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Latest Articles - Luxury

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Donald Trump at the Threshold Into the World History

Saturday, 07 August 2010

Donald TrumpDonald Trump is the person who can boast with everything and the wealth of him is not the exception. His wealth is rated as three billion dollars by the Forbes. In his life he found himself at the edge of the bankruptcy for several times though later he managed to return all the fortune and top listings. He is the author to more than a dozen of bestsellers on the subject of popular «How To Earn millions». Donald John Trump is the flamboyant and the unique standard of the American dream.

Billionaire from the craddle

Trump always states that he thinks as the billionaire from the cradle. And he thinks he is successful because if it. His father, Fred Trump, born to the family of poor Sweden immigrants, managed to earn the fortune around 20 million dollars at the American market of real estate.

The father’s wealth inherited by Donald was like a strong triggering point for him and he concluded his first transaction in 1974 when he bought an old hotel Commodore in New York for a song. Later he was permitted tax determent by the government authority for forty years and acquired the bank credits for the total amount of seventy million US dollars. The top management of the Hyatt Corporation Company was persuaded by Trump to let the brand name to the new hotel. And in the soonest time the luxury hotel named Grand Hyatt was erected instead of the old Commodore.

Donald Trump proceeded to buy up of the land property in Atlantic City (New Jersey State) long before the legalization of the gambling industry. He launched the construction of the elite dwelling Trump Tower in the core of New York, by the Tiffany Boutique and he managed that through winning the legal proceeding with the municipal authority which was not willing to allow tax privileges to Trump once again. And that was like a signal for Trump to elaborate the personal strategy: «Struggle until you win».

Ability to fail

Trump was triumphant in business activity as nobody else before and any of his commercial projects was successful and profitable. There were times when the plutocrat when asked «How are you?» replied arrogantly: «I am fine to be Donald».

He was accredited in many backs to launch his projects. Both Trump and his creditors believed that his success gradually moved to the chronic stage. The vigilance was decreased from both sides and Donald Trump did not bother himself to provide thorough estimates of efficacy of his transactions hoping for fatal success and luck. When the crisis in the segment of real estate occurred in the United States by 1990, Trump was the owner of the network of casinos in Atlantic City, the air line, the spirit brand, the luxury yacht Trump Princess, a line of golf clubs, he also sponsored the football team New Jersey Generals and as involved in lots of objects in the segment of building construction.

Trump missed the time when his debt grew to be of 9,8 billion dollars and he had to pay the fortune. His divorce with the Czech supermodel and downhill skier Ivana Trump hit his pockets.

Nevertheless, Donald managed to overcome the crisis and the collaboration with the financier Stephen F. Bollenbach played into his hands. Stephen was hired as the financial director for Donald. Banks agreed to restructure debts by Trump and granted moratorium for him. As a result, Donald Trump lost most of his assets though he kept his reputation and good name which is more significant for him, in his own words. New York appeared to be the pilot site for the creative projects of Donald and commercial ambitions. The skyscrapers named after him are erected as soon as the wind. The architectural towers constructed by his personal projects include Trump Palace, Trump Plaza, Trump World Tower, Tramp Park Avenue and the list is not limited.

«Author No.1» and show-biz celebrity

Donald Trump managed to beat even Bill Gates in regards to popularity. In 2003, Trump became the host to the NBC reality show, The Apprentice, where a team of competitors battled for a high-level management job in one of Trump's commercial enterprises with the annual salary of two hundred fifty thousand US dollars. Donald Trump allowed the participants managing this or that department of his enterprises. The one who failed to take a correct managerial decision was immediately fired by Trump on air. Though, incidents happened also at the show. So, once a team of reality show competitors was permitted to manage the casino and managed to earn more profit that the professional managers officially hired.

At the same time Donald Trump showed himself as the writer. He adhered to one and the same genre, namely the practical manual for beginning millionaires. However, his writing desire was not honestly the willing to share with his experience but the wish to tell about him in the unique and interesting form. However, New York Times named Donald Trump the «Author No.1» who is skilful and professional enough to justify the trust of readers.

TOP 10 of «gold» pieces of advice from Trump are presented as follow:

  • Always dress yourself in accordance with your cultural level.
  • Damage your reputation intentionally.
  • Become your own financial consultant.
  • Kick back.
  • Never ignore the hairdresser services.
  • Try to avoid hands shaking.
  • Surrender to you own instincts.
  • Keep positive emotions though always be ready to failures.
  • Pay attention to details.
  • Enter into marriage contracts.

The billionaire was not successful in personal life, though. After he divorced with Ivana, he married to Marla Maples who gave birth to a daughter named Tiffany. The couple divorced in 1999 and six years later Trump again married officially to the supermodel Melania Knauss. Donald is twenty five years older than his wife. They have a son, Barron, in the marriage.

In all the interviews Donald stated that his dream is to launch the project that will enter into the world history with his name whether it is commercial venture, show-biz activity or a project in social network.

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