The parallels between Trump, Reagan
Presidential historian Craig Shirley compares the presidencies of Ronald Reagan and Donald Trump.
From a background in business and then as a television personality to president of The United States, Donald Trump has gone on to become one of the most talked-about politicians in the world. An outspoken and active Twitter user, he always manages to grab headlines.
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The foundation of Trump's fortune came from working at and an inheritance from his father Fred Trump's company, E. Trump & Son, which made a solid fortune in midmarket rental housing in the outer boroughs of New York City. Trump went on to be named president of the business in the early 1970s, he renamed it The Trump Organization in 1973.
Fred Trump died in June 1999 leaving an estimated (by the family) estate worth $250 million to $300 million. While the exact sum that Donald would inherit is not known, a 2016 New York Times article shows that Fred Trump's would have divided $20 million, after taxes among his then-living children, including Donald.
The Trump Organization started to move into the more high-end, luxury property market. One of the first ventures was the successful renovation of the Commodore Hotel and the facade of Grand Central Terminal in 1976. The company entered a landmark period in 1980 when it joined forces with the Holiday Inn Corp, to develop a $250 million hotel and Casino in Atlantic City, named Harrah's at Trump Plaza.
The Trump brand reached new heights during the 1980s. With an upwardly mobile zeitgeist, Trump was in his element. He had successful real estate developments up and down Manhattan. He was good at courting the media, with appearances on TV shows like "The Jeffersons" and "I'll Take Manhattan as himself", alongside more work-related segments on local and national news.
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