From 1996 to 2015, Trump owned all or part of the Miss Universe pageants, including Miss USA and Miss Teen USA. Due to disagreements with CBS about scheduling, he took both pageants to NBC in 2002. In 2007, Trump received a star on the Hollywood Walk of Fame for his work as producer of Miss Universe. After NBC and Univision dropped the pageants from their broadcasting lineups in June 2015, Trump bought NBC's share of the Miss Universe Organization and sold the entire company to the William Morris talent agency.
Trump has often said he began his career with "a small loan of one million dollars" from his father, and that he had to pay it back with interest. In October 2018, The New York Times reported that Trump "was a millionaire by age 8", borrowed at least $60 million from his father, largely failed to reimburse him, and had received $413 million (adjusted for inflation) from his father's business empire over his lifetime. According to the report, Trump and his family committed tax fraud, which a lawyer for Trump denied. The tax department of New York said it is "vigorously pursuing all appropriate avenues of investigation" into it. Analyses by The Economist and The Washington Post have concluded that Trump's investments underperformed the stock market. Forbes estimated in October 2018 that the value of Trump's personal brand licensing business had declined by 88% since 2015, to $3 million.
More InfoFixer Roy Cohn served as Trump's lawyer and mentor in the 1970s and 1980s, with a 13-year relationship. According to Trump, they were so close that Cohn sometimes waived fees due to their friendship. In 1973, Cohn helped Trump counter-sue the United States government for $100 million over its charges that Trump's properties had racial discriminatory practices; in 1975 an agreement was struck for Trump's properties to change their practices. It was Cohn who introduced political consultant Roger Stone to Trump, who enlisted Stone's services to deal with the federal government.
More InfoIn 1977, Trump married Czech model Ivana Zelníčková. They have three children, Donald Jr. (born 1977), Ivanka (born 1981), and Eric (born 1984), and ten grandchildren. Ivana became a naturalized United States citizen in 1988. The couple divorced in 1992, following Trump's affair with actress Marla Maples. Maples and Trump married in 1993 and had one daughter, Tiffany (born 1993). They were divorced in 1999, and Tiffany was raised by Marla in California. In 2005, Trump married Slovenian model Melania Knauss. They have one son, Barron (born 2006). Melania gained U.S. citizenship in 2006.
More InfoIn 1984, Trump opened Harrah's at Trump Plaza hotel and casino in Atlantic City, New Jersey, with financing from the Holiday Corporation, who also managed the operation. Gambling had been legalized there in 1977 in an effort to revitalize the once-popular seaside destination. The property's poor financial results worsened tensions between Holiday and Trump, who paid Holiday $70 million in May 1986 to take sole control of the property. Earlier, Trump had also acquired a partially completed building in Atlantic City from the Hilton Corporation for $320 million. Upon its completion in 1985, that hotel and casino was called Trump Castle. Trump's then-wife Ivana managed it until 1988.
More InfoIn the late 1980s, Trump mimicked the actions of Wall Street's so-called corporate raiders, whose tactics had attracted wide public attention. Trump began to purchase significant blocks of shares in various public companies, leading some observers to think he was engaged in the practice called greenmail, or feigning the intent to acquire the companies and then pressuring management to repurchase the buyer's stake at a premium. The New York Times found that Trump initially made millions of dollars in such stock transactions, but later "lost most, if not all, of those gains after investors stopped taking his takeover talk seriously".
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