Under the care of parents, relatives and friends, Trump was full of confidence and vitality since he was a child, and he could not calm down and study hard. /kloc-when he was 0/3 years old, his parents had to send him to the "New York Military Academy", hoping that the strict training in the military academy would help him strive for the top. During his study in the military academy, Trump was very popular, not only with excellent academic performance, but also as an athlete. 1964 when he graduated from the military academy, his leadership temperament had already taken shape.
After leaving the military school, Trump was admitted to Wharton Business School, which belongs to the Ivy League. During his college years, Trump assiduously studied new knowledge in the business field, cultivated a shrewd business vision, and combined with his father's business secrets, prepared to make a big impact in the business world in his senior year. From time to time, he went abroad to inspect the latest and future economic trends and deeply realized that the most important business strategy today is "marketing".
As soon as he graduated from college, Trump entered the real estate company founded by his father. Although he helped his father manage his business every summer during his four years in college, he didn't want to stay in Queens, new york, where his life circle was very narrow. He would rather move to the bustling Manhattan alone, reach out bravely and get to know many rich and powerful political and economic celebrities in the senior social circle, which will be of great help to his future real estate development.
Trump thinks he is more ambitious than his father. Seeing the economic potential of new york City, he began to build magnificent and conspicuous high-rise buildings to earn higher profits. 1974, the Pennsylvania Central Railway Company located in Manhattan, new york declared bankruptcy. Trump immediately bought the property and suggested to the government to build a "municipal conference center" here, but it was not until 1978 that the New York City Government approved it. Trump asked the city government to name the conference center after Trump, but it was rejected by the city government.
1975, Trump bought a shabby hotel near Grand Central Station in New York for 10 million dollars. After five years of planning, he not only persuaded the municipal government to grant a 40-year tax reduction and successfully completed the loan procedures, but also personally supervised the reconstruction project. 1980 The Hyatt Regency completed is an important milestone in Trump's real estate career. He hired a famous architect, designed a novel and beautiful hotel appearance, attracted an endless stream of guests, and the business is still very prosperous. The success of Hyatt Hotel shows Trump's outstanding enterprise talent. He is only 34 years old and is already quite famous in new york. Then, Trump Tower, a 68-story comprehensive commercial building, was built in new york's Manhattan business district at a cost of $200 million, providing spacious offices, boutiques and luxury apartments for high-income people, attracting numerous long-term tenants. Trump earned a lot of money and continued to climb more challenging peaks.
Trump gradually extended his investment to industries other than real estate, opening casinos, operating shipping, taking charge of professional football teams and sponsoring professional boxing competitions. In the process of accumulating wealth, he crowned his name on every real estate and investment undertaking under his command, and even the plastic bucket for customers to put coins in the Taj Mahal casino he owned was printed with Trump's name. Because of the glory and fame accumulated by wealth, he can't help feeling smug and reveling in the illusory money game and dissolute life.
Due to years of deep contacts in the political and economic circles, Trump easily expanded his credit and invested more and more. And arrogantly in the name of "Trump", several banks are willing to provide him with a loan line of10 million US dollars at any time. Trump often expresses his views on the current situation in the media, and his words are not surprisingly endless, which makes Trump, who is already arrogant and confident, even more arrogant.
He has a wealth of business knowledge, but because of gambling and courage, he often deliberately violates the rules when investing and trading. When the competition in shopping malls is fierce, most people will cut prices and demand sales. Trump is more competitive and raises prices. Even though he lost some business, he was not ashamed and insisted on rampaging through the mall with his unique trading skills.
1965-In the early 1990s, the real estate industry in the United States was sluggish, and the property owned by Trump also depreciated, resulting in a decrease in income. His personal assets plummeted from $654.38+07 billion to $500 million. In order to avoid bankruptcy, Trump often dispatches working capital. At that time, he was heavily in debt, and the interest burden alone was as high as more than 200 million dollars every year.
When Trump was in financial trouble, the extramarital affair was exposed, and the happy marriage that was originally envied by the American people was instantly broken. 1990 The news of the Trump couple's divorce caused a sensation in the United States. The banking group that once generously lent Trump a huge sum of money realized that once Trump declared bankruptcy, he would not only lose interest, but also might not get his own capital back, so the bank allowed him to suspend paying part of the loan interest. The bail-out plan also stipulates that the banking group will temporarily supervise Trump's real estate until he is able to repay his debts. At that time, according to the regulations of the American Bankruptcy Committee, his lunch could not exceed 10.
Three years later, Trump remarried, but unfortunately this marriage only lasted for six years and then parted ways. Trump, who has always liked to be ostentatious, still faces marriage and scandals with a cynical attitude. He even threatened that it would only enhance his popularity. Trump is not handsome, but because he is smart and humorous, he became a famous single aristocrat in the United States after his second divorce. While dealing with debts, he continued to implement his carefully formulated investment plan and gradually recovered the real estate supervised by the banking group.
From 65438 to 0999, Trump was once again active in investment activities in real estate, casinos, entertainment, sports and transportation. Now, Trump says his net worth has exceeded $3 billion.