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Donald Trump (Billionaire, Real Estate)

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Donald Trump (Billionaire, Real Estate)

Post by viktorados on Thu Jan 18, 2007 5:36 am

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Trump, Donald John (b.1946), is an American business executive. After attending the Wharton business school, he joined the family real estate business. A self-promoting and flamboyant dealmaker, he was able to secure loans with minimal collateral in the free-wheeling 1980s and created an empire in real estate, casinos, sports, and transportation. By 1990, however, the effects of recession had left him unable to meet loan payments. Although he shored up his businesses with additional loans and postponed interest payments, mounting debt brought Trump to business bankruptcy and the brink of personal bankruptcy.

Banks and bondholders lost hundreds of millions of dollars but opted to restructure his debt to avoid risking losing even more in a court fight. By 1994, Trump had eliminated a huge portion of his $900 million personal debt and reduced substantially his nearly $3.5 billion in business debt. Forced to relinquish the Trump Shuttle (bought in 1989), he retained Trump Tower in New York City and control of his three casinos in Atlantic City. In 1999, Trump toyed with running for president on the Reform party ticket. Crippling debt payments forced his casinos into bankruptcy again in 2004, and Trump's stake in the company was greatly reduced when it emerged from bankruptcy in 2005. Widely known as simply "the Donald," Trump stars in his own reality television show, which debuted in 2004.

More information about his life story you may find here.
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Post by viktorados on Thu Jan 18, 2007 5:38 am

Quotes by Donald Trump (b.1946)

What separates the winners from the losers is how a person reacts to each new twist of fate.

Money was never a big motivation for me, except as a way to keep score. The real excitement is playing the game.

Don't be afraid of being unique. It's like being afraid of your best self.

You have to think anyway, so why not think big


When people see the beautiful marble in Trump Tower, they usually have no idea what I went through personally to achieve the end result. No one cares about the blood, sweat, and tears that art or beauty require. It's the end result that matters.

More quotes you may find here here.
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Post by LeftBehind on Mon Oct 22, 2007 7:22 pm

Trump's life is a rollercoaster ride to be sure. Ups and downs.
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Re: Donald Trump (Billionaire, Real Estate)

Post by selfmadevip on Wed Jan 09, 2008 6:22 am

The Most Expensive Home In The US

About This Video
An exclusive tour of billionaire Donald Trump's $125 million Palm Beach mansion--the most expensive in the U.S.


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Re: Donald Trump (Billionaire, Real Estate)

Post by spage on Fri May 09, 2008 9:12 am

Very interesting. Thanx very much! :D
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