Saturday, July 4, 2009

Donald Trumps Bio

Since we are all going to be working with this guy shortly, I thought I'd write up a little bit about Trumps Past:

Launching his career in 1968, Donald Trump joined hands in the venture Trump Organization initially started by his father in Brooklyne, Queens and Staten Island. His father's preferred field was to provide rental housings for middle class people. This means that real estate business is Donald's inherited field. We may say that it is in his blood to construct buildings and provide housing to the public. His very first project was Swfiton Village in Cincinnati, Ohio. He earned more than 50% profit in just one year, though earlier this project faced closure. The most astonishing aspect of his success was that he was still in college.

He moved to New York and chose Manhattan for his future dreams. He saw economic success in this modern metropolis and soon after getting tax abatement from New York city government, had turned the Commodore Hotel into a new Grand Hyatt, which faced bankruptcy before he owned it. Late on, he offered to own the Javitas Convention project, but his offer faced rejection. Then, he got the opportunity to start failed Wollmam Rink in central park. Lady luck smiled on him this time around. He completed it in just six months with still US$ 3 million leftover budget and his name turned into a brand name in the real estate field.

Between 1989 and 1997, successes were quite sporadic. He was not much successful in his ventures. Several of his ventures witnessed the worst bankruptcy, but he was clever enough to get through this period. His Trump Hotels venture emerged after 1997 and then there was no look back until now that he emerged with another Trump Network, a new venture in the economic field. It has achieved worldwide publicity before its launch. However, we shall have to wait to observe its impacts.

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