In April 2019, the House Oversight Committee issued subpoenas seeking financial details from Trump's banks, Deutsche Bank and Capital One, and his accounting firm, Mazars USA. In response, Trump sued the banks, Mazars, and committee chairman Elijah Cummings to prevent the disclosures. In May, DC District Court judge Amit Mehta ruled that Mazars must comply with the subpoena, and judge Edgardo Ramos of the Southern District Court of New York ruled that the banks must also comply. Trump's attorneys appealed the rulings, arguing that Congress was attempting to usurp the "exercise of law-enforcement authority that the Constitution reserves to the executive branch".
During his presidency, Trump ordered a travel ban on citizens from several Muslim-majority countries, citing security concerns; after legal challenges, the Supreme Court upheld the policy's third revision. He enacted a tax-cut package for individuals and businesses, rescinding the individual health insurance mandate penalty. He appointed Neil Gorsuch and Brett Kavanaugh to the Supreme Court. In foreign policy, Trump has pursued an America First agenda, withdrawing the U.S. from the Trans-Pacific Partnership trade negotiations, the Paris Agreement on climate change, and the Iran nuclear deal. He imposed import tariffs which triggered a trade war with China, recognized Jerusalem as the capital of Israel, and withdrew U.S. troops from northern Syria. Trump met thrice with North Korea's leader Kim Jong-un, but talks on denuclearization broke down in 2019.More Info
In 1982, Trump was listed on the initial Forbes list of wealthy individuals as having a share of his family's estimated $200 million net worth. His financial losses in the 1980s caused him to be dropped from the list between 1990 and 1995. In its 2020 billionaires ranking, Forbes estimated Trump's net worth at $2.1 billion (1,001st in the world, 275th in the U.S.) making him one of the richest politicians in American history and the first billionaire American president. During the three years since Trump announced his presidential run in 2015, Forbes estimated his net worth declined 31% and his ranking fell 138 spots. When he filed mandatory financial disclosure forms with the Federal Elections Commission (FEC) in July 2015, Trump claimed a net worth of about $10 billion; however, FEC figures cannot corroborate this estimate because they only show each of his largest buildings as being worth over $50 million, yielding total assets worth more than $1.4 billion and debt over $265 million. Trump said in a 2007 deposition, "My net worth fluctuates, and it goes up and down with markets and with attitudes and with feelings, even my own feelings."More Info
In 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 Info
Trump was born on June 14, 1946, at Jamaica Hospital in the borough of Queens, New York City. His father was Frederick Christ Trump, a Bronx-born real estate developer whose parents were German immigrants. His mother was Scottish-born housewife Mary Anne MacLeod Trump. Trump grew up in the Jamaica Estates neighborhood of Queens and attended the Kew-Forest School from kindergarten through seventh grade. At age 13, he was enrolled in 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. While at Wharton, he worked at the family business, Elizabeth Trump & Son. He graduated in May 1968 with a B.S. in economics. Profiles of Trump published in The New York Times in 1973 and 1976 erroneously reported that he had graduated first in his class at Wharton, but he had never made the school's honor roll. In 2015, Trump's lawyer Michael Cohen threatened Fordham University and the New York Military Academy with legal action if they released Trump's academic records.More Info
Fixer 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 Info
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