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Conclusion: 1) Have a good father, 2) Work hard, 3) Get up on your own after ........... fall!

Yesterday's article, U.S. Property Disclosure: Taking Stock of Total Assets, Ages and Salaries of Trump Administration Officials!, took stock of the total assets, ages and salaries of the team of President-elect Mr. Trump.

Today, let's take a look at how Trump's business empire got started!

Donald John Trump is a famous American entrepreneur, author, presenter, and 45th president-elect. Born in Queens, New York City, he is the Chairman and President of the Trump Organization and the founder of Trump Entertainment, which operates real estate, casinos and hotels around the world.

He owns his own Boeing 757 private jet (trumpairforceone)

It is generally believed that his total assets are ~$3.6 billion (25.2 billion yuan).

Want to know how he managed to amass such a huge fortune?

a) Have a good dad

Trump's father, Fred Trump, amassed considerable wealth by building and selling homes for American soldiers and their families in World War II. It was at his father's real estate company that Trump began to accumulate. In 1971, he took control of his father's apartment rental company, Elizabeth Trump, and Sons Company, which he later changed its name to the Trump Organization. Trump has invested primarily in real estate during this period, particularly condominiums, huge apartment buildings and Federal Housing Administration (FHA) housing, all in the New York metropolitan area.

According to the New York Times article, his father, Fred Trump, died in 1999 and has an estimated net wealth of between $250 million and $300 million. While the exact amount of money Trump inherited from his father has not been revealed, an article in the New York Times shows that Trump and several of his siblings paid $20 million in taxes. In addition, in 2003, it was reported that Trump and his siblings sold a portion of their father's real estate holdings for about $500 million. In addition to this inheritance, Trump's father spent his life by giving him loans and obtaining trust funds, and building wealth and political connections for his son.

b) their own efforts;

1) Real estate investment

Trump reached a milestone in 1980 when he partnered with Harrah, the parent company of Harrah Casino Resorts at the time, to develop a $250 million hotel and casino complex in Atlantic City called Harrah's at Trump Place.

Eventually, Trump will buy his partner and rename the property Trump Square Hotel & Casino. After the successful launch of Trump Plaza, Trump purchased a second Atlantic City property at the Hilton for a total of $320 million. After the hotel chain failed to obtain a gaming license, in classic Trump fashion, he renamed this latest purchase of Castle Trump.

2) The entertainment industry

In the 80s of the 20th century, Trump played a wrestling role on television in the world of wrestling entertainment "Wrestlemania". He was then active and eventually starred in a live TV show in which his business called "The Apprentice". After The Apprentice aired in 2004, Trump's personal brand awareness skyrocketed. In each season, more than a dozen contestants compete for a six-figure payment management position at one of Trump's many companies. A press statement issued by Trump's presidential campaign noted that Trump has earned a total of $214 million over the 10-year history of The Apprentice and its spin-off, Celebrity Apprentice.

3) Naming rights

If you want to understand Trump, you have to look at Trump's real estate investors in the past. You have to think of Trump as a brand name, like Coca-Cola or Nike

Many of the attributes that belong to Trump's name don't actually belong to the tycoon. The Trump Organization is known to work with developers to authorize deals. Under this arrangement, the developer pays a license fee to Trump; In exchange, they were allowed to mark their buildings with Trump's name and logo. Trump does this by receiving regular royalties, and the developer can raise the interest rate on what she charges, because Trump's name means high quality and luxury. According to Trump, his real estate licensing deals, intellectual property, brands and brand development are worth more than $3.3 billion; However, this figure from Forbes is around $253 million.

In addition to real estate, Trump has named his name to a variety of products, from mattresses and clothing to perfumes and furniture. In 2014 alone, according to Forbes, Trump received $3.25 million through consumer product licensing. Trump has found another way to get through his outspoken nature — by charging a fee for explanations for meetings and other features. From May 2014 to March 2015, he spoke at several exchanges, costing up to $450,000 per presentation.

4) Publishing

While Trump gained prominence and fame in the '80s through his business dealings and colorful television performances, his personal brand fame skyrocketed when he released his first book. "The Art of Trading" was released this month. According to most reports, it spent 51 weeks on the bestseller and sold about 1 million copies.

"The Art of Dealing" generated $50,000 to $100,000 in royalties in 2015. His monthly book, "America with a Disability: How to Make America Strong Again," earns between $10,000.

3) Able to get up on their own after falling.

Did you know that Trump was facing bankruptcy!

In the early 90s of the 20th century, there was a crisis in Trump's business empire. The national economy began to slow down, and the New York economy stagnated, reducing Trump's income. Soon, he found it difficult to pay interest on the debts he had accumulated to meet his different businesses. Trump's annual loan is $300 million. The Trump organization and its subsidiaries owe $9 billion, and Trump's total personal debt is $975 million.

To avoid filing for bankruptcy, Trump met with his four main lenders: Citibank, Cilips Bank, Chase Manhattan Bank, and the manufacturer Hanover Trust (now owned by JPMorgan Chase, the National Association). Banks are worried that they will also lose huge amounts of money if they pledge their property. In the end, Trump persuaded the bank to give him an additional $65 million, which he would use to keep his business running. The bank also agreed to defer interest and principal payments on Trump's outstanding loans for five years. Some of Trump's debts were paid with funds from the sale of his assets, including an airline (the Trump shuttle) and a yacht (sold to Saudi billionaire Princealwaleedbintalal). Trump also sold his controlling stake in the Plaza Hotel and turned his Florida beach house, Mar-a-Largo, into a resort.

The Trump organization's negative equity in 1990 was $5 billion, with as much as $1 billion guaranteed by Trump himself. The early '90s were turbulent for the Trump Organization's business prospects. In the same year, two of Trump's Atlantic City casinos filed for bankruptcy protection reorganization. Due to heavy debt, in 1991, Trump was forced to give 50% ownership of the Taj Mahal to bondholders in exchange for lower interest rates and additional extensions. Soon after, Trump merged with his three Atlantic City casinos to form a company called Trump Entertainment Resorts.

In short, Trump has created a business empire, largely based on his name brand. Trump built many luxury hotels, apartments and casinos, which became landmarks of prosperity in the 80s of the 20th century. However, some of Trump's businesses have faced four bankruptcies over the years. Most recently, in 2009, Trump Entertainment Resort was ravaged by the 2008 recession. While he faced financial bankruptcy and multiple business bankruptcies, Trump's branded products and real estate licenses remained in vogue and helped him become a billionaire. (To be continued.) Mobile phone users, please browse and read, a better reading experience.