donald trump Once again he has become the president of America. He was in the electoral field on behalf of the Republican Party. He has defeated Kamala Harris in this election. You must have seen Donald Trump as a flamboyant leader and a powerful speaker. But did you know that Donald Trump is also called the king of real estate? Yes, before entering politics he was in the real estate world. Trump is the fourth child of New York real estate magnate Fred Trump. Trump says he got into real estate by borrowing $1 million from his father.
Why is Trump the king of real estate?
Trump took over his father’s portfolio of residential projects. He assumed management of the company in 1971. He changed the name of the company to the Trump Organization. His company changed the name of the deteriorating Commodore Hotel to the Grand Hyatt. His firm worked on Manhattan projects, followed by residential units in Brooklyn and Queens. He built Trump Tower on famous Fifth Avenue. This is also Trump’s most popular property. Trump lived here for many years. Donald Trump’s properties are not only in the United States but throughout the world. These Trump properties include hotels, golf courses, casinos and condominiums. They range from Las Vegas, Atlantic City and Chicago to Türkiye, the Philippines and India.
colorful billionaire
Before becoming president, Donald Trump was famous for being a colorful billionaire. Not only in the real estate sector, he was also well known in the world of entertainment. He owned the Miss Universe, Miss USA, and Miss Teen USA beauty pageants. He was also the producer and host of the NBC reality show The Apprentice. Trump also wrote many books. He has also been accused many times of having affairs with other women. Trump was also convicted in 2006 on serious charges of falsifying business records to conceal an alleged relationship with adult film actress Stormy Daniels.
Declared bankruptcy 6 times
You will be surprised to know that Donald Trump had also filed for business bankruptcy 6 times. His companies like Trump Steaks and Trump University failed. In 2020, New York Times reporting also revealed years of income tax evasion and continued financial losses for Trump’s companies.
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