Trump attracted public attention in 1978 with the launch of his family's first Manhattan venture, the renovation of the derelict Commodore Hotel, adjacent to Grand Central Terminal. The financing was facilitated by a $400 million city property tax abatement arranged by Fred Trump, who also joined Hyatt in guaranteeing $70 million in bank construction financing. The hotel reopened in 1980 as the Grand Hyatt Hotel, and that same year, Trump obtained rights to develop Trump Tower, a mixed-use skyscraper in Midtown Manhattan. The building houses the headquarters of the Trump Organization and was Trump's primary residence until 2019.
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 InfoWhile in college, Trump obtained four student draft deferments. In 1966, he was deemed fit for military service based upon a medical examination, and in July 1968 a local draft board classified him as eligible to serve. In October 1968, he was medically deferred and classified 1-Y (unqualified for duty except in the case of a national emergency). In 1972, he was reclassified 4-F due to bone spurs, which permanently disqualified him from service. Trump said in 2015 the deferment was for a bone spur in his foot, but could not remember which foot.
More InfoTrump attracted public attention in 1978 with the launch of his family's first Manhattan venture, the renovation of the derelict Commodore Hotel, adjacent to Grand Central Terminal. The financing was facilitated by a $400 million city property tax abatement arranged by Fred Trump, who also joined Hyatt in guaranteeing $70 million in bank construction financing. The hotel reopened in 1980 as the Grand Hyatt Hotel, and that same year, Trump obtained rights to develop Trump Tower, a mixed-use skyscraper in Midtown Manhattan. The building houses the headquarters of the Trump Organization and was Trump's primary residence until 2019.
More InfoDuring 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 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 InfoWe don't show ads. Help us keep it that way.