Biography
Fred Trump is a famous American entrepreneur who passed the way from the simple calling to the head of a large company. He dedicated for many years of his life to the construction and real estate business, having achieved tremendous success. Thanks to the extraordinary abilities and purposefulness of Fred Trump left behind the capital in the amount of 300 million dollars. Together with his wife, he raised five children, one of which - Donald Trump - became the 45th president of the United States.
The future millionaire was born on October 11, 1905 in Bronx (New York). His father - Frederick Trump (real name - Friedrich Trump), arrived in New York in 1885 from the village of Calstadt (Kingdom of Bavaria). During the "gold fever", he managed to earn a rather large amount of money, after which he returned to the village, he married his neighbor's daughter Elizabeth Kraist and took the newly-made wife in the USA.
Fred brought up with the older sister Elizabeth and the younger brother John. Family members for a long time retained national traditions, and at home could always be heard German. Fred Trump studied at the Higher School of Richmond Hill from 1918 to 1923. However, parents since childhood passed the boy to work. Already from 10 years old, Fred worked with a spawning meat.
Business
When Fred Trump turned 13 years old, his father died. From this time, the boy had to work more diligently. After graduating from school, he worked with a simple handyman at construction site. In 15 years, Fred became a mother's partner in the company "Elizabeth Trump and Son". They were quite successfully engaged in the construction and development of the real estate market. Nevertheless, before reaching Fred, all the checks signed Elizabeth Trump.
In 1923, an ambitious guy took 800 dollars from a mother and built his first home in Woodhaven for this money. He managed to sell it for $ 7,000, which undoubtedly testified of his outstanding abilities. In the late 1920s, Fred was engaged in construction in Queens of single-family houses. In 1930, for the presidency of Franklin Roosevelt, the workers began to issue housing subsidies. This took advantage of Trump and sold his houses at a price of $ 3990.
During the Great Depression, Fred built a huge shop and offered an idea of self-service. Advertising slogan "Care yourself and save money" brought the Trump supermarket not only popularity, but also a good income. A year later, a successful businessman sold his brainchild King Kullenu, having received a considerable profit with this.
The Second World War forced Trump to send their efforts to another river. He began to build barracks and apartments for soldiers of the navy. At the end of the war, Fred has already specialized in the construction of more solid housing for families of veterans. Thanks to his efforts, 2,700 apartments appeared.
During the 1963-1964, Fred Trump was completely absorbed by the construction of the horses of the residential complex Trump-Williage worth 70 million on the island. In 1968, Donald Trump joined the construction case of the Father. Three years later, he took the post of president of the company. In the mid-70s, Donald received a loan from Father in the amount of $ 1 million for the development of his real estate in Manhattan, but Fred Trump itself remained working in Queens and Brooklyn.
Note that a talented businessman knew how to invest money, but sought maximum profit from each of his project. Fred Trump was a tough and purposeful person, which helped him to achieve tremendous success.
Nevertheless, Fred and his wife Mary have repeatedly supported various medical institutions. So, they financed the Jewish hospital in Long Island and the Hospital of Special Surgery in Manhattan. In addition, the millionaire allocated the land for the construction of the Jewish Center in New York. Financial support from Trump received an army of salvation, the boy-scouts of America, the school in which his children studied, etc.
Death
The six recent years of life Fred Trump suffered from Alzheimer's disease. Nevertheless, the cause of his death was pneumonia, which he fell ill in 1999.
The millionaire died on June 25, 1999 at the Long Island Medical Center. He lived 93 years and left behind a state of 250 to 300 million dollars.
Personal life
Fred Trump married Mary Ann Maclaud - an emigrant from Scotland in 1936. They settled on Jamaica (Queens) and created a big family. They had five children were born - two girls and three boys. Maryann's older daughter (born in 1937) became the judge of the Federal Court of Appeal. Less successful Freddie (1938-1981) was a pilot, but suffered from his addiction to alcohol. The second daughter Elizabeth (1942) worked for a long time in Chase Manhattan Bank. The youngest son Robert (born in 1948) became the president of the company engaged in the management of the property of the Father.
Separately, we note the penultimate Son Freda and Mary - Donald Trump (1946). He showed himself a successful businessman, TV presenter and the author of several books. In 2016, the prestigious Time magazine proclaimed Donald man of the year. It is not surprising, because the scandalous and eccentric republican, despite the ambiguous assessments of their fellow citizens, was elected the 45th US president.
During the election race, the nearest relatives were specially supported by Donald, among whom the daughter from the first marriage Ivanka Trump and her husband Jared Kushner, daughter from the second marriage - Tiffany Trump and the youngest son - 10-year-old Barron Trump. The newly elected president began to fulfill his duties on January 20, 2017.
The first lady of the country became his third wife - Melania Trump. At the inauguration, she looked great that could be considered in many photos from the celebration. Two days later, she took her son and left for New York, which was explained to the need for Barron to return to school.
Fred Trump was repeatedly criticized and accused of committing illegal actions. So, in 1927, the day of memory was noted by the fact that there were mass riots in New York with the participation of Ku-Klux Clan. As a result, two people died, and seven were injured. Among the arrested ku-Kluks-Klanovs were Fred Trump, but he was charged.
Fred sought to earn a maximum of his project, so some of his actions seemed not completely legal. In 1954, Trump was accused of speculating by government contracts and in the overestimation of the cost of construction work.
In 1973, the Civil Rights Department (US Department of Justice) filed a lawsuit against Fred Trump and his son Donald, accusing them in violating housing law. The investigation found that Trmp employees refused to eat apartments with black tenants. Nevertheless, businessmen did not feel any serious consequences of this case.