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Donald Trump

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Francesco PullellaMacroeconomics10-9-11Case Study 1“The Don” | | | | | |

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Donald Trump is one of the most feared, controversial, savviest businessmen in the world. He did make it big on one idea or one big deal. Donald is one of the truest businessmen for the fact that he loves the game of business. He has done it all from casinos, to golf courses, to beauty pageants, to TV shows. He is not content with just being involved in 1 or 2 financial projects. Trump was born in June of 1946 into a wealthy family. At first Trump attended public school but after constant disciplinary issues, his parents made the wise decision in sending him to military school. Trump exceled in baseball, football, and soccer. Particularity baseball where he was captain his junior and senior year. Trump graduated high school in 1964 and went onto college. Trump spent his first two years at Fordham University studying economics; he realized however he was cutting himself short at Fordham. “I began by attending Fordham University... but after two years, I decided that as long as I had to be in college, I might as well test myself against the best”. Donald pursued the best and got into the Wharton School of Business at University of Penn. Trump got his business start at his fathers’ company, Trump enterprise. His father’s company dealt primarily with middle-class rental housing. Subsequently that area of business is where Donald made his first millions. Trump always thinking big realized the serious profit potential that was possible in Manhattan. In 1971 Trump moved to Manhattan and made it a point to introduce himself to the most influential people in the city. Trump realizing he did not have the bank accounts that these men had, convinced his father into helping him achieve his business goals. Trump’s father financed his son’s projects as Donald made the both of them millions. As successful as trump was in Manhattan he still was not satisfied. “I don't make deals for the money. I've got enough, much more than I'll ever need. I do it to do it.” He wanted to experiment with a new profit making arena, Atlantic City. Trump acquired his first piece of real estate in Atlantic City in 1980. Atlantic City was a whole different level of playing field compared to Manhattan. Trump knowing Rome was not built in a day went to Harrah’s for financial backing. In 1982 Harrah’s at Trump plaza was born. Trump went on a roll for the next 8 years after that. Buying out Harrah’s in 1986 and expanding his already large real estate empire in Manhattan. The early 90’s however were not too profitable for “The Don” he watched his 1.7 billion dollar net worth plummet to 500 million. There were rumors Trump was near bankruptcy. Trump being the deal maker that he is brought his net worth up to 3 billion in 1997. Even more showcasing his prominent business skills. Trump has most recently turned to entertainment venues to keep his interests sparking these days. His most famous being the television show The Apprentice. The show brought a lot of popularity to Trump especially with the United States’ younger generation. The phrase “you’re fired” made Trump a television icon. Not to mention “The Don” was paid 3 million dollars an episode for his part in the show. As successful as he is Donald is not a fairy tale rainbow character. It has been very notarized about his multiple marriages and affairs for that matter. He has also never been afraid to let the public know how he feels about certain individuals. Rosie O’Donnell had some unflattering comments to make about “The Don” and this is how he responded. "You can't make false statements. Rosie will rue the words she said. I'll most likely sue her for making those false statements... and it'll be fun. Rosie's a loser. A real loser. I look forward to taking lots of money from my nice fat little Rosie." In fear of being sued and Trump’s wrath Rosie never had a negative word to say about Trump again. Trump is also very well known for his “gutter mouth” which he is also not concerned about exhibiting. One very interesting fact is that Trump does not drink. Many find this to be astounding for the amount of bars, clubs, casinos, and liquor licenses he owns. The reason I personally look up to Trump as business man is because of a situation I had a couple of years ago in the parking garage of the Trump Marina. I was unloading food samples out of a white van in a vacant part of the garage; when a stern voice behind me said “what the f*** are you doing over here”. I turned around to see the 6’3 Trump behind me. I explained to him I was just delivering samples to where I was told. Realizing I was just trying to do my job Trump told me there have been issues with prostitutes lingering in this part of the garage and told me to move my van. It blew my mind that Trump was out personally patrolling his garage. I grew a deep respect for the man from that day on. He did not talk down to me. He presented himself like any other business man would, looking out for his investment. As famous and well-known as Trump is, at heart, he will always be a business man.

Works Cited
Kidawa. (2002, April 22). American bussinasman. Retrieved from http://www.notablebiographies.com/St-Tr/Trump-Donald.html
Jim Harney. (2010, Novembver 13). Donald trump biography. Retrieved from http://www.brainyquote.com/quotes/authors/d/donald_trump. steve fillion. (2011, July 8). Trump family values. Retrieved from : http://politics.blogs.foxnews.com/2011/05/23/trump-maybe-i-am-running-after-all melanie pavlin. (2009, June 18). "my evening with donald trump". Retrieved from http://tunedin.blogs.time.com/2011/02/11/breaking-donald-trump-begins-not-running-for-president

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