Donald Trump
Donald TrumpDonald Trump
Throughout the years there have been many successful entrepreneurs living and operating their businesses in America. Many of these men and women have had over night success or have not had to face problems that jeopardized or endangered their wealth. One man who has had to work hard and overcome many obstacles is Donald John Trump. There have been many times when Trump has faced bankruptcy and failure but because of his hard working nature and eagerness to succeed he has overcome all hurdles. This paper will further discuss and elaborate on the background and early years of Donald Trump, his accomplishments and how he overcame obstacles, and how Trump fits into the typical stereotype of an entrepreneur.
Born on June 14, 1946, in Queens New York, Donald John Trump was the fourth of five children of Frederick and Mary MacLeod Trump. Donald�s father Fred was a builder and real estate developer who specialized in building middle class homes in Queens, Staten Island, and Brooklyn for GI�s returning from World War II. The Trump family was very wealthy but despite their money, Fred Trump demanded his children�s success in school. Donald�s parents were always teaching them the value of money. Even though they did not have to, all of the children worked. The girls worked in banks and the boys worked with their father on various construction sites. Donald was not the best student and was a handful for teachers. At the age of thirteen, Donald was not meeting his parent�s expectations so he was sent away to military school. He did
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well at the military academy, both socially and academically. Trump had become a star baseball player while in school and had also become a student leader for his graduating class. In 1964 Donald graduated from military school and was offered a chance to try out for a major league farm team. Remembering his fathers views on education, he chose school over baseball. He entered Fordham University and then transferred to the Wharton School of Finance at the University of Pennsylvania from which he graduated in 1968 with a degree in economics.
Donald Trump is one of the most respected and most accomplished entrepreneurs in American history. Trump knew that he did not want to work with his father, he wanted to build his own empire. His formula for success was to �buy when the property and owner is in distress, then turn the place around.� In 1974 Trump took those words literally and started to talk to the bankrupt Pen Central railroad about the Comador hotel above Grand Central Station. At the age of 28 Donald was pushing a concept that seemed impossible. Using a combination of family money, $45 million in loans and a tax break to finance his first deal, he purchased the hotel. There was a problem with the Comador project...
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