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.
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.
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.
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.
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.
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.
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Editors’ Picks
EUR/USD holds losses near 1.1850 as US, China holidays keep trade muted
EUR/USD opens the week on a softer note, trading near 1.1860 during the Asian session on Monday. Activity is likely to remain muted, with United States markets closed for the Presidents’ Day holiday, while Mainland China is also shut for the week-long Lunar New Year break.
GBP/USD flat lines as traders await key UK macro data and FOMC minutes
The GBP/USD pair kicks off a new week on a subdued note and oscillates in a narrow range, just below mid-1.3600s, during the Asian session. Moreover, the mixed fundamental backdrop warrants some caution for aggressive traders as the market focus now shifts to this week's important releases from the UK and the US.
USD/JPY retakes 153.00 after Japan's weak Q4 GDP print
USD/JPY kicks off the new week on a positive note as Japan's weak Q4 GDP growth tempers bets for an immediate BoJ rate hike and undermines the Japanese Yen. Investors, however, seem convinced that the BoJ will stick to its policy normalization path amid hopes that PM Takaichi's policies will boost the Japanese economy. In contrast, cooling US consumer inflation reaffirmed bets for more Fed rate cuts in 2026, which acts as a headwind for the US Dollar and should cap the currency pair.
Editors’ Picks
AUD/USD remains close to three-year top amid the Fed-RBA divergence
AUD/USD attracts some dip-buyers near mid-0.7000s during the Asian session on Monday, stalling last week's modest pullback from a three-year peak. The US Dollar continues with its struggle to attract any meaningful buyers amid bets for further rate cuts by the Fed, bolstered by the softer US CPI report on Friday. In contrast, the Australian Dollar retains a bullish bias on the back of the RBA's hawkish stance, which further acts as a tailwind for the currency pair.
USD/JPY retakes 153.00 after Japan's weak Q4 GDP print
USD/JPY kicks off the new week on a positive note as Japan's weak Q4 GDP growth tempers bets for an immediate BoJ rate hike and undermines the Japanese Yen. Investors, however, seem convinced that the BoJ will stick to its policy normalization path amid hopes that PM Takaichi's policies will boost the Japanese economy. In contrast, cooling US consumer inflation reaffirmed bets for more Fed rate cuts in 2026, which acts as a headwind for the US Dollar and should cap the currency pair.
Gold remains below $5,050 despite Fed rate cut bets, uncertain geopolitical tensions
Gold edges lower after registering over 2% gains in the previous session, trading around $5,030 per troy ounce during the Asian hours on Monday. However, the non-interest-bearing Gold could further gain ground following softer January Consumer Price Index figures, which reinforced expectations that the Federal Reserve could cut rates later this year.
Week ahead: Data blitz, Fed Minutes and RBNZ decision in the spotlight
The US jobs report for January, which was delayed slightly, didn’t do the dovish Fed bets any favours, as expectations of a soft print did not materialize, confounding the raft of weak job indicators seen in the prior week.
Global inflation watch: Signs of cooling services inflation
Realized inflation landed close to expectations in January, as negative base effects weighed on the annual rates. Remaining sticky inflation is largely explained by services, while tariff-driven goods inflation remains limited even in the US.
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