Donald Trump

Date of Birth: June 14, 1946

Donald John Trump was the 45th President of the United States (2017-2021) from the Republican Party, entrepreneur, billionaire.

Place of Birth. Education. He was born in New York into a wealthy family of contractor Fred Trump. He attended the Kue-Forest School in Queens and then the New York Military Academy, where he proved to be a very talented athlete and organizer.

According to Trump's own words, after graduating from the military academy in 1964, he dreamed of going to a film school but decided that real estate was the most profitable business. He began his studies at Fordham University but dropped out after two years and enrolled at the Wharton School of Business at the University of Pennsylvania.

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1968 - after graduating from Wharton, Trump received a Bachelor of Economics with a specialization in finance. At that time, his father's company was active in the real estate market, and Donald Trump began to work in the family business.

Business. At his father's company, he started renting homes for the middle class in Brooklyn, Queens, and Staten Island. In 1971, Trump moved to Manhattan, where he saw great potential for development and high profits through architectural design.

In 1989, financial difficulties began for Trump due to a financial crisis as he could not repay his loans on time. In particular, he invested $1 billion in the construction of his third casino, Trump Taj Mahal, but by 1991, rising debts brought him to the brink of bankruptcy, and he handed over 50% of his stake to the bondholders. By 1994, Trump had paid off most of his personal debts of $900 million and significantly reduced business debts - about $3.5 billion. Although he had to abandon the Trump Shuttle airline in 1989, he managed to retain the Trump Tower in New York and continue as CEO of three casinos in Atlantic City.

1995 - merger of the casinos into a public company called Trump Hotels & Casino Resorts. The company turned out to be unprofitable, and in 2004, Trump stepped down as CEO but remained chairman of the board. In May 2005, the company resumed operations under the name Trump Entertainment Resorts Holdings. Due to the financial crisis of 2008, the company's management filed for bankruptcy, and Trump resigned from the board.

Since the late 1990s, Trump has been working on several projects in skyscraper construction - hotels and office buildings. Despite some obstacles, Trump’s real estate business has been very successful overall, allowing him to even license his own brand under which construction projects were realized.

Wealth. Trump owns numerous properties, including skyscrapers: Trump World Tower, Trump Tower on Fifth Avenue, AXA Center, The Trump Building in New York, 555 California Street in San Francisco, the Trump International Hotel 'Las Vegas', the Trump International Hotel and Tower - Chicago, the Trump International Hotel and Tower - New York, as well as the under-construction Trump Place (the largest private construction project in New York City's history). He also owns casinos that belong to Trump Entertainment Resorts, golf courses (worth a total of $127 million), hotels in various countries around the world.

Trump is also active in the media sphere. Trump owns the Miss Universe Organization, which conducts competitions such as Miss Universe, Miss USA, and Miss Teen USA in conjunction with NBC. In 2003, Trump became an executive producer and host of the reality show 'The Apprentice' on NBC. He was nominated twice for an Emmy for comedic roles of himself in series and films.

In 2015, Forbes magazine estimated Trump's wealth at $4.1 billion, although the businessman himself mentioned higher figures to explain the discrepancies with the difficulty of calculating the actual value of real estate properties.

Politics. On June 16, 2015, Trump announced that he would run for the office of President of the United States. Since July 2015, he has been participating in the fight for the nomination of the candidate for the presidency of the United States from the Republican Party. The main slogan of Donald Trump's campaign was 'Make America Great Again'.

On November 8, 2016, he won the presidential election in the US by defeating Democratic Party candidate Hillary Clinton.

On January 20, 2017, the inauguration ceremony of the 45th President of the United States, Donald Trump, took place.

On September 25, 2019, House Speaker Nancy Pelosi officially announced the initiation of impeachment proceedings against President of the United States, Donald Trump.

On January 13, 2021, the House of Representatives of the US Congress declared the impeachment of President of the United States, Donald Trump, for his role in inciting his supporters to storm the Capitol. An article of impeachment accuses Trump of incitement to insurrection. 222 Democrats and 10 members of the Republican Party voted for impeachment.