Humans logo

How Donald Trump began his journey in Real State Business

Real state

By Alex GhimirePublished 3 years ago 4 min read
1
How Donald Trump began his journey in Real State Business
Photo by wes lewis on Unsplash

Donald John Trump, the son of architect Fred and his wife Mary, a housewife and immigrant from Scotland, studied at Fordham University in New York for two years before moving to the University of Pennsylvania's Wharton School of Finance and Commerce, where he graduated with a bachelor's degree in 1968. After studying in college, he joined his company, E. Trump & Sons, which built middle-class homes on the outskirts of New York.

Donald Trump expanded his father’s businesses by investing in luxury hotels and apartments in the late 1970s and 1980s and shifted his focus from Manhattan to Atlantic City, New Jersey. The Trump Organization has been involved in various projects in the United States, including hotels, resorts, residential and commercial buildings, casinos, and golf courses. Trump bought and built houses and land until 2016 when he became the first billionaire to be elected to the White House, and his regime now includes offices, hotels, and golf courses around the world.

Trump also gave his name and photo a license to build several housing projects including two of Trump’s Florida land that had been confiscated. Since its election, the Trump Organization has managed to regulate venues and product licenses in at least a dozen resorts in the United States, five to eight hotel buildings in the United States, and six overseas and many overseas destinations. A large network of foreign investment, including projects completed and developed during President Trump's tenure, has highlighted the limited efforts of foreign business leaders and governments to influence Trump.

Donald Trump owns approximately $ 437 billion in residential property, enabling him to purchase property and transfer funds to the President of the United States. He plans to hand over to Russian President Vladimir Putin, with whom Trump is negotiating a project ahead of the 2016 election, a $ 50 million luxury house at Trump Tower in Moscow. Criminal investigations into the hotel and other property projects involving suspicious investments by the state pension fund are also aimed at Trump Tower, a project to build five proposed offices in 2012, but did not begin.

To increase profits, Trump wanted to build more expensive homes for that subject. Previous developers had planned plans for 75 houses on site. Trump abandoned plans to build 16 homes and switched to a tax code to make up for lost profits, with a $ 25 million tax deduction to secure land reform promises.

While Donald Trump handed over the administration of his property daily to his sons Eric and Don Jr., he retained ownership of his businesses and went on to complete the properties. More than half of the $ 35 million in sales comes from a single agreement in which Trump and businessmen have used subsidized accommodation in Brooklyn, New York for $ 900 million. The construction of a complex transaction allowed Trump's alliance at the Grand Hyatt Hotel, the political pull of his fathers, and a 40-year tax break in cities worth hundreds of millions of dollars, the first such commercial leave in New York time.

Donald Trump was a New York real estate designer and reality TV star from January 2017 to January 2021 the 45th President of the United States. Trump was publicly recognized after closing a series of successful real estate deals in Manhattan, New York City, with his father Elizabeth Trump's company and later his sons - renamed the Trump Organization - in charge of developing residential and golf courses around the world. He continued to own a commercial area at the Trump International Hotel and Tower, a 44-story hotel-conduit building that Columbus Circle acquired in 1996, and continued to own millions of square meters of other major wealth in Manhattan.

A federal judge ruled that Paul Manafort, a former campaign manager for former President Trump, kept $ 20 million in New York and Hampton homes on Thursday. WASHINGTON - On Wednesday, a federal judge in Washington granted the Housing Committee a partial victory in its long-term pursuit of financial records for Donald Trump's finance company. A U.S. judge Amy Totenberg said the Housing Justice Committee could continue with a proposal to obtain papers from finance company Mazars to investigate the lease of the former president at a Washington hotel.

The Housing Finance Committee will examine whether the income of the former foreign president has violated the Constitution's ban on foreign exchange earnings. A federal judge in Washington said the committee had failed to indicate a specific need for documents relating to Trump's financial disclosure obligations. According to an investigative report published in the New York Times, the tax has nothing to do with reducing Trump's huge debt of malnutrition during the collapse of his three casinos, which was questionable and related to the loss of $ 916 million.

In 2018 the New York Times published a lengthy investigative report stating that Fred Trump, through the use of tax fraud and property fraud, passed hundreds of millions of dollars to his children, all through legal means. Leaked quotes from Donald Trump's tax refund in 1995 show the huge losses he used to spend more money and - for many years - did not pay his salary. The Times newspaper published a page of Trump's 1995 refunds from New York, New Jersey, and Connecticut, in which Trump deposited a massive $ 916 million loss, which he transferred to his tax returns that year.

As a result, Trump's Taj Mahal filed for bankruptcy in 1991, and in 1992, two other Trump casinos and the Plaza Hotel in New York City collapsed. In 1973 Fred and Donald Trump and their businesses were sued by the US Department of Justice for violating the Fair Housing Act of 1968 by using at least 39 apartments in the city.

celebrities
1

About the Creator

Alex Ghimire

[email protected]

Reader insights

Be the first to share your insights about this piece.

How does it work?

Add your insights

Comments

There are no comments for this story

Be the first to respond and start the conversation.

Sign in to comment

    Find us on social media

    Miscellaneous links

    • Explore
    • Contact
    • Privacy Policy
    • Terms of Use
    • Support

    © 2024 Creatd, Inc. All Rights Reserved.