In the mid-70s, Donald Trump started the construction of the luxury hotel Grand Hyatt in New York. Trump was lucky: in 1974 he became the winner of the tender for the purchase of the Commodore Hotel, and on its place, in a few years, the new hotel was built. In addition, the city authorities granted tax breaks to the businessman for 40 years.
One of the most important projects in the beginning of Donald Trump's career became the construction of 58-storey skyscraper Trump Tower on the luxury Fifth Avenue in New York. The new Trump's building was the highest and most exquisite in New York at that time (1983). It is noteworthy that the inhabitants of the "Big Apple" liked these elite offices and all of them were sold out in no time. It is worth noting that Trump preferred to construct the expensive buildings, while his father was engaged in construction of affordable houses.
Since then the name Donald Trump has become associated with wealth among the U.S. inhabitants.
A little later, Trump initiated a gaming empire in Atlantic City. Together with Holiday Inns Corporation the businessman built the entertainment complex with casino and so on. Later, the future billionaire became the sole owner of the complex, by buying it for $ 250 million, and replacing the word Harra in the title with his own name.
Also, Donald Trump is the owner of the highly-rated hotel-casino called Trump Taj Mahal.
25 years ago his business empire included, among other things, the airline Trump Shuttle Airlines, football team New Jersey Generals, residential complex Trump Park in New York, casino in Indiana, hotel with casino and other entertainments Trump Castle and private homes.
Despite the apparent success, in 90s Donald Trump's debts reached $ 9.8 billion, while the cost of the millionaire's assets estimated at $1 billion. The skyscraper Trump Tower (Trump's main asset) saved him from bankruptcy: the businessman mortgaged the building to take a loan. This maneuver helped Trump save his fortune.
By 1997, Donald Trump was able to pay off all debts. After getting out of the crisis situation, the construction magnate started looking for new projects.
In the photo: the building Trump World Tower, built by the buisnesman together with Daewoo in 2001 on Manhattan.
In 2000, Trump became even more popular - at that time the businessman participated in several television projects, which were very popular. In 2002, the billionaire launched his own talk show called "The Apprentice". The winner got a job in the Trump's company.
Few people know that the pageant "Miss USA" was owned by Donald Trump from 1996 to 2015. Also, the businessman owned the pageant "Miss Universe" for some time.
Over the past 25 years, Donald Trump has used the bankruptcy law four times. The businessman commented his actions: "I've used the laws of this country to pare debt." According to the billionaire, this policy helped him to leverage fantastic deals.
At the moment, Donald Trump occupies the 324 place in the global ranking by Forbes, and his fortune is estimated at $4.5 billion.
To date, the main Trump's assets are real estate and television. In the businessman's piggy bank there are about 30 houses (half of them burdened with debt).
Recall that in September 2016 Donald Trump has become closer to the White House, by opening a sophisticated hotel near it.
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