Share:

Since Donald Trump announced his candidacy for president some weeks ago, he has filled hundreds of pages on newspapers and magazines with his controversial comments. Despite he is one the most hated candidates his popularity has increased with the support of the growing anti-establishment politician trend and he is leading the polls of the republican presidential race.

After all, he is a successful businessman with a fortune of 4 billion dollar.


Trump_Lucky

 

Following his father's steps

Born in June 14th of 1946 in Queens, New York, his professional career has always been related to real state development influenced by his father. However his personal goals were much grander than those of his senior. He said: “My father was my mentor, and I learned a tremendous amount about every aspect of the construction industry from him.”

In 1971 he became involved in large profitable building projects in Manhattan. He opened the Grand Hyatt in 1980, which made him the city's best known and most controversial developer.

His most known real state developments are Trump Plaza, 40 Wall Street in Manhattan, golf resorts in Florida and casinos in Atlantic City.



Trump_BIG

 

King of Mass Media

He has one of the most active twitter account among forbes list members 

Trump is the most googled presidential candidate. He was the most searched in every state the day of his announcement, and his “search interest” — percentage of national queries for the hour after he announced — was 87%.

In 2004 Trump began starring in the hit NBC reality series The Apprentice,. In 2007, Trump received his own Hollywood Walk of Fame star for his role as producer in this TV programme.

Trump_ passion

 

The B word

"I don't like the B word,” he said in 2010 while testifying in a New Jersey bankruptcy courtroom about his company, Trump Entertainment Resorts Inc., which had filed for bankruptcy for the third time. After this, he has faced bankruptcy several times.

A significant amount of debt was garnered from financing the Taj Mahal, one of Trump’s casinos acquired in 1988, through high-interest junk bonds. However, he ceded 50 percent ownership of the casino to the original bondholders, who lowered Trump’s interest rates and extended the loan so Trump had more time to pay off the debt.


Trump_Money

 

Diversifying investments

Some of the business he was involved are a Vodka brand, a board game, a mortgage company, a own line of clothing, casinos, a luxury airlines or even a university. All of them bear his name but not all of them had the same success.

Trump_Investment

 

A controversial political career

In 2008 and 2012 he talked of seeking the Republican presidential nomination but eventually withdrew from the race. He is very critical with President Obama's policies. He also appeared often with other candidates, such as Sarah Palin.

He has won a presidential primary in a major state: In 2000, Trump was among five candidates listed on the Reform Party primary ballot in California. He had filed papers the previous autumn to become a member of that party and one of its presidential candidates. Although he had withdrawn months earlier and did not campaign for the primary in California, he received 15,311 votes in the June event, 44 percent of the total.

A national phone poll completed on July 2015 showed Trump in the lead for a Republican nomination. Ex-governor of Florida and younger brother of ex-president George Bush, Jeb Bush, was slightly behind.


 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Editors’ Picks

EUR/USD holds below 1.0750 ahead of key US data

EUR/USD holds below 1.0750 ahead of key US data

EUR/USD trades in a tight range below 1.0750 in the European session on Friday. The US Dollar struggles to gather strength ahead of key PCE Price Index data, the Fed's preferred gauge of inflation, and helps the pair hold its ground. 

EUR/USD News

GBP/USD consolidates above 1.2500, eyes on US PCE data

GBP/USD consolidates above 1.2500, eyes on US PCE data

GBP/USD fluctuates at around 1.2500 in the European session on Friday following the three-day rebound. The PCE inflation data for March will be watched closely by market participants later in the day.

GBP/USD News

USD/JPY stays firm above 156.00 after BoJ Governor Ueda's comments

USD/JPY stays firm above 156.00 after BoJ Governor Ueda's comments

USD/JPY stays firm above 156.00 after surging above this level on the Bank of Japan's decision to leave the policy settings unchanged. BoJ Governor said weak Yen was not impacting prices but added that they will watch FX developments closely.

USD/JPY News

Editors’ Picks

EUR/USD holds below 1.0750 ahead of key US data

EUR/USD holds below 1.0750 ahead of key US data

EUR/USD trades in a tight range below 1.0750 in the European session on Friday. The US Dollar struggles to gather strength ahead of key PCE Price Index data, the Fed's preferred gauge of inflation, and helps the pair hold its ground. 

EUR/USD News

USD/JPY stays firm above 156.00 after BoJ Governor Ueda's comments

USD/JPY stays firm above 156.00 after BoJ Governor Ueda's comments

USD/JPY stays firm above 156.00 after surging above this level on the Bank of Japan's decision to leave the policy settings unchanged. BoJ Governor said weak Yen was not impacting prices but added that they will watch FX developments closely.

USD/JPY News

Gold clings to modest daily gains at around $2,350

Gold clings to modest daily gains at around $2,350

Gold stays in positive territory at around $2,350 after closing in positive territory on Thursday. The benchmark 10-year US Treasury bond yield edges lower ahead of US PCE Price Index data, allowing XAU/USD to stretch higher.

Gold News

Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium

Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000

Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors. 

Read more

US core PCE inflation set to signal firm price pressures as markets delay Federal Reserve rate cut bets

US core PCE inflation set to signal firm price pressures as markets delay Federal Reserve rate cut bets

The core PCE Price Index, which excludes volatile food and energy prices, is seen as the more influential measure of inflation in terms of Fed positioning. The index is forecast to rise 0.3% on a monthly basis in March, matching February’s increase. 

Read more

RECOMMENDED LESSONS

7 Ways to Avoid Forex Scams

The forex industry is recently seeing more and more scams. Here are 7 ways to avoid losing your money in such scams: Forex scams are becoming frequent. Michael Greenberg reports on luxurious expenses, including a submarine bought from the money taken from forex traders. Here’s another report of a forex fraud. So, how can we avoid falling in such forex scams?

What Are the 10 Fatal Mistakes Traders Make

Trading is exciting. Trading is hard. Trading is extremely hard. Some say that it takes more than 10,000 hours to master. Others believe that trading is the way to quick riches. They might be both wrong. What is important to know that no matter how experienced you are, mistakes will be part of the trading process.

Strategy

Money Management

Psychology