's firm, Elizabeth Trump & Son, while attending the Wharton School
Wharton School of the University of Pennsylvania
The Wharton School is the business school of the University of Pennsylvania, an Ivy League university in Philadelphia, Pennsylvania. Wharton was the world’s first collegiate business school and the first business school in the United States...

 of the University of Pennsylvania
University of Pennsylvania
The University of Pennsylvania is a private, Ivy League university located in Philadelphia, Pennsylvania, United States. Penn is the fourth-oldest institution of higher education in the United States,Penn is the fourth-oldest using the founding dates claimed by each institution...

, and in 1968 officially joined the company. He was given control of the company in 1971 and renamed it The Trump Organization.

In 2010, Trump expressed an interest in becoming a candidate for President of the United States in the 2012 election. 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.

Early life and education


Trump is a son of Fred Trump and his wife, Mary Anne MacLeod, who married in 1936. His mother was born on the Island of Lewis, off the west coast of Scotland. Donald was one of five children. Donald's oldest brother, Fred Jr., died in 1981 at the age of 43. Trump's paternal grandparents were German immigrants. His grandfather, Frederick Trump ( 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) at Kallstadt
Kallstadt
Kallstadt is an Ortsgemeinde – a municipality belonging to a Verbandsgemeinde, a kind of collective municipality – in the Bad Dürkheim district in Rhineland-Palatinate, Germany.- Location :Kallstadt lies on the German Wine Route...

, Rheinland-Pfalz, Germany, on August 26, 1902. They had three children.

Trump attended the Kew-Forest School
The Kew-Forest School
The Kew-Forest School is an independent, co-ed, college preparatory school for students in grades PreK-12. The school was established in 1918 strictly for residents of Forest Hills and Kew Gardens, hence the name...

, 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
New York Military Academy
New York Military Academy, or NYMA, is an American private boarding school located in Cornwall-on-Hudson, New York. It was founded in 1889 by Charles Jefferson Wright, a Civil War veteran and former school teacher from New Hampshire who believed that a military structure provided the best...

 (NYMA), hoping to direct his energy and assertiveness in a positive manner. At NYMA, in upstate New York
Upstate New York
Upstate New York is the region of the U.S. state of New York that is located north of the core of the New York metropolitan area.-Definition:There is no clear or official boundary between Upstate New York and Downstate 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
Fordham University
Fordham University is a private, nonprofit, coeducational research university in the United States, with three campuses in and around New York City. It was founded by the Roman Catholic Diocese of New York in 1841 as St...

 for two years before transferring to the Wharton School of the University of Pennsylvania. He graduated in 1968 with a Bachelor of Science
Bachelor of Science
A Bachelor of Science is an undergraduate academic degree awarded for completed courses that generally last three to five years .-Australia:In Australia, the BSc is a 3 year degree, offered from 1st year on...

 in economics
Economics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...

. 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
Wharton School of the University of Pennsylvania
The Wharton School is the business school of the University of Pennsylvania, an Ivy League university in Philadelphia, Pennsylvania. Wharton was the world’s first collegiate business school and the first business school in the United States...

 at the University of Pennsylvania
University of Pennsylvania
The University of Pennsylvania is a private, Ivy League university located in Philadelphia, Pennsylvania, United States. Penn is the fourth-oldest institution of higher education in the United States,Penn is the fourth-oldest using the founding dates claimed by each institution...

 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.

Personal life



Trump is popularly known as The Donald, a nickname given to him by the media after his first wife Ivana Trump
Ivana Trump
Ivana Trump is a former Olympic athlete, socialite, and fashion model noted for her marriage to mogul Donald Trump.-Early years:...

, a native of the Czech Republic
Czech Republic
The Czech Republic is a landlocked country in Central Europe. The country is bordered by Poland to the northeast, Slovakia to the east, Austria to the south, and Germany to the west and northwest....

, referred to him as such in an interview. 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, he claims this phobia is "a rumor that the enemies say", and shook hands repeatedly in public during a visit to New Hampshire
New Hampshire
New Hampshire is a state in the New England region of the northeastern United States of America. The state was named after the southern English county of Hampshire. It is bordered by Massachusetts to the south, Vermont to the west, Maine and the Atlantic Ocean to the east, and the Canadian...

 in April 2011.

Religion


Trump has stated in various interviews that he is a Presbyterian. In April 2011 on Human Events
Human Events
Human Events is a weekly American conservative magazine. It takes its name from the first sentence of the United States Declaration of Independence...

he said that he is "a Presbyterian within the Protestant
Protestantism
Protestantism is one of the three major groupings within Christianity. It is a movement that began in Germany in the early 16th century as a reaction against medieval Roman Catholic doctrines and practices, especially in regards to salvation, justification, and ecclesiology.The doctrines of the...

 group". In another 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." A 2010 article in The Daily Telegraph
The Daily Telegraph
The Daily Telegraph is a daily morning broadsheet newspaper distributed throughout the United Kingdom and internationally. The newspaper was founded by Arthur B...

stated that Trump was Catholic. A February 2011 Politics Daily article described Trump as "apparently a member of the Dutch Reformed Church, which is a Presbyterian denomination". Andrew Cusack in 2008 stated that Donald Trump is a member of New York City's Marble Collegiate Church
Marble Collegiate Church
The Marble Collegiate Church, founded in 1628, is one of the oldest continuous Protestant congregation in North America. The congregation, which is part of the Reformed Church in America, is now located at 272 Fifth Avenue at the corner of West 29th Street in the NoMad neighborhood of Manhattan,...

. 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". Marble Collegiate Church also states that it is denominationally affiliated with the Reformed Church in America, with the RCA website stating that the RCA has a local church "presbyterian form of government".

Trump married Melania Knauss, his third (and current) wife, at the Episcopal church
Episcopal Church (United States)
The Episcopal Church is a mainline Anglican Christian church found mainly in the United States , but also in Honduras, Taiwan, Colombia, Ecuador, Haiti, the Dominican Republic, Venezuela, the British Virgin Islands and parts of Europe...

 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
Anderson Cooper
Anderson Hays Cooper is an American journalist, author, and television personality. He is the primary anchor of the CNN news show Anderson Cooper 360°. The program is normally broadcast live from a New York City studio; however, Cooper often broadcasts live on location for breaking news stories...

'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
Hannity
Hannity is a television show on the Fox News network, a replacement to the long-running show Hannity & Colmes. It is hosted by conservative political pundit Sean Hannity....

, and said much the same. Trump was quoted by the New York Post
New York Post
The New York Post is the 13th-oldest newspaper published in the United States and is generally acknowledged as the oldest to have been published continuously as a daily, although – as is the case with most other papers – its publication has been periodically interrupted by labor actions...

that, while he "is a 'big believer in freedom of religion
Freedom of religion
Freedom of religion is a principle that supports the freedom of an individual or community, in public or private, to manifest religion or belief in teaching, practice, worship, and observance; the concept is generally recognized also to include the freedom to change religion or not to follow any...

,' ... his personal opinion was that the mosque should not be built close to Ground Zero
Ground zero
The term ground zero describes the point on the Earth's surface closest to a detonation...

 ...". 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.

Family



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
Queens
Queens is the easternmost of the five boroughs of New York City. The largest borough in area and the second-largest in population, it is coextensive with Queens County, an administrative division of New York state, in the United States....

, New York, 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
Maryanne Trump Barry
Maryanne Trump Barry is a senior judge on the United States Court of Appeals for the Third Circuit. She is the daughter of real estate developer Fred Trump and Mary MacLeod Trump, the older sister of real estate/entertainment magnate Donald Trump and the mother of Dr...

, is a federal appeals court judge.

In 1977, Trump married Ivana Zelníčková
Ivana Trump
Ivana Trump is a former Olympic athlete, socialite, and fashion model noted for her marriage to mogul Donald Trump.-Early years:...

 and together they have three children: Donald Jr.
Donald Trump, Jr.
Donald "Don" John Trump, Jr. is an American businessman who is the first child of real estate developer Donald J. Trump and Ivana Trump. He currently works along with his sister Ivanka Trump and brother Eric Trump in the position of Executive Vice President at The Trump Organization...

 (born December 31, 1977), Ivanka
Ivanka Trump
Ivanka Marie Trump is an American businesswoman, socialite, heiress, and fashion model. The daughter of Ivana and Donald Trump, she is Executive Vice President of Development & Acquisitions at The Trump Organization...

 (born October 30, 1981), and Eric
Eric Trump
Eric Fredrick Trump is the third child of Donald J. Trump and Ivana Trump, and is executive vice president, real estate development and mergers and acquisitions, at The Trump Organization, Trump Tower. He is also the founder and chairman of .-Early life and education:Trump was born in New York...

 (born January 6, 1984). They were divorced in 1992.

In 1993, he married Marla Maples
Marla Maples
Marla Maples is an American actress, television personality, and socialite, best known for her marriage to businessman celebrity Donald Trump.- Personal life :...

 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
Slovenia
Slovenia , officially the Republic of Slovenia , is a country in Central and Southeastern Europe touching the Alps and bordering the Mediterranean. Slovenia borders Italy to the west, Croatia to the south and east, Hungary to the northeast, and Austria to the north, and also has a small portion of...

. 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
Palm Beach, Florida
The Town of Palm Beach is an incorporated town in Palm Beach County, Florida, United States. The Intracoastal Waterway separates it from the neighboring cities of West Palm Beach and Lake Worth...

, Florida, followed by a reception at Trump's Mar-A-Lago
Mar-A-Lago
Mar-A-Lago , built 1924-1927, is the name of the Marjorie Merriweather Post estate in Palm Beach, Florida. Post built the house with her husband, Edward F. Hutton. The house was designed by Joseph Urban. Upon her death in 1973 Marjorie Post willed the estate to the U.S. Government as a retreat...

 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. and Vanessa are expecting their third child.

Hobbies


Trump is a golfer, with a low single-figure handicap
Golf handicap
A handicap is a numerical measure of an amateur golfer's playing ability based on the tees played for a given course. It is used to calculate a net score from the number of strokes actually played, thus allowing players of different proficiency to play against each other on somewhat equal terms...

. He is a member of the Winged Foot Golf Club
Winged Foot Golf Club
Winged Foot Golf Club is a 36-hole golf course located in Mamaroneck, New York. The course architect is A. W. Tillinghast, who also designed Baltusrol , Bethpage Black, Shackamaxon Country Club, San Francisco Golf Club, Cedar Crest Park, and nearby Quaker Ridge Golf Club and Wykagyl Country Club...

 in Mamaroneck, New York
Mamaroneck (town), New York
Mamaroneck is a town in Westchester County, New York, United States. The population was 29,156 at the 2010 census. There are two villages contained within the town: Larchmont and the Village of Mamaroneck...

, and also plays regularly at the other courses he owns and operates.

Business career


Trump renovated the Commodore Hotel and created the Grand Hyatt
Grand Hyatt New York
The Grand Hyatt New York is a hotel located directly east of Grand Central Terminal in Midtown Manhattan, New York City. It was originally built and opened on January 28, 1919 as The Commodore Hotel, but was completely rebuilt and modernized in 1980....

 with the Pritzker family
Pritzker family
The Pritzker family is one of America's wealthiest families, and has been near the top of Forbes magazine's "America's Richest Families" list since the magazine began in 1982....

. He also renovated the Trump Tower
Trump Tower (New York)
Trump Tower is a 58-story mixed-use skyscraper located at 725 Fifth Avenue, at the corner of East 56th Street in Midtown Manhattan, New York City. It was developed by Donald Trump and the Equitable Life Assurance Company, and designed by Der Scutt of Swanke, Hayden Connell...

 in New York City and several other residential projects. He later bought the Eastern Shuttle
Eastern Air Lines
Eastern Air Lines was a major United States airline that existed from 1926 to 1991. Before its dissolution it was headquartered at Miami International Airport in unincorporated Miami-Dade County, Florida.-History:...

 routes, and Atlantic City casino business, including acquiring the Taj Mahal Casino
Trump Taj Mahal Casino Resort
The Trump Taj Mahal is located at 1000 Boardwalk in Atlantic City, New Jersey, United States, in the casino area along the shore. The casino is one of two owned by Trump Entertainment Resorts...

 in a transaction with Merv Griffin
Merv Griffin
Mervyn Edward "Merv" Griffin, Jr. was an American television host, musician, actor, and media mogul. He began his career as a radio and big band singer who went on to appear in movies and on Broadway. From 1965 to 1986 Griffin hosted his own talk show, The Merv Griffin Show on Group W Broadcasting...

 and Resorts International.

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
Marla Maples
Marla Maples is an American actress, television personality, and socialite, best known for her marriage to businessman celebrity Donald Trump.- Personal life :...

 (whom he later married), and the resulting divorce from his first wife, Ivana Trump
Ivana Trump
Ivana Trump is a former Olympic athlete, socialite, and fashion model noted for her marriage to mogul Donald Trump.-Early years:...

.

The late 1990s saw a resurgence in his financial situation and fame. In 2001, he completed Trump World Tower
Trump World Tower
Trump World Tower is a residential skyscraper at 845 United Nations Plaza in Manhattan, New York City. Construction began in 1999 and concluded in 2001...

, a 72-story residential tower across from the United Nations Headquarters
United Nations headquarters
The headquarters of the United Nations is a complex in New York City. The complex has served as the official headquarters of the United Nations since its completion in 1952. It is located in the Turtle Bay neighborhood of Manhattan, on spacious grounds overlooking the East River...

. Also, he began construction on Trump Place
Trump Place
Riverside South is an apartment complex originated by Donald Trump and six civic partners on the Upper West Side of Manhattan, in New York City.The $3 billion project on a site between 59th Street and 72nd...

, a multi-building development along the Hudson River
Hudson River
The Hudson is a river that flows from north to south through eastern New York. The highest official source is at Lake Tear of the Clouds, on the slopes of Mount Marcy in the Adirondack Mountains. The river itself officially begins in Henderson Lake in Newcomb, New York...

. Trump owns commercial space in Trump International Hotel and Tower
Trump International Hotel and Tower (New York)
__notoc__The Trump International Hotel and Tower is a high-rise building, located at 1 Central Park West on Columbus Circle between Broadway and Central Park West, in Manhattan, New York City. It is owned by The Trump Organization and features hotel rooms and residential condominiums. The...

, a 44-story mixed-use (hotel and condominium
Condominium
A condominium, or condo, is the form of housing tenure and other real property where a specified part of a piece of real estate is individually owned while use of and access to common facilities in the piece such as hallways, heating system, elevators, exterior areas is executed under legal rights...

) tower on Columbus Circle
Columbus Circle
Columbus Circle, named for Christopher Columbus, is a major landmark and point of attraction in the New York City borough of Manhattan, located at the intersection of Eighth Avenue, Broadway, Central Park South , and Central Park West, at the southwest corner of Central Park. It is the point from...

. Trump currently owns several million square feet of prime Manhattan
Manhattan
Manhattan is the oldest and the most densely populated of the five boroughs of New York City. Located primarily on the island of Manhattan at the mouth of the Hudson River, the boundaries of the borough are identical to those of New York County, an original county of the state of New York...

 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.

Early success (1968–89)


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 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% vacancy rate to 100% occupancy within two years. The Trump Organization sold Swifton Village for $6.75 million in 1972.

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
West Side (Manhattan)
The West Side of Manhattan refers to the side of Manhattan Island which abuts the Hudson River and faces New Jersey. Fifth Avenue, Central Park, and lower Broadway separate it from the East Side. The major neighborhoods on the West Side are West Harlem, Morningside Heights, Manhattan Valley, Upper...

, 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
Jacob K. Javits Convention Center
Jacob K. Javits Convention Center is a large convention center located on Eleventh Avenue, between 34th and 38th streets, on the West side of Manhattan in New York City. It was designed by architects I. M. Pei and partners. The revolutionary space frame structure was undertaken in 1979 and...

 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
Wollman Rink
Wollman Skating Rink is a public ice rink in the southern part of Central Park, Manhattan, New York City. The rink was opened in 1949 with funds donated by Kate Wollman who donated $600,000 for the rink to commemorate her entire family from Leavenworth, Kansas)...

 in Central Park
Central Park
Central Park is a public park in the center of Manhattan in New York City, United States. The park initially opened in 1857, on of city-owned land. In 1858, Frederick Law Olmsted and Calvert Vaux won a design competition to improve and expand the park with a plan they entitled the Greensward Plan...

, 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
New Jersey Generals
The New Jersey Generals were a franchise of the United States Football League established in 1982 to begin play in the spring and summer of 1983. The team played three seasons from 1983-85, winning 31 regular-season games and losing 25 while going 0-2 in postseason competition...

. In addition, Trump at one time acted as a financial advisor for Mike Tyson
Mike Tyson
Michael Gerard "Mike" Tyson is a retired American boxer. Tyson is a former undisputed heavyweight champion of the world and holds the record as the youngest boxer to win the WBC, WBA and IBF world heavyweight titles, he was 20 years, 4 months and 22 days old...

, hosting Tyson's fight
Mike Tyson vs. Michael Spinks
Mike Tyson vs. Michael Spinks was a boxing match which took place on 27 June 1988. Both men were undefeated and each had a claim to being the legitimate heavyweight champion; Tyson held the WBA, WBC and IBF belts, while Spinks held the Ring Magazine belt and was considered the lineal champion.Held...

 against Michael Spinks
Michael Spinks
Michael Spinks is a retired American boxer who was a world champion in the light-heavyweight and heavyweight divisions...

 in Atlantic City.

Financial problems (1989–97)


By 1989, the effects of the recession
Early 1980s recession
The early 1980s recession describes the severe global economic recession affecting much of the developed world in the late 1970s and early 1980s. The United States and Japan exited recession relatively early, but high unemployment would continue to affect other OECD nations through at least 1985...

 left Trump unable to meet loan payments. Trump financed the construction of his third casino, the $1 billion Taj Mahal, primarily with high-interest junk bonds
High-yield debt
In finance, a high-yield bond is a bond that is rated below investment grade...

. Although he shored up his businesses with additional loans and postponed interest payments, by 1991 increasing debt brought Trump to business bankruptcy and the brink of personal bankruptcy
Personal bankruptcy
Personal bankruptcy is a procedure which, in certain jurisdictions, allows an individual to declare bankruptcy. In other jurisdictions, bankruptcies are reserved for corporations.-Canada:...

. Banks and bond
Bond (finance)
In finance, a bond is a debt security, in which the authorized issuer owes the holders a debt and, depending on the terms of the bond, is obliged to pay interest to use and/or to repay the principal at a later date, termed maturity...

 holders had lost hundreds of millions of dollars, but opted to restructure his debt to avoid the risk of losing more money in court. The Taj Mahal re-emerged from bankruptcy on October 5, 1991, with Trump ceding 50% ownership in the casino to the original bondholders in exchange for lowered interest rates on the debt and more time to pay it off.

On November 2, 1992, the Trump Plaza Hotel
Trump Plaza (Atlantic City)
Trump Plaza is a hotel and casino located on the Boardwalk in Atlantic City, New Jersey. Designed by architect Martin Stern, Jr., it was opened in 1984 and is one of two casinos owned by Trump Entertainment Resorts...

 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
Citibank
Citibank, a major international bank, is the consumer banking arm of financial services giant Citigroup. Citibank was founded in 1812 as the City Bank of New York, later First National City Bank of New York...

 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
Trump Shuttle
Trump Shuttle, Inc., doing business as Trump Airlines, was an airline owned by Donald Trump from 1989 to 1992. The landing rights and some of the physical assets necessary to operate the shuttle flights were originally part of Eastern Air Lines and known as the Eastern Air 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
Chase Manhattan Bank
JPMorgan Chase Bank, N.A., doing business as Chase, is a national bank that constitutes the consumer and commercial banking subsidiary of financial services firm JPMorgan Chase. The bank was known as Chase Manhattan Bank until it merged with J.P. Morgan & Co. in 2000...

, 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
Gaming Hall of Fame
The Gaming Hall of Fame was established in 1989 to recognize individuals who have played a significant role in the gaming-entertainment industry....

 in 1995.

In 1995, he combined his casino holdings into the publicly held Trump Hotels & Casino Resorts
Trump Entertainment Resorts
Trump Entertainment Resorts, Inc. is a holding company that owns and manages two casinos/hotels in Atlantic City, New Jersey, United States. Formerly known as Trump Hotels & Casino Resorts, it was founded by Donald J. Trump, who was Chairman of the Board of Directors until his resignation in 2009....

. Wall Street
Wall Street
Wall Street refers to the financial district of New York City, named after and centered on the eight-block-long street running from Broadway to South Street on the East River in Lower Manhattan. Over time, the term has become a metonym for the financial markets of the United States as a whole, or...

 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.

Legal developments (2002–05)


In January 2002, the Securities and Exchange Commission brought a financial-reporting case against Trump Hotels & Casino Resorts Inc., alleging that it had committed several "misleading statements in the company's third-quarter 1999 earnings release." The matter was settled with the defendant neither admitting nor denying the charge.

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.

Resurgence (1997–2007)


Trump has several projects under way, with varying levels of success in their progress. The Trump International Hotel and Tower – Honolulu
Trump International Hotel and Tower (Honolulu)
Trump International Hotel and Tower at Waikiki Beach Walk or Trump Tower Waikiki is a tall, tower with about 460 hotel-condo units in the Waikiki area of the City and County of Honolulu, Hawaii, United States. The building includes parking, retail and dining space, as well as a library, wine...

 seems to be a success. According to Trump, buyers paid non-refundable deposits, committing to purchase every unit on the first day they were made available. Construction of the Trump International Hotel and Tower – Chicago
Trump International Hotel and Tower (Chicago)
The Trump International Hotel and Tower, also known as Trump Tower Chicago and locally as the Trump Tower, is a skyscraper condo-hotel in downtown Chicago, Illinois. The building, named after real estate developer Donald Trump, was designed by architect Adrian Smith of Skidmore, Owings and Merrill...

 seems to be proceeding as planned, although 30% of the units remain unsold. The Trump International Hotel and Tower – Toronto
Trump International Hotel and Tower (Toronto)
Trump International Hotel & Tower, Toronto is a mixed-use skyscraper currently under construction in Toronto, Ontario, Canada. It is being built by Talon International Development Inc., which is owned by Val Levitan and Canadian businessman Alex Shnaider....

 has had a series of delays and a height reduction. The Trump Tower – Tampa
Trump Tower (Tampa)
Trump Tower Tampa is the former name of an unfinished condominium project located in downtown Tampa, Florida. The building would be visible from the end of Bayshore Boulevard and Tampa General Hospital on the Hillsborough River waterline...

 has been quite controversial because the initial sales were so successful that all deposits were returned in order to charge a higher price. Three years after construction of this controversial development began, construction has delayed and lawsuits have been filed. In Fort Lauderdale
Fort Lauderdale, Florida
Fort Lauderdale is a city in the U.S. state of Florida, on the Atlantic coast. It is the county seat of Broward County. As of the 2010 census, the city had a population of 165,521. It is a principal city of the South Florida metropolitan area, which was home to 5,564,635 people at the 2010...

, Florida, one Trump construction project was put on hold in favor of another (Trump International Hotel and Tower – Fort Lauderdale
Trump International Hotel and Tower (Fort Lauderdale)
Trump International Hotel & Tower Fort Lauderdale is the former name of an unfinished luxury condominium-hotel resort located on North Fort Lauderdale Beach Boulevard, just a few blocks from Las Olas Boulevard. Designed by Michael Graves, the building was advertised as featuring a health club, spa...

). Meanwhile, Trump Towers – Atlanta is being developed in a housing market having the nation's second-highest inventory of unsold homes.

In its October 7, 2007 Forbes 400 issue, "Acreage Aces", Forbes valued Trump's wealth at $3.0 billion. His wealth went down and then up in the 2000s recession, but according to Forbes, Trump's wealth was valued at $2.9 billion in September 2011, though Trump claimed it was much more.

Financial crisis


Sales for Trump International Hotel and Tower
Trump International Hotel and Tower (Chicago)
The Trump International Hotel and Tower, also known as Trump Tower Chicago and locally as the Trump Tower, is a skyscraper condo-hotel in downtown Chicago, Illinois. The building, named after real estate developer Donald Trump, was designed by architect Adrian Smith of Skidmore, Owings and Merrill...

 in Chicago have been lagging. Lender Deutsche Bank
Deutsche Bank
Deutsche Bank AG is a global financial service company with its headquarters in Frankfurt, Germany. It employs more than 100,000 people in over 70 countries, and has a large presence in Europe, the Americas, Asia Pacific and the emerging markets...

 refused to let Trump lower the prices on the units to spur sales. Arguing that the financial crisis and resulting drop in the real estate market is due to circumstances beyond his control
Act of God
Act of God is a legal term for events outside of human control, such as sudden floods or other natural disasters, for which no one can be held responsible.- Contract law :...

, Trump invoked a clause in the contract to not pay the loan. Deutsche Bank then noted in court that "Trump is no stranger to overdue debt" and that he had twice previously filed for bankruptcy regarding his casino operations. Trump then initiated a suit asserting that his image had been damaged. Both parties agreed to drop their suits, and sale of the units is nearly complete.

On February 17, 2009 Trump Entertainment Resorts
Trump Entertainment Resorts
Trump Entertainment Resorts, Inc. is a holding company that owns and manages two casinos/hotels in Atlantic City, New Jersey, United States. Formerly known as Trump Hotels & Casino Resorts, it was founded by Donald J. Trump, who was Chairman of the Board of Directors until his resignation in 2009....

 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
Timothy L. O'Brien
Timothy L. O'Brien is an American journalist. He is the executive editor of The Huffington Post, and the former editor of the New York Times Sunday Business section...

, 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
Deutsche Bank
Deutsche Bank AG is a global financial service company with its headquarters in Frankfurt, Germany. It employs more than 100,000 people in over 70 countries, and has a large presence in Europe, the Americas, Asia Pacific and the emerging markets...

 valued Trump's net worth at $788 million, to which Trump objected.

Business ventures


Trump branding and licensing


Trump has succeeded in marketing the Trump name on a large number of products, including Trump Financial
Trump Mortgage
Trump Mortgage is a real estate financing company founded by Donald Trump and E. J. Ridings .In December 2006, it was reported that Ridings had exaggerated and invented items on his resume....

 (a mortgage firm), Trump Sales and Leasing (residential sales), Trump University
Trump University
The Trump Entrepreneur Initiative is an online education company owned and founded by real estate businessman Donald J. Trump, Sr. It is part of the Trump Organization. It offers courses in real estate, asset management, entrepreneurship, and wealth creation, charging fees ranging from $1500 to...

 (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
The Learning Annex
The Learning Annex is a private continuing adult education school based in New York. It was founded in 1980 by Bill Zanker in his New York City studio apartment with an investment of only $5,000...

. Trump also has a business simulation game called Donald Trump's Real Estate Tycoon
Donald Trump's Real Estate Tycoon
Real Estate Tycoon is a business simulation game created by Airborne. It is perhaps the only game of its kind tributed to real life entrepreneur.-Game play:...

.

In 2011, Forbes reported that its financial experts had estimated the value of the Trump brand
Brand equity
Brand equity is the marketing effects and outcomes that accrue to a product with its brand name compared with those that would accrue if the same product did not have the brand name. Fact of the well-known brand name is that, the company can sometimes charge premium prices from the consumer . And,...

 at $200 million. Trump disputes this valuation, saying that his brand is worth about $3 billion.

Many developers pay Trump to market their properties and to be the public face for their projects. For that reason, Trump does not own many of the buildings that display his name. According to Forbes, this portion of Trump's empire, actually run by his children, is by far his most valuable, having a $562 million valuation. According to Forbes there are 33 licensing projects under development including seven "condo hotels" (the seven Trump International Hotel and Tower developments).

Other ventures


Other investments include 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
Bain Capital
Bain Capital LLC is a Boston-based private equity firm founded in 1984 by partners from the consulting firm Bain & Company. Originally conceived as an early-stage, growth-oriented investment fund, Bain Capital today manages approximately $65 billion in assets, and its strategies include private...

, Kohlberg Kravis Roberts, and LamboNuni Bank reportedly for $600 million. Donald Trump's 1/3 share was $200 million, which he later used to finance Trump Casino & Resorts
Trump Entertainment Resorts
Trump Entertainment Resorts, Inc. is a holding company that owns and manages two casinos/hotels in Atlantic City, New Jersey, United States. Formerly known as Trump Hotels & Casino Resorts, it was founded by Donald J. Trump, who was Chairman of the Board of Directors until his resignation in 2009....

.

In 2006 Donald Trump bought the Menie
Menie
Balmedie is a rapidly growing village in Aberdeenshire in Scotland. It lies north of the city of Aberdeen, in the civil parish of Belhelvie. The long and wide beach of clean golden sand is bordered by an extensive dune system that stretches from Aberdeen to just north of the Ythan Estuary at...

 estate on the coast north of Aberdeen
Aberdeen
Aberdeen is Scotland's third most populous city, one of Scotland's 32 local government council areas and the United Kingdom's 25th most populous city, with an official population estimate of ....

, Scotland announcing that he intended to create the best golf course in the world. The project includes plans for a hotel, holiday homes, housing and two golf courses. It led to controversy, initially because the coastal dunes were designated a site of special scientific interest
Site of Special Scientific Interest
A Site of Special Scientific Interest is a conservation designation denoting a protected area in the United Kingdom. SSSIs are the basic building block of site-based nature conservation legislation and most other legal nature/geological conservation designations in Great Britain are based upon...

 (SSSI); opposition was voiced by environmentalists and local residents and planning permission was initially refused by Aberdeenshire Council. In 2008 the local authority was overruled by the Scottish government, First Minister
First Minister of Scotland
The First Minister of Scotland is the political leader of Scotland and head of the Scottish Government. The First Minister chairs the Scottish Cabinet and is primarily responsible for the formulation, development and presentation of Scottish Government policy...

 Alex Salmond
Alex Salmond
Alexander Elliot Anderson "Alex" Salmond MSP is a Scottish politician and current First Minister of Scotland. He became Scotland's fourth First Minister in May 2007. He is the Leader of the Scottish National Party , having served as Member of the Scottish Parliament for Gordon...

 citing economic benefits Trump had promised as justifying the unusual step of permitting development on an SSSI. In 2009, Aberdeenshire Council received a request on behalf of Trump International Golf Links Scotland to approve compulsory purchase orders on a number of local homes. A protest group campaigned actively, using mass land purchase as a tactic. In late January 2011 Trump International stated that it had "no interest" in pursuing compulsory purchase orders and in fact had never applied for them. A 2011 documentary, 'You've been Trumped' by Anthony Baxter, follows the development's progress, showing Trump speaking locally about his ambitions for the project and being honoured in Aberdeen by Robert Gordon's University. It also queries the supposed economic benefits, the ecological impact and the effect on local residents.

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
Tavern on the Green
Tavern on the Green was a privately owned American cuisine restaurant located in Central Park on the Upper West Side of Manhattan, in New York City. It remained in operation from 1934 to 2009 under various owners...

 restaurant in Central Park.

Beauty pageants


The Miss Universe Organization
Miss Universe Organization
The Miss Universe Organization is the organization that currently owns and runs the Miss Universe, Miss USA and Miss Teen USA beauty contests. Based in New York, it is owned jointly by NBC Universal and Donald Trump. The current president is Paula Shugart...

 is owned by Donald Trump and the National Broadcasting Company (NBC
NBC
The National Broadcasting Company is an American commercial broadcasting television network and former radio network headquartered in the GE Building in New York City's Rockefeller Center with additional major offices near Los Angeles and in Chicago...

). The organization produces the Miss Universe
Miss Universe
Miss Universe is an annual international beauty contest that is run by the Miss Universe Organization. The pageant is the most publicized beauty contest in the world with 600 million viewers....

, Miss USA
Miss USA
The Miss USA beauty contest has been held annually since 1952 to select the United States entrant in the Miss Universe pageant. The Miss Universe Organization operates both pageants, as well as Miss Teen USA...

, and Miss Teen USA
Miss Teen USA
Miss Teen USA is a beauty pageant run by the Miss Universe Organization for girls aged 14–19. The reigning titleholder is Danielle Doty of Texas....

 pageants.

In December 2006, talk show host Rosie O'Donnell
Rosie O'Donnell
Roseann "Rosie" O'Donnell is an American stand-up comedian, actress, author and television personality. She has also been a magazine editor and continues to be a celebrity blogger, LGBT rights activist, television producer and collaborative partner in the LGBT family vacation company R Family...

 criticized Trump's lenience toward Miss USA, Tara Conner
Tara Conner
Tara Elizabeth Conner is an American beauty queen and model, who was Miss USA 2006 and has also competed in the Miss Teen USA and Miss Universe pageants. Apart from her role as Miss USA, Conner has been employed as a model. She was a featured model on the HDNet series Bikini Fantasies in 2004,...

, who had violated pageant behavioral guidelines. This sparked a tabloid
Tabloid journalism
Tabloid journalism tends to emphasize topics such as sensational crime stories, astrology, gossip columns about the personal lives of celebrities and sports stars, and junk food news...

 war between the two celebrities which lasted for several weeks thereafter.

Entertainment media


Donald Trump, a two-time Emmy Award
Emmy Award
An Emmy Award, often referred to simply as the Emmy, is a television production award, similar in nature to the Peabody Awards but more focused on entertainment, and is considered the television equivalent to the Academy Awards and the Grammy Awards .A majority of Emmys are presented in various...

-nominated personality, has made appearances as a caricatured version of himself in television series and films (e.g. Home Alone 2: Lost in New York
Home Alone 2: Lost in New York
Home Alone 2: Lost in New York is a 1992 American Christmas comedy film written and produced by John Hughes and directed by Chris Columbus. It is the second film in the Home Alone series and the direct sequel to Home Alone. The film stars Macaulay Culkin in the lead role as Kevin McCallister, while...

,
The Nanny
The Nanny (TV series)
The Nanny is an American television sitcom co-produced by Sternin & Fraser Ink, Inc., and Fran Drescher in association with TriStar Television for the CBS network...

,
The Fresh Prince of Bel-Air
The Fresh Prince of Bel-Air
The Fresh Prince of Bel-Air is an American television sitcom that originally aired on NBC from September 10, 1990 to May 20, 1996. The show stars Will Smith as a fictionalized version of himself, a street-smart teenager from West Philadelphia who is sent to move in with his aunt and uncle in their...

, Days of our Lives
Days of our Lives
Days of our Lives is a long running daytime soap opera broadcast on the NBC television network. It is one of the longest-running scripted television programs in the world, airing nearly every weekday in the United States since November 8, 1965. It has since been syndicated to many countries around...

, Wall Street: Money Never Sleeps.), and as a character (The Little Rascals
The Little Rascals (1994 film)
The Little Rascals is a 1994 American comedy film produced by Amblin Entertainment, and released by Universal Pictures on August 5, 1994. The film is an adaptation of Hal Roach's Our Gang, a series of short films of the 1920s, 1930s, and 1940s which centered around the adventures of a group of...

). He has been the subject of comedians, flash cartoon artists, and online caricature artists.

In March 2011, Trump was the subject of a Comedy Central Roast
Comedy Central Roast
The Comedy Central Roasts are a series of celebrity roast specials which air on the Comedy Central cable network.-History:Between 1998 and 2001, Comedy Central produced and televised the annual roasts of the New York Friars' Club. After the original five-year agreement expired, the network began...

. The special was hosted by Seth MacFarlane
Seth MacFarlane
Seth Woodbury MacFarlane is an American animator, writer, comedian, producer, actor, singer, voice actor, and director best known for creating the animated sitcoms Family Guy, American Dad! and The Cleveland Show, for which he also voices many of the shows' various characters.A native of Kent,...

, and roasters included Larry King
Larry King
Lawrence Harvey "Larry" King is an American television and radio host whose work has been recognized with awards including two Peabodys and ten Cable ACE Awards....

, Snoop Dogg
Snoop Dogg
Calvin Cordozar Broadus, Jr. , better known by his stage name Snoop Dogg, is an American rapper, record producer, and actor. Snoop is best known as a rapper in the West Coast hip hop scene, and for being one of Dr. Dre's most notable protégés. Snoop Dogg was a Crip gang member while in high school...

, and Anthony Jeselnik
Anthony Jeselnik
Anthony Jeselnik is an American stand-up comedian and television writer.-Personal life:Jeselnik was born and raised in Pittsburgh, Pennsylvania. He earned a bachelors degree in English Literature from Tulane University, then moved to Los Angeles...

 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
Seth Meyers
Seth Adam Meyers is an American actor and comedian. He currently serves as head writer for Saturday Night Live and hosts its news parody segment Weekend Update.-Early life:...

. President Obama used the occasion to present several prepared jokes mocking Trump.

The Apprentice



In 2003, Trump became the executive producer and host of the NBC
NBC
The National Broadcasting Company is an American commercial broadcasting television network and former radio network headquartered in the GE Building in New York City's Rockefeller Center with additional major offices near Los Angeles and in Chicago...

 reality show, The Apprentice
The Apprentice (U.S. TV series)
The Apprentice is an American reality television show hosted by real estate magnate, businessman and television personality Donald Trump, created by Mark Burnett and broadcast on NBC...

, in which a group of competitors battled for a high-level management job in one of Trump's commercial enterprises. The other contestants were successively "fired" and eliminated from the game. In 2004, Donald Trump filed a trademark application for the catchphrase "You're fired."

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
Hollywood Walk of Fame
The Hollywood Walk of Fame consists of more than 2,400 five-pointed terrazzo and brass stars embedded in the sidewalks along fifteen blocks of Hollywood Boulevard and three blocks of Vine Street in Hollywood, California...

 for his contribution to television (The Apprentice).

Along with British TV producer Mark Burnett
Mark Burnett
Mark Burnett is a British television producer and executive producer, based in the United States. He currently is the executive producer of five network television series with seven hours of network programming. Works with which Burnett is associated have won multiple awards and recognition...

, 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.

World Wrestling Entertainment


Trump is a known World Wrestling Entertainment
World Wrestling Entertainment
World Wrestling Entertainment, Inc. is an American publicly traded, privately controlled entertainment company dealing primarily in professional wrestling, with major revenue sources also coming from film, music, product licensing, and direct product sales...

 fan and friend of WWE owner Vince McMahon
Vince McMahon
Vincent Kennedy "Vince" McMahon is an American professional wrestling promoter, announcer, commentator, film producer, actor and former occasional professional wrestler. McMahon is the current Chairman, CEO and Chairman of the Executive Committee of professional wrestling promotion WWE...

. He has hosted two WrestleMania
WrestleMania
WrestleMania is a professional wrestling pay-per-view event, produced annually in late March or early April by WWE, a professional wrestling promotion based in Connecticut...

 events in the Trump Plaza and has been an active participant in several of the shows. Trump's Trump Taj Mahal in Atlantic City was host to the 1991 WBF Championship
World Bodybuilding Federation
The World Bodybuilding Federation was a bodybuilding organization founded in 1990 by Vince McMahon that lasted until 1992. It was a subsidiary of Titan Sports which owned and operated the World Wrestling Federation.-Creation:...

 (which was owned by WWE, known at the time as the "World Wrestling Federation."). Trump was interviewed by Jesse Ventura
Jesse Ventura
James George Janos , better known as Jesse Ventura, is an American politician, the 38th Governor of Minnesota from 1999 to 2003, Navy UDT veteran, former SEAL reservist, actor, and former radio and television talk show host...

 ringside at WrestleMania XX
WrestleMania XX
WrestleMania XX was the twentieth WrestleMania professional wrestling pay-per-view produced by World Wrestling Entertainment . It took place on March 14, 2004 at Madison Square Garden in New York....

. He also appeared at WrestleMania 23
WrestleMania 23
WrestleMania 23 was the twenty-third annual WrestleMania professional wrestling pay-per-view event produced by World Wrestling Entertainment . It took place on April 1, 2007 at Ford Field in Detroit, Michigan...

 in the corner of Bobby Lashley who competed against Umaga
Eddie Fatu
Edward Smith "Eki" Fatu was a Samoan-American professional wrestler better known by his ring name Umaga...

 with WWE Chairman McMahon in his corner, in a hair versus hair match, with either Trump or McMahon having their head shaved if their competitor lost. Lashley won the match, and he and Trump both proceeded to shave McMahon bald.

On June 15, 2009, as part of a storyline
Kayfabe
In professional wrestling, kayfabe is the portrayal of events within the industry as "real" or "true". Specifically, the portrayal of professional wrestling, in particular the competition and rivalries between participants, as being genuine or not of a worked nature...

, McMahon announced on WWE Raw
WWE RAW
WWE Raw ) is a sports entertainment television program for WWE that currently airs on the USA Network in the United States...

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
Music in professional wrestling
Music in professional wrestling serves a variety of purposes. The most common uses of music in professional wrestling is that of the entrance theme, a song or piece of instrumental music which plays as a performer approaches the ring...

 "Money, Money" was written by Jim Johnston
Jim Johnston (composer)
James Alan "Jim" Johnston is an American music composer who has been working for WWE since 1985. His work is often accredited to the names Jim Johnston, James A...

.

2000s


In the 2000 election
United States presidential election, 2000
The United States presidential election of 2000 was a contest between Republican candidate George W. Bush, then-governor of Texas and son of former president George H. W. Bush , and Democratic candidate Al Gore, then-Vice President....

, Trump expressed a desire to run as a third-party
Third party (United States)
The term third party is used in the United States for any and all political parties in the United States other than one of the two major parties . The term can also refer to independent politicians not affiliated with any party at all and to write-in candidates.The United States has had a...

 candidate for the United States presidency, considering running nomination by the
Reform Party (United States) presidential primaries, 2000
Following Ross Perot's impressive showing during the 1996 presidential election, the Reform Party of the United States of America became the country's largest third party. The party's 2000 presidential candidate would be entitled to $12.5 million in matching funds. Several high-profile candidates...

 Reform Party
Reform Party of the United States of America
The Reform Party of the United States of America is a political party in the United States, founded in 1995 by Ross Perot...

 as a business conservative
Fiscal conservatism
Fiscal conservatism is a political term used to describe a fiscal policy that advocates avoiding deficit spending. Fiscal conservatives often consider reduction of overall government spending and national debt as well as ensuring balanced budget of paramount importance...

, socially moderate candidate. In his 2000 tome, The America We Deserve, economic policies Trump proposed include:
  • Institution of a once-only 14.25% tax on personal estates and trusts over $10 million, which he estimated would raise $5.7 trillion in revenue toward retirement of the national debt, tax cuts for the middle class, and supplementing the funding of Social Security, Medicare and Medicaid; and, by way of compensating this one-time tax on the wealthy, permanent abolition of the 55% federal inheritance tax
    Inheritance tax
    An inheritance tax or estate tax is a levy paid by a person who inherits money or property or a tax on the estate of a person who has died...

    .
  • Repeal of limits on campaign contributions, combined with outlawing soft money campaign contributions
  • Regarding universal health care
    Universal health care
    Universal health care is a term referring to organized health care systems built around the principle of universal coverage for all members of society, combining mechanisms for health financing and service provision.-History:...

    , Trump touted himself as "a conservative on most issues, but a liberal on this one. Working out detailed plans will take time. But the goal should be clear: Our people are our greatest asset."
  • Renegotiation of U.S. trade policies


For 2004 and 2008
Republican Party (United States) presidential primaries, 2008
The 2008 Republican presidential primaries were the selection process by which voters of the Republican Party chose its nominee for President of the United States in the 2008 U.S. presidential election...

, Trump speculated about running for President in the Republican party and for 2006
New York gubernatorial election, 2006
The New York gubernatorial election of 2006 was a race for the governorship of this U.S. state. Eliot Spitzer was elected on November 7, 2006, succeeding Governor George Pataki, the three-term incumbent, who did not run for a fourth term....

 considered running for governor of New York
Governor of New York
The Governor of the State of New York is the chief executive of the State of New York. The governor is the head of the executive branch of New York's state government and the commander-in-chief of the state's military and naval forces. The officeholder is afforded the courtesy title of His/Her...

 as a representative of the party
In October 2007, Trump appeared on Larry King Live
Larry King Live
Larry King Live is an American talk show hosted by Larry King on CNN from 1985 to 2010. It was CNN's most watched and longest-running program, with over one million viewers nightly....

and delivered a strong criticism of then-United States President George W. Bush
George W. Bush
George Walker Bush is an American politician who served as the 43rd President of the United States, from 2001 to 2009. Before that, he was the 46th Governor of Texas, having served from 1995 to 2000....

, particularly concerning the Iraq War. He speculated that Rudy Giuliani
Rudy Giuliani
Rudolph William Louis "Rudy" Giuliani KBE is an American lawyer, businessman, and politician from New York. He served as Mayor of New York City from 1994 to 2001....

 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
The Situation Room
The Situation Room with Wolf Blitzer is an afternoon/early evening newscast on CNN and CNN International hosted by Wolf Blitzer that first aired on August 8, 2005. The show replaces three politics and hard news programs: Judy Woodruff's Inside Politics, Crossfire and Wolf Blitzer Reports.At first,...

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
John McCain
John Sidney McCain III is the senior United States Senator from Arizona. He was the Republican nominee for president in the 2008 United States election....

 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
Independent (voter)
An independent voter, those who register as an unaffiliated voter in the United States, is a voter of a democratic country who does not align him- or herself with a political party...

 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 and Democratic Party candidates. These have included Republicans John McCain, Rudolph Giuliani, Newt Gingrich
Newt Gingrich
Newton Leroy "Newt" Gingrich is a U.S. Republican Party politician who served as the House Minority Whip from 1989 to 1995 and as the 58th Speaker of the U.S. House of Representatives from 1995 to 1999....

, and George W. Bush and Democrats Ted Kennedy
Ted Kennedy
Edward Moore "Ted" Kennedy was a United States Senator from Massachusetts and a member of the Democratic Party. Serving almost 47 years, he was the second most senior member of the Senate when he died and is the fourth-longest-serving senator in United States history...

, John Kerry
John Kerry
John Forbes Kerry is the senior United States Senator from Massachusetts, the 10th most senior U.S. Senator and chairman of the Senate Foreign Relations Committee. He was the presidential nominee of the Democratic Party in the 2004 presidential election, but lost to former President George W...

, Tom Daschle
Tom Daschle
Thomas Andrew "Tom" Daschle is a former U.S. Senator from South Dakota and former U.S. Senate Majority Leader. He is a member of the Democratic Party....

, Joe Biden
Joe Biden
Joseph Robinette "Joe" Biden, Jr. is the 47th and current Vice President of the United States, serving under President Barack Obama...

, Harry Reid
Harry Reid
Harry Mason Reid is the senior United States Senator from Nevada, serving since 1987. A member of the Democratic Party, he has been the Senate Majority Leader since January 2007, having previously served as Minority Leader and Minority and Majority Whip.Previously, Reid was a member of the U.S...

, Rahm Emanuel
Rahm Emanuel
Rahm Israel Emanuel is an American politician and the 55th and current Mayor of Chicago. He was formerly White House Chief of Staff to President Barack Obama...

, Hillary Clinton, Anthony Weiner, Charles Schumer
Charles Schumer
Charles Ellis "Chuck" Schumer is the senior United States Senator from New York and a member of the Democratic Party. First elected in 1998, he defeated three-term Republican incumbent Al D'Amato by a margin of 55%–44%. He was easily re-elected in 2004 by a margin of 71%–24% and in 2010 by a...

, Kirsten Gillibrand
Kirsten Gillibrand
Kirsten Elizabeth Rutnik Gillibrand is an attorney and the junior United States Senator from the state of New York and a member of the Democratic Party...

, and Charles Rangel).

2012 politics and potential presidential candidacy


In 2010, Trump said he considered himself a potential candidate for President of the United States in the 2012 election
United States presidential election, 2012
The United States presidential election of 2012 is the next United States presidential election, to be held on Tuesday, November 6, 2012. It will be the 57th quadrennial presidential election in which presidential electors, who will actually elect the President and the Vice President of the United...

. In his primary campaign
Republican Party (United States) presidential primaries, 2012
The 2012 Republican presidential primaries are the selection processes in which voters of the Republican Party will choose their nominee for President of the United States in the 2012 presidential election. The primary contest began with a fairly wide field, and is the first presidential primary...

, Trump has made a February speech to a CPAC
Conservative Political Action Conference
The Conservative Political Action Conference is an annual political conference attended by conservative activists and elected officials from across the United States....

 gathering, an early venue for candidates considering a presidential run, as a write-in candidate in its straw poll
Straw poll
A straw poll or straw vote is a vote with nonbinding results. Straw polls provide dialogue among movements within large groups, reflecting trends like organization and motivation...

 for the office. A Wall Street Journal/NBC News poll released in March 2011 found Donald Trump leading among potential contenders for the Republican nomination for President of the United States, one point ahead of former Massachusetts Governor Mitt Romney
Mitt Romney
Willard Mitt Romney is an American businessman and politician. He was the 70th Governor of Massachusetts from 2003 to 2007 and is a candidate for the 2012 Republican Party presidential nomination.The son of George W...

. A Newsweek poll conducted February 2011 showed Trump within a few points of Obama, with many voters undecided in the November 2012 general election for President of the United States against Barack Obama
Barack Obama
Barack Hussein Obama II is the 44th and current President of the United States. He is the first African American to hold the office. Obama previously served as a United States Senator from Illinois, from January 2005 until he resigned following his victory in the 2008 presidential election.Born in...

. A poll released in April 2011 by Public Policy Polling showed Trump having a nine point lead in a potential contest for the Republican nomination for President of the United States. A poll conducted on May 10, 2011, showed Trump tied for fifth place with Ron Paul among Republicans.

Speaking to an audience in Boca Raton, Florida on April 16, 2011, Trump said that voter reaction to George W. Bush
George W. Bush
George Walker Bush is an American politician who served as the 43rd President of the United States, from 2001 to 2009. Before that, he was the 46th Governor of Texas, having served from 1995 to 2000....

's performance as U.S. President was the cause for the election of his successor, Barack Obama
Barack Obama
Barack Hussein Obama II is the 44th and current President of the United States. He is the first African American to hold the office. Obama previously served as a United States Senator from Illinois, from January 2005 until he resigned following his victory in the 2008 presidential election.Born in...

, 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
Pro-life
Opposition to the legalization of abortion is centered around the pro-life, or anti-abortion, movement, a social and political movement opposing elective abortion on moral grounds and supporting its legal prohibition or restriction...

, against same-sex marriage
Same-sex marriage
Same-sex marriage is marriage between two persons of the same biological sex or social gender. Supporters of legal recognition for same-sex marriage typically refer to such recognition as marriage equality....

, anti-gun control
Gun control
Gun control is any law, policy, practice, or proposal designed to restrict or limit the possession, production, importation, shipment, sale, and/or use of guns or other firearms by private citizens...

, advocating the repeal and replacement of Patient Protection and Affordable Care Act
Patient Protection and Affordable Care Act
The Patient Protection and Affordable Care Act is a United States federal statute signed into law by President Barack Obama on March 23, 2010. The law is the principal health care reform legislation of the 111th United States Congress...

, 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
War in Afghanistan (2001–present)
The War in Afghanistan began on October 7, 2001, as the armed forces of the United States of America, the United Kingdom, Australia, and the Afghan United Front launched Operation Enduring Freedom...

.

His campaign has been reported by some media as a possible promotional tool for his reality show The Apprentice
The Apprentice (U.S. TV series)
The Apprentice is an American reality television show hosted by real estate magnate, businessman and television personality Donald Trump, created by Mark Burnett and broadcast on NBC...

. 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
Saint Anselm College
Saint Anselm College is a nationally ranked, private, Benedictine, Catholic liberal arts college in Goffstown, New Hampshire. Founded in 1889 by Abbot Hilary Pfrängle, O.S.B. of Saint Mary's Abbey in Newark, New Jersey, at the request of Bishop Denis M. Bradley of Manchester, New Hampshire, the...

, 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
NY1
NY1, New York One, is a 24-hour cable-news television channel focusing on the five boroughs of New York City. In addition to news and weather forecasts, the channel also features human-interest segments such as the "New Yorker of the Week" and the "Scholar Athlete of the Week", and specialty...

 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
Indianapolis 500
The Indianapolis 500-Mile Race, also known as the Indianapolis 500, the 500 Miles at Indianapolis, the Indy 500 or The 500, is an American automobile race, held annually, typically on the last weekend in May at the Indianapolis Motor Speedway in Speedway, Indiana...

 as was previously announced a month earlier by the Indianapolis Motor Speedway
Indianapolis Motor Speedway
The Indianapolis Motor Speedway, located in Speedway, Indiana in the United States, is the home of the Indianapolis 500-Mile Race and the Brickyard 400....

 (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."

Statements regarding President Obama


Speaking to an audience in Boca Raton, Florida on April 16, 2011, Trump contended that voter reaction to George W. Bush
George W. Bush
George Walker Bush is an American politician who served as the 43rd President of the United States, from 2001 to 2009. Before that, he was the 46th Governor of Texas, having served from 1995 to 2000....

's performance as U.S. President was the cause for the election of his successor, Barack Obama
Barack Obama
Barack Hussein Obama II is the 44th and current President of the United States. He is the first African American to hold the office. Obama previously served as a United States Senator from Illinois, from January 2005 until he resigned following his victory in the 2008 presidential election.Born in...

, and further that Obama would probably be known as the worst president in U.S. history.

Trump has promoted conspiracy theories about Obama's citizenship status
Barack Obama citizenship conspiracy theories
Conspiracy theories about the citizenship of Barack Obama claim that Barack Obama is not a natural-born citizen of the United States and is therefore not eligible to be President of the United States under Article Two of the U.S. Constitution. Some theories allege that Obama was born in Kenya, not...

 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°
Anderson Cooper 360°
Anderson Cooper 360° is a one-hour television news show on CNN, hosted by the American journalist Anderson Cooper. It is also broadcast around the world on CNN International....

on CNN
CNN
Cable News Network is a U.S. cable news channel founded in 1980 by Ted Turner. Upon its launch, CNN was the first channel to provide 24-hour television news coverage, and the first all-news television channel in the United States...

, 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
White House
The White House is the official residence and principal workplace of the president of the United States. Located at 1600 Pennsylvania Avenue NW in Washington, D.C., the house was designed by Irish-born James Hoban, and built between 1792 and 1800 of white-painted Aquia sandstone in the Neoclassical...

. 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%.


On the Today Show on October 19, 2011, Trump stated that "I could vote for anybody over President Obama. President Obama has been a total and complete disaster."

External links