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Donald J. Trump
A schoolboy’s dream…a
competitor’s challenge. Donald J. Trump is the very
definition of the American success story, continually setting
the standards of excellence while expanding his interests
in real estate, gaming, sports, and entertainment. He is the
archetypal businessman – a deal maker without peer and
an ardent philanthropist.
Mr. Trump started his business
career in an office he shared with his father in Sheepshead
Bay, Brooklyn, New York. He worked with his father for five
years, where they were busy making deals together. Mr. Trump
has been quoted as saying, “My father was my mentor,
and I learned a tremendous amount about every aspect of the
construction industry from him.” Likewise, Fred C. Trump
often stated that “some of my best deals were made by
my son, Donald...everything he touches seems to turn to gold.”
Mr. Trump then entered the very different world of Manhattan
real estate.
In New York City, the Trump
signature is synonymous with the most prestigious of addresses.
Among them are the world-renowned Fifth Avenue skyscraper,
Trump Tower, and the luxury residential buildings, Trump Parc,
Trump Palace, Trump Plaza, 610 Park Avenue, The Trump World
Tower (the tallest building on the East Side of Manhattan),
and Trump Park Avenue. Mr. Trump was also responsible for
the designation and construction of the Jacob Javits Convention
Center on land controlled by him, known as the West 34th Street
Railroad Yards, and the total exterior restoration of the
Grand Central Terminal as part of his conversion of the neighboring
Commodore Hotel into the Grand Hyatt Hotel. Over the years,
Mr. Trump has owned and sold many great buildings in New York
including the Plaza Hotel (which he renovated and brought
back to its original grandeur), the St. Moritz Hotel (three
times…and now called the Ritz Carlton on Central Park
South) and recently, the land under the Empire State Building
(which allowed the land and lease to be merged together for
the first time in over 50 years). Additionally, the NikeTown
store is owned by Mr. Trump, on East 57th Street and adjacent
to Tiffany’s.
In 1997, the Trump International
Hotel & Tower opened its doors to the world. This 52 story
mixed–use super luxury hotel and residential building
is located on the crossroads of Manhattan’s West Side,
on Central Park West at Columbus Circle. It was designed by
the world-famous architect, Philip Johnson, and has achieved
the highest sales prices and rentals in the United States.
As one of only three hotels in the nation to have received
a double Mobil Five-Star rating for both the hotel and its
restaurant, Jean-Georges, it has also received the Five Star
Diamond Award from the American Academy of Hospitality Sciences,
and was voted the number one business hotel in New York City
by Travel and Leisure Magazine. Conde Nast Traveler Magazine
has named it the number one hotel in the US, and its innovative
concept has been copied worldwide.
Mr. Trump is also the developer
of the largest parcel of land in New York City, the former
West Side Rail Yards. On this 100 acre property, fronting
along the Hudson River from 59th Street to 72nd Street, the
largest development ever approved by the New York City Planning
Commission is being built. When completed, this $5 billion
project will have 5,700 residential units and more than 5
million square feet of commercial space. There will be a total
of 18 buildings on the site, and Mr. Trump has donated a 25
acre park to the city of New York.
Other acquisitions in New
York City include The Trump Building at 40 Wall Street, the
landmark 1.3 million square foot, 72-story building located
in Manhattan’s Financial District, directly across from
the New York Stock Exchange and the tallest building in downtown
Manhattan. This purchase, which took place at the depths of
the New York City real estate market, is said to be one of
the best real estate deals made in the last twenty-five years.
The building was totally vacant when purchased and is now
100% leased to tenants such as American Express, Bear Stearns
and CNA Insurance. In addition, Mr. Trump built 610 Park Avenue
(at 64th Street), formerly known as the Mayfair Regent Hotel,
which was very successfully converted into super-luxury condominium
apartments achieving, at that time, the highest prices on
Park Avenue. Further east, adjacent to the United Nations,
sits the spectacular Trump World Tower, a 90-story luxury
residential building … the tallest residential tower
in the world. The Trump World Tower has received rave reviews
from the architectural critics with Herbert Muschamp of the
New York Times, calling it “a handsome hunk of a glass
tower.” Likewise, Trump World Tower is considered one
of the most successful condominium towers ever built in the
United States.
In 2001, Mr. Trump announced
plans for his first foray into Chicago, where he planned to
build the Trump International Hotel & Tower/Chicago. The
2.7 million square foot, 92-story mixed-use tower is located
on the banks of the Chicago River, directly west of Michigan
Avenue (the most prominent site in Chicago), and will be one
of the tallest in the city. The architect is Skidmore, Owings
& Merrill, Chicago, and the tower will also include four
levels of retail shops. The hotel is slated to open in December
2007, with the entire building being finished by spring of
2009.
In 2002, Mr. Trump purchased
the fabled Delmonico Hotel, located at 59th Street and Park
Avenue. It has been developed into a state-of-the-art luxury
35 story condominium named Trump Park Avenue. It was Mr. Trump’s
desire to make this one of the most luxurious buildings ever
built in New York City, which has been achieved. The square
foot prices of these apartments are setting new records.
Another of Mr. Trump’s
new ventures in 2002 included the $600 million Trump Grande
Ocean Resort and Residences in Miami Beach, Florida, in partnership
with a large local development company, and a super-luxury
60 story hotel condominium tower on the Las Vegas strip to
be called Trump International Hotel & Tower, Las Vegas.
The first tower sold out so quickly that a second tower is
currently in development. Mr. Trump is also developing the
super-luxurious Trump International Hotel & Tower Fort
Lauderdale, located directly on the Atlantic Ocean and designed
by the famed architect, Michael Graves.
In the gaming arena, The Trump
Organization is one of the world’s largest operators
of hotels and casinos. The Tump name stands proudly on three
worldclass casino hotels in Atlantic City, New Jersey. They
are also the only five star, five diamond rated hotels in
Atlantic City: The Trump Plaza Hotel and Casino on the Boardwalk,
the Trump Marina Casino Resort in the Marina District and
The Trump Taj Mahal Casino Resort, home of one of the world’s
largest casinos and one of the most luxurious casino-hotels
ever built.
Mr. Trump’s portfolio
of holdings also includes Trump National Golf Club in Westchester,
NY, a signature Fazio golf course and residential development,
and a 250 acre estate known as the Mansion at Seven Springs,
the former home of Katharine Graham (of The Washington
Post and Rockefeller University), which will be developed
into a world class luxury housing development with homes that
will sell for upwards of $20 million dollars each. Mr. Trump
also purchased one of the largest parcels of land in California
which fronts, for two and a half miles, along the Pacific
Ocean. A Donald J. Trump championship golf course, called
Trump National Golf Club/Los Angeles, has been built on this
site, and it has been voted the number one golf course in
California. Seventy-five luxury estates will follow. In addition,
the Tom Fazio designed Trump National Golf Club has been built
in Lamington Farms in Bedminster, New Jersey, on the 525 acre
Cowperthwaite, Estate considered to be the best in the state.
In 2006, Mr. Trump announced he will be developing Trump International
Golf Links, a golf course in Aberdeen, Scotland, with over
three miles of spectacular oceanfront.
In Palm Beach, Florida, Mr.
Trump has converted the famous and historic estate owned by
Marjorie Merriweather Post and E.F. Hutton, Mar-a-Lago, into
the private, ultra-luxury Mar-a-Lago Club. It has received
the award from the American Academy of Hospitality Sciences
as the “Best Club Anywhere in the World.” Also
in Palm Beach and located 7 minutes from Mar-a-Lago is the
Trump International Golf Club. Designed by the famed golf
course architect Jim Fazio, this $40 million golf course has
magnificent tropical landscaping, water features and streams
and elevations of 100 feet (unprecedented in all of Florida).
Opened in October 1999, this course has been acclaimed as
one of the best in the United States. In 2002, Mr. Trump purchased
an additional 60 acres adjacent to Trump International and
is in the process of creating a nine hole addition to the
course, also designed by Jim Fazio.
In 2005, Mr. Trump put the
magnificent estate at 515 South Ocean Boulevard in Palm Beach
on the market, for a record $125 million.
In a departure from his real
estate acquisitions, Mr. Trump and the NBC Television Network
are partners in the ownership and broadcast rights for the
three largest beauty competitions in the world: the Miss Universe,
Miss USA, and Miss Teen USA Pageants. A recent Miss Universe
pageant substantially beat the NBA Playoff Game it opposed
in ratings, and a new five-year television contract was just
signed with NBC. Trump Model Management, which was founded
in 1999, has become one of the leading modeling agencies in
New York City.
Mr. Trump rebuilt the Wollman
Skating Rink (currently managed by The Trump Organization)
in Central Park. This project was particularly special to
Mr. Trump. The city had been trying for seven years to rebuild
and restore the Rink, whereupon Mr. Trump interceded and did
so in three months and at only 10% of the City’s $20,000,000
cost. In addition, Mr. Trump is given credit, as stated by
everyone in the know and as Mark J. Penn’s book Microtrends
reports, for having made a major and very favorable impact
on the economy of the city by creating the condominium boom,
versus the co-ops that were more prevalent in the past.
An accomplished author, Mr.
Trump’s first autobiography, The Art of the Deal,
became one of the most successful business best-sellers of
all time, having sold in excess of three million copies, and
being a New York Times number one best-seller for many weeks.
The sequel, Surviving at the Top, was on The New
York Times bestseller list and was also a number one best-seller
as was his third book, The Art of the Comeback. Mr.
Trump’s fourth book, The America We Deserve,
is a departure from his past literary efforts. This book deals
with issues most important to the American people today and
focuses on the views regarding American political, economic
and social problems. His fifth book, How To Get Rich:
Big Deals from the Star of The Apprentice, became an
immediate bestseller on all lists, as did Trump: The Way
to the Top and Trump: Think Like a Billionaire
which was released in October of 2004. His most recent book,
Trump: The Best Golf Advice I Ever Received was published
in April 2005, to be followed by Trump: The Best Real
Estate Advice I Ever Received in 2006. He has also teamed
up with Robert Kiyosaki to make publishing history with their
book, Why We Want You To Be Rich: Two Men, One Message,
which in October of 2006 made the #1 spot on the New York
Times, The Wall Street Journal, and Amazon bestseller
lists. Trump 101: The Way To Success debuted in late
2006 along with Trump: The Best Real Estate Advice I Ever
Received. In October of 2007 Mr. Trump’s book with
Bill Zanker Think Big & Kick Ass in Business and Life
was launched and met with great success.
A native of New York City,
Mr. Trump is a graduate of The Wharton School of Finance.
Involved in numerous civic and charitable organizations, he
is a member of the Board of Directors for the Police Athletic
League and United Cerebral Palsy. Mr. Trump also serves as
a Chairman of the Donald J. Trump Foundation as well as Co-Chairman
and builder of the New York Vietnam Veteran’s Memorial
Fund. In 1995, he served as the Grand Marshal of the largest
parade ever held in New York, The Nation’s Parade, which
celebrated the 50th anniversary of the end of World War II.
Mr. Trump is a founding member
of both the Committee to Complete Construction of the Cathedral
of St. John the Divine and The Wharton School Real Estate
Center. Mr. Trump was also a committee member of the Celebration
of Nations commemorating the 50th anniversary of the United
Nations and UNICEF. More recently, Mr. Trump was designated
“The Developer of the Year” by the Construction
Management Association of America and Master Builder by the
New York State Office of Parks, Recreational & Historic
Preservation. In June 2000, he received his greatest honor
of all, the Hotel and Real Estate Visionary of the Century,
given by the UJA Federation, and in 2003 was named to the
Benefactors Board of Directors by the Historical Society of
Palm Beach County.
By January of 2004, Mr. Trump
had joined forces with Mark Burnett Productions and NBC to
produce and star in the television reality show, The Apprentice.
This quickly became the number one show on television, making
ratings history and receiving rave reviews. Few shows have
garnered the worldwide attention that The Apprentice has
achieved, and it received three Emmy nominations for excellence.
Mr. Trump has signed to continue in this role for the 2007-2008
television season. Moreover, Mr. Trump is producing additional
network and cable television programming via his Los Angeles
based production company, Trump Productions LLC. Pageant
Place, produced by Trump Productions, began its first
season in the fall of 2007. His radio program with Clear Channel
Radio, parent company of Premiere Radio Networks, beginning
in the summer of 2004, broke all syndication records. Trump
Magazine, Mr. Trump’s new luxury magazine, was
successfully launched in the fall of 2004, followed by the
launch and great success of the Donald J. Trump Signature
Collection, which includes business suits and suit separates,
dress shirts, neckwear, cufflinks, watches, eyewear, small
leather goods, belts, and luggage. The neckwear collection
became the number one selling brand at Macy’s Herald
Square, New York, highlighting the demand by consumers to
emulate Mr. Trump’s sense of fashion.
In May of 2005, Trump University
Online was introduced and in June 2007, Trump Financial LLC
made its debut. In the fall of 2006, Trump Vodka
was successfully launched, and in the spring of 2007, Trump
Home was introduced, which includes a comprehensive collection
of furniture, floor fashion, lighting and fine art.
In late 2005, Mr. Trump announced
plans for his first project in Dubai, UAE, to be called The
Palm Trump International Hotel & Tower. This luxurious
50 story hotel will be located at the gateway to the Palm
Jumeirah Island, and is being developed in conjunction with
Nakheel, one of the largest developers in Dubai. Current and
future developments include towers in Honolulu, New Orleans,
Philadelphia, SoHo/New York, Hollywood/Florida, Stamford/CT,
Jersey City/NJ, Westchester/NY, the Trump Ocean Club International
Hotel & Tower in Panama, Trump Island Villas and golf
course on Canouan Island in the Grenadines, as well as developments
in Seoul/Korea, Sao Paulo/Brazil, Istanbul/ Turkey, Punta
Bandera/Mexico, Cap Cana/Dominican Republic, Tel Aviv/Israel,
and Toronto/Canada, round out his portfolio of international
holdings. In total, the Trump Organization has 33 real estate
projects in development around the globe.
In the August 21-28 2006
issue of BusinessWeek magazine, Mr. Trump was voted,
by their readers, as “the world’s most competitive
businessperson” and voted by the staff and writers of
BusinessWeek as one of the Top 10 most competitive businesspeople
on the planet. The ongoing business success of the Trump Organization
was recognized by the Crain’s New York Business List
2006, with a ranking of Number 1 for the largest privately
held company in the New York area. Also renowned for his celebrity
status, Forbes ranked Mr. Trump number 12 in the world on
their top 100 celebrity list in 2006.
Mr. Trump is the highest
paid speaker in the world, and he draws the largest crowds
in the Learning Annex’ history, often in excess of 50,000
people.
In January of 2007, Mr. Trump
received a star on the Hollywood Walk of Fame.
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