With US election news heating up and the infamous Donald Trump still hogging the spotlight, it’s about time we take a closer look at whether it’s worth investing in his plan to “Make America Great Again”.
Donald Trump hails from Queens and is the son of a real estate developer, Fred Trump. In 1971, he assumed control of his father’s company and renamed it “The Trump Organization” and went on to build casinos, hotels, golf courses, and other properties bearing the Trump name.
Before all that, though, one of Trump’s first ventures actually turned out to be an unsuccessful one. When he was 23, Donald invested $70,000 to be a co-producer in the Broadway comedy “Paris Is Out!” which didn’t do well. When it comes to real estate, his first projects involved revitalizing foreclosed residential apartments for the middle class.
His Swifton Village project, in which he worked with his dad, delivered positive results as they managed to improve the occupancy of the apartment complex from 34% to 100%. From there, Donald Trump carried on with overseeing the company’s apartments in other parts of New York before moving on to larger construction projects and acquisitions, such as the Taj Mahal Casino in Atlantic City.
Below we will look at the Donald Trump failed ventures and the Trump Recovery.
This content is restricted to site members. If you are an existing user, please log in. New users may register below for FREE.