Accessibility links

Breaking News

Donald Trump: From NYC Businessman to Presidential Candidate

시진핑 중국 국가주석과 김정은 북한 국무위원장이 무개차를 타고 평양 시내에서 카퍼레이드를 하고 있다. 
시진핑 중국 국가주석과 김정은 북한 국무위원장이 무개차를 타고 평양 시내에서 카퍼레이드를 하고 있다. 

Heir to a real-estate fortune, billionaire, tabloid fodder, reality TV star and now the Republican candidate for the presidency of the United States.

Donald Trump has amassed a fortune building office towers, hotels, casinos, golf courses and other branded facilities worldwide. He is also the chairman and president of the Trump Organization, a holding company for his real estate ventures and other business interests.

Born in the New York City borough of Queens, Trump grew up in the wealthy neighborhood of Jamaica Estates. He was the fourth of five children. His father, Fred Trump, was a real estate developer with an authoritarian style -- one that he passed down to his ambitious son.

Sets sights on Manhattan

In 1968, Donald Trump graduated from the prestigious Wharton School of Finance. With his father involved in building projects in Brooklyn and Queens, Donald Trump set his sights on Manhattan.

Watch: Trump — ‘Making America Great Again’ by Running for President

Trump — ‘Making America Great Again’ by Running for President
please wait

No media source currently available

0:00 0:04:38 0:00

It was a difficult time to work across the Brooklyn Bridge in Manhattan, where crime rates were high and the city's outlook was bleak. But the younger Trump had cultivated business contacts through his father. With that support, Trump has said he set up his own company with a $1 million investment.

In the 1970s, the Justice Department accused the Trump organization of violating the Fair Housing Act, by preventing minorities from renting in his buildings. Donald Trump settled the case out of court.

Later, in a major move, Trump bought a bankrupt hotel next to Grand Central Station, borrowed more than $70 million and negotiated tax incentives from the city for the newly named Grand Hyatt Hotel.

He's perhaps best known for the Trump Tower, a $200 million apartment and retail facility, with a pink marble-lined, six-level atrium, 58 floors and an 18-meter waterfall.

Trump also is known for building casinos in Atlantic City, New Jersey. First, Trump Plaza. Then Trump Castle. Then the Taj Mahal, costing nearly $1 billion. But it eventually went bankrupt.

When the real estate market crashed in 1990, the value of his empire dropped from $1.7 billion to $500 million. He borrowed money and found new investors to avoid bankruptcy.

FILE - Supporters of Republican presidential candidate Donald Trump watch him speak during a campaign rally in Grand Rapids, Michigan, Oct. 31, 2016.
FILE - Supporters of Republican presidential candidate Donald Trump watch him speak during a campaign rally in Grand Rapids, Michigan, Oct. 31, 2016.

But he could not avoid a divorce. "The Donald," as he would come to be known in the media, divorced his first wife, Ivana, with whom he had three children. He married and later divorced Marla Maples. Trump married his current wife, Slovenian model Melania, in 2005.

His reality TV show The Apprentice made Trump a star. Contestants competed to be managers in Trump's empire. Those who failed were targeted with Trump's signature line: "You're fired."

The show earned Trump more than $200 million.

Political aspirations

Trump first publicly showed interest in politics in the late '80s. He joined the Reform Party, then the Democratic Party, and then became an independent. In 2012, he declared as a Republican, vowing to "make our country great again." He chose Governor Mike Pence as his running mate.

FILE - Republican presidential candidate Donald Trump, points toward Republican vice presidential candidate Indiana Gov. Mike Pence after Pence's acceptance speech during the third day session of the Republican National Convention in Cleveland.
FILE - Republican presidential candidate Donald Trump, points toward Republican vice presidential candidate Indiana Gov. Mike Pence after Pence's acceptance speech during the third day session of the Republican National Convention in Cleveland.

Candidate Trump became known for controversial statements, blaming Mexican immigrants for bringing drugs and other problems to the United States.

His controversial solution: Build a wall at the U.S. border, and make Mexico pay for it.

More controversy followed as Trump called for a ban on Muslims entering the U.S. following a mass shooting in California. Yet, his support grew among Republicans, who say they count on Trump to create more jobs and opportunities for everyday Americans.

Americans agree this is a presidential election like none other.

In the political ring -- a colorful, controversial Trump vs. former Secretary of State and first lady Hillary Clinton. It's a match that no one saw coming.

In Photos: Donald Trump through the years

In Pictures: Donald Trump Through the Years

Donald Trump was born June 14, 1946 in New York City. (Public domain)
1/15 Donald Trump was born June 14, 1946 in New York City. (Public domain)
This photo shows Donald Trump as a teenager at the New York Military Academy in 1964. (Public domain)
2/15 This photo shows Donald Trump as a teenager at the New York Military Academy in 1964. (Public domain)
A brass quintet plays atop a ledge above New York's Fifth Avenue on the partially completed Trump Tower, serenading passers-by with Christmas carols as the rush to find last-minute gifts reach a frenzied pace, Dec. 23, 1981. (AP Photo/Suzanne Vlamis)
3/15 A brass quintet plays atop a ledge above New York's Fifth Avenue on the partially completed Trump Tower, serenading passers-by with Christmas carols as the rush to find last-minute gifts reach a frenzied pace, Dec. 23, 1981. (AP Photo/Suzanne Vlamis)
Real estate mogul Donald J. Trump displays an artist's concept of "Television City," which would be on the far west side of Manhattan, Nov. 18, 1985. (AP Photo/Marty Lederhandler)
4/15 Real estate mogul Donald J. Trump displays an artist's concept of "Television City," which would be on the far west side of Manhattan, Nov. 18, 1985. (AP Photo/Marty Lederhandler)
Real estate magnate Donald Trump poses in front of one of three Sikorsky helicopters at New York Port Authority's West 30 Street Heliport on March 22, 1988.  (AP Photo/Wilbur Funches)
5/15 Real estate magnate Donald Trump poses in front of one of three Sikorsky helicopters at New York Port Authority's West 30 Street Heliport on March 22, 1988. (AP Photo/Wilbur Funches)
Vice President George Bush, right, shares a light moment with, from left, real estate developer and casino owner Donald Trump and fight promoter Don King, April 12, 1988 at New York's Plaza Hotel during a fundraiser for Bush by Trump. (AP Photo/David Book
6/15 Vice President George Bush, right, shares a light moment with, from left, real estate developer and casino owner Donald Trump and fight promoter Don King, April 12, 1988 at New York's Plaza Hotel during a fundraiser for Bush by Trump. (AP Photo/David Book
Real estate developer Donald Trump waves to reporters with his wife, Ivana, as they board their luxury yacht The Trump Princess in New York City on Monday, July 4, 1988.  Trump paid the Sultan of Brunei $30 million for the nearly 300-foot yacht.  (AP Phot
7/15 Real estate developer Donald Trump waves to reporters with his wife, Ivana, as they board their luxury yacht The Trump Princess in New York City on Monday, July 4, 1988. Trump paid the Sultan of Brunei $30 million for the nearly 300-foot yacht. (AP Phot
Donald Trump ascends the stairs with his fist raised from the genie's lamp after opening the Trump Taj Mahal Casino Resort in a spectacular show of fireworks and laser lights in Atlantic City, N.J., on April 5, 1990.  Behind Trump is the 42-story hotel.
8/15 Donald Trump ascends the stairs with his fist raised from the genie's lamp after opening the Trump Taj Mahal Casino Resort in a spectacular show of fireworks and laser lights in Atlantic City, N.J., on April 5, 1990. Behind Trump is the 42-story hotel.
Happy parents Marla Maples, left, and Donald Trump greet the press with their newborn daughter, Tiffany, as they leave St. Mary's Hospital in West Palm Beach, Fla., on Thurs., Oct. 14, 1993.  (AP Photo/Hans Deryk)
9/15 Happy parents Marla Maples, left, and Donald Trump greet the press with their newborn daughter, Tiffany, as they leave St. Mary's Hospital in West Palm Beach, Fla., on Thurs., Oct. 14, 1993. (AP Photo/Hans Deryk)
Donald Trump and wife, Marla Maples, are shown in this Aug. 23, 1994  photo. (AP Photo/John Bazemore)
10/15 Donald Trump and wife, Marla Maples, are shown in this Aug. 23, 1994 photo. (AP Photo/John Bazemore)
Developer Donald Trump poses for photos outside the New York Stock Exchange after the listing of his stock on Wed., June 7, 1995 in New York.  He took his flagship Trump Plaza Casino public, offering 10 million shares of common stock at an estimated price
11/15 Developer Donald Trump poses for photos outside the New York Stock Exchange after the listing of his stock on Wed., June 7, 1995 in New York. He took his flagship Trump Plaza Casino public, offering 10 million shares of common stock at an estimated price
Donald Trump, the New York developer, poses in his Manhattan office beside a copy of his new book, "Trump: The Art of the Comeback." Trump has been promoting the book, in which he tells how he returned from near bankruptcy to a personal net worth estimate
12/15 Donald Trump, the New York developer, poses in his Manhattan office beside a copy of his new book, "Trump: The Art of the Comeback." Trump has been promoting the book, in which he tells how he returned from near bankruptcy to a personal net worth estimate
FILE - In this July 9, 2004 file photo, Donald Trump, seeking contestants for "The Apprentice" television show, is interviewed at Universal Studios Hollywood in the Universal City section of Los Angeles. (AP Photo/Ric Francis, File)
13/15 FILE - In this July 9, 2004 file photo, Donald Trump, seeking contestants for "The Apprentice" television show, is interviewed at Universal Studios Hollywood in the Universal City section of Los Angeles. (AP Photo/Ric Francis, File)
Republican presidential nominee Donald Trump answers a question during the third presidential debate at UNLV in Las Vegas, Wednesday, Oct. 19, 2016. (AP Photo/John Locher)
14/15 Republican presidential nominee Donald Trump answers a question during the third presidential debate at UNLV in Las Vegas, Wednesday, Oct. 19, 2016. (AP Photo/John Locher)
From left, Donald Trump Jr., Republican nominee Donald Trump, his wife, Melania Trump, Ivanka Trump and other family members appear on stage after the presidential debate at Hofstra University in Hempstead, N.Y., Sept. 26, 2016.
15/15 From left, Donald Trump Jr., Republican nominee Donald Trump, his wife, Melania Trump, Ivanka Trump and other family members appear on stage after the presidential debate at Hofstra University in Hempstead, N.Y., Sept. 26, 2016.
Previous slide
Next slide

  • 16x9 Image

    VOA News

    The Voice of America provides news and information in more than 40 languages to an estimated weekly audience of over 326 million people. Stories with the VOA News byline are the work of multiple VOA journalists and may contain information from wire service reports.

This item is part of
XS
SM
MD
LG