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: US Dollar to remain pressured until uncertainty fog dissipates
Unimpressive European Central Bank left monetary policy unchanged for the fifth consecutive meeting. The United States first-tier employment and inflation data is scheduled for the second week of February. EUR/USD battles to remain afloat above 1.1800, sellers moving to the sidelines.
GBP/USD reclaims 1.3600 and above
GBP/USD reverses two straight days of losses, surpassing the key 1.3600 yardstick on Friday. Cable’s rebound comes as the Greenback slips away from two-week highs in response to some profit-taking mood and speculation of Fed rate cuts. In addition, hawkish comments from the BoE’s Pill are also collaborating with the quid’s improvement.
USD/JPY gathers strength to near 157.50 as Takaichi’s party wins snap elections
The USD/JPY pair attracts some buyers to around 157.45 during the early Asian session on Monday. The Japanese Yen weakens against the US Dollar after Japan’s ruling Liberal Democratic Party won an outright majority in Sunday’s lower house election, opening the door to more fiscal stimulus by Prime Minister Sanae Takaichi.
Editors’ Picks
USD/JPY gathers strength to near 157.50 as Takaichi’s party wins snap elections
The USD/JPY pair attracts some buyers to around 157.45 during the early Asian session on Monday. The Japanese Yen weakens against the US Dollar after Japan’s ruling Liberal Democratic Party won an outright majority in Sunday’s lower house election, opening the door to more fiscal stimulus by Prime Minister Sanae Takaichi.
Gold: Volatility persists in commodity space
After losing more than 8% to end the previous week, Gold remained under heavy selling pressure on Monday and dropped toward $4,400. Although XAU/USD staged a decisive rebound afterward, it failed to stabilize above $5,000. The US economic calendar will feature Nonfarm Payrolls and Consumer Price Index data for January, which could influence the market pricing of the Federal Reserve’s policy outlook and impact Gold’s performance.
AUD/USD eyes 0.7050 hurdle amid supportive fundamental backdrop
AUD/USD builds on Friday's goodish rebound from sub-0.6900 levels and kicks off the new week on a positive note, with bulls awaiting a sustained move and acceptance above mid-0.7000s before placing fresh bets. The widening RBA-Fed divergence, along with the upbeat market mood, acts as a tailwind for the risk-sensitive Aussie amid some follow-through US Dollar selling for the second straight day.
Week ahead: US NFP and CPI data to shake Fed cut bets, Japan election looms
US NFP and CPI data awaited after Warsh’s nomination as Fed chief. Yen traders lock gaze on Sunday’s snap election. UK and Eurozone Q4 GDP data also on the agenda. China CPI and PPI could reveal more weakness in domestic demand.
Three scenarios for Japanese Yen ahead of snap election Premium
The latest polls point to a dominant win for the ruling bloc at the upcoming Japanese snap election. The larger Sanae Takaichi’s mandate, the more investors fear faster implementation of tax cuts and spending plans.
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