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 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 InfoTrump acquired a third casino in Atlantic City, the Taj Mahal, in 1988 in a highly leveraged transaction. It was financed with $675 million in junk bonds and completed at a cost of $1.1 billion, opening in April 1990. The project went bankrupt the following year, and the reorganization left Trump with only half his initial ownership stake and required him to pledge personal guarantees of future performance. Facing "enormous debt", he gave up control of his money-losing airline, Trump Shuttle, and sold his 282-foot (86 m) mega yacht, the Trump Princess, which had been indefinitely docked in Atlantic City while leased to his casinos for use by wealthy gamblers.
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 InfoAfter the Trump Organization's financial losses in the early 1990s, it refocused its business on branding and licensing the Trump name for projects owned and operated by other people and companies. In the late 2000s and early 2010s, it expanded this branding and management business to hotel towers located around the world, including Chicago; Las Vegas; Washington, D.C.; Panama City; Toronto; and Vancouver. There were also Trump-branded buildings in Dubai, Honolulu, Istanbul, Manila, Mumbai, and Indonesia.
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