President Donald Trump Biography, Education And Family Life

President Donald Trump Biography,Education And Family Life :- In this article, we will learn some interesting facts about the famous US President Donald Trump such as Donald Trump’s Early and Educational Life, Trump’s Family Life, Professional Career Life and Trump’s Debts and Financial Assets.

President Donald Trump Biography, Education And Family Life

Donald Trump has also been the President of the United States of America, his full name is Donald John Trump, he was born on June 14, 1946 in Queens, New York. Who served as the 45th President of the United States from 2017 to 2021. His father, Fred Trump, was a highly successful real estate developer. Father Fred Trump Trump was of German heritage, and his wife Mary Anne McLeod was of Scottish background. Their son Donald was the second youngest of five children. He was educated at the New York Military Academy and the Wharton School of Finance and Commerce at the University of Pennsylvania. He was drawn to real estate and construction even before graduation, and as a young man took over his father’s firm, renaming it the Trump Organization.

Donald Trump’s Early and Educational Life

Donald Trump attended the private Kew-Forest School from kindergarten to seventh grade. At age 13, he was enrolled at the New York Military Academy, a private boarding school In 1964, he enrolled at Fordham University. Two years later, he transferred to the Wharton School of the University of Pennsylvania, graduating in May 1968 with a B.S. in economics.

While in college, Trump received four student draft deferments during the Vietnam War era. In 1966, he was deemed fit for military service based on a medical examination, and in July 1968, a local draft board classified him as eligible to serve. In October 1968, he was classified as 1-Y, a conditional medical deferment, and in 1972, he was reclassified 4-F due to bone spurs, permanently disabling him from service. 

President Donald Trump Biography, Education And Family Life

Trump’s family life

US President Donald Trump married Czech model Ivana Zelnikova in 1977, with whom he had three children, namely Donald Jr, Ivanka, and Eric, Ivana later becoming a United States citizen. The couple divorced in 1992 following Trump’s affair with actress Marla Maples. Trump and Maples then married in 1993 and divorced in 1999. They have a daughter, Tiffany, who was raised by Marla in California. In 2005, Trump married Slovenian model Melania Knaus. They have a son, Baron. Melania acquired US citizenship in 2006.

Donald Trump’ Business Career Life

Donald John Trump was in business career before becoming President, rising from there he has reached the popular President of America, so let’s take a look at his business career status.

In early 1968, Trump was employed by his father Fred’s real estate company, Trump Management, after Donald Trump, in 1971, became president of that company and to use it as an umbrella brand for The Trump Organization launched.

President Donald Trump Biography, Education And Family Life

Trump attracted public attention in 1978 with the launch of his family’s first Manhattan venture, financed by a $400 million city property tax abatement arranged by his father, Fred Trump, in what was then contiguous Midtown Manhattan. Developed utility skyscraper, Trump Tower.

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President Donald Trump acquired the Plaza Hotel in Manhattan in 1988 with a $425 million loan from a consortium of banks. Due to the hotel’s bankruptcy in 1995, Trump sold the Plaza Hotel along with most of its assets to pay off his debts, including personally guaranteed loans that allowed him to avoid personal bankruptcy.
In the early 1990s, Trump developed 70 acres in the Lincoln Square neighborhood near the Hudson River
Struggling with debt from other ventures in 1994, Trump sold his majority interest in the project to Asian investors, who were able to complete the Riverside South project.

Trump turned the property into a private club in 1995, with an initiation fee and annual dues. He continued to use a portion of the house as a private residence.
Trump acquired the mostly vacant 71-story skyscraper at 40 Wall Street in 1996.

President Donald Trump Biography, Education And Family Life

Trump’s debt and financial assets

President of the United States Donald Trump declared a net worth of approximately $10 billion from mandatory financial reporting with the FEC in July 2015. Records released by the FEC show at least $1.4 billion in assets and $265 million in liabilities. Forbes estimated Trump’s net worth at $4.5 billion in 2015 and $3.1 billion in 2018. In the 2021 ranking of Arab husbands, it was $2.4 billion 1,299th in the world), making him one of the wealthiest officeholders in US history.

Journalist Jonathan Greenberg owns “ninety percent” of the Trump family business as of 2018. Greenberg later reported that Forbes had grossly exaggerated Trump’s wealth and incorrectly included him in the 1982, 1983, and 1984 Forbes 400 rankings.
Donald Trump has often said that he started his career with “a small loan of a million dollars” from his father, which he later had to pay back with interest. It had borrowed at least $60 million from its father, largely failed to repay those loans, and owed its father’s company $413 million. In October 2018, Forbes reported that Donald Trump’s net worth had decreased from $4.5 billion in 2015 to $3.1 billion in 2017, and his product licensing income from $23 million to $3 million.

President Donald Trump Biography, Education And Family Life

After this, Trump suffered a lot in the economic situation and he
His millions in losses over 20 years came primarily from The Apprentice and his stake in businesses in which he was a minority partner, his losses primarily from majority-owned businesses, most of which were income tax credits. Over the past decade, he balanced his business losses by eliminating the $100 million mortgage on Trump Tower and selling assets and borrowings, including more than $200 million in stocks and bonds.
As of October 2020, Trump had over $1 billion in debt for his property. He owes $640 million to banks and trust organizations including Bank of China, Deutsche Bank and UBS, and about $450 million to undisclosed creditors. His assets far exceed his debts.