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Billionaire real estate mogul and former reality television personality Donald Trump is the 45th president of the United States.
Who Is Donald Trump?
Donald Trump is the 45th and current President of the United States who took office January 20, 2017. Previously, he was a real estate mogul, and a former reality TV star. Born in Queens, New York, in 1971 Trump became involved in large, profitable building projects in Manhattan. In 1980, he opened the Grand Hyatt New York, which made him the city's best-known developer. In 2004, Trump began starring in the hit NBC reality series The Apprentice, which also spawned the offshoot The Celebrity Apprentice. Donald Trumpturned his attention to politics, and in 2015 he announced his candidacy for president of the United States on the Republican ticket. After winning a majority of the primaries and caucuses, Donald Trumpbecame the official Republican candidate for president on July 19, 2016. That November, Trump was elected the 45th President of the United States, after defeating Democratic candidate Hillary Clinton.
Donald Trump was born on June 14, 1946, in Queens, New York.
According to a September 2017 Forbes estimate, Donald Trump's net worth is $3.1 billion. Of that, $1.6 billion is in New York real estate; $570 million is in golf clubs and resorts; $500 million is in non-New York real estate; $290 million is in cash and personal assets; and $200 million is in brand businesses. That’s down from $3.7 billion in 2016, according to Fortune, mostly due to declining New York real estate values.
Over the years, Trump’s net worth has been a subject of public debate. In 1990, Trump asserted his own net worth in the neighborhood of $1.5 billion. However the real estate market was in decline, reducing the value of and income from Trump's empire; a Forbes magazine investigation into his assets revealed that his existing debt likely brought the number closer to $500 million. In any event, the Trump Organization required a massive infusion of loans to keep it from collapsing, a situation which raised questions as to whether the corporation could survive bankruptcy. Some observers saw Trump's decline as symbolic of many of the business, economic and social excesses that had arisen in the 1980s.
Donald Trump eventually managed to climb back from a reported deficit of nearly $900 million, claiming to have reached a zenith of more than $2 billion. However, independent sources again questioned his math, estimating his worth at something closer to $500 million by 1997.
Over the course of his 2016 presidential run, Trump’s net worth was questioned and he courted controversy after repeatedly refusing to release his tax returns while they were being audited by the Internal Revenue Service. He did not release his tax returns before the November election — the first time a major party candidate had not released such information to the public since Richard Nixon in 1972.
Donald Trump Photo By Michael Stewart/WireImage
Donald Trump attends the 'All Star Celebrity Apprentice' finale in 2013 in New York City. (Photo: Michael Stewart/WireImage)
The fourth of five children, Donald Trump’s parents were Frederick C. and Mary Anne MacLeod Trump. Frederick Trump was a builder and real estate developer who specialized in constructing and operating middle-income apartments in Queens, Staten Island and Brooklyn. Mary MacLeod immigrated from Tong, Scotland, in 1929 at the age of 17. She married Fred Trump in 1936, and the couple settled in Jamaica, Queens, a neighborhood that was, at the time, filled with Western European immigrants. In the 1950s the Trumps’ wealth increased with the postwar real estate boom, and Mary became a New York socialite and philanthropist. Fred died in 1999, and Mary passed away the following year.
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