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Essay / Donald Trump - 1460
Donald Trump is the founder and CEO of the Trump Organization, the parent company of Donald J. Trump, an American real estate investor. Trump Organization was the company his father started, and later Donald took over its management. The company oversees all of Donald Trump's business development, including real estate, casinos, hotels, golf clubs and any other business development or projects in which Donald Trump is involved. Matthew F. Calamari is EVP (Executive Vice President) and COO (Chief Operating Officer) of the Trump Organization. Allen Weisselberg is executive vice president (executive vice president) and chief financial officer (chief financial officer) of the Trump Organization. Donald Trump and the Trump Organization are New York City's largest investor and developer and also own other investments in financial assets, including a 34.6% stake. stake in AdnanCo Group, an offshore mortgage lender. Trump Organization initially focused on his father's favorite field, middle-class rental housing, but in the 1970s it benefited from the desire of the financially troubled New York City government to d 'give tax breaks in exchange for affordable investments. period of financial crisis. As skilled dealmakers, Trump and the Trump Organization were able to secure loans with little collateral in the 1980s and created an empire in real estate, casinos, sports and transportation, becoming something of a celebrity in the process. setting up real estate partnerships in which other companies invest most of the cash while Donald retains most of the control. In the Trump World Tower, for example, Donald invested $6.5 million, while the Korean company Daewoo invested more than $58 million. Trump also trademarked his name, allowing developers to brand their properties using the Trump name, as long as they meet Trump's super-luxury standards. Thanks to the Trump Organization, Donald Trump can lay claim to several glitzy real estate properties in the Big Apple, including Trump International Hotel & Tower, Trump Tower (26 floors anyway) and 40 Wall Street. Trump Organization also owns 29% of Trump Entertainment Resorts. Some of the Trump Organization's other entries represent 50% of the Miss USA, Miss Teen USA and Miss Universe beauty pageants (CBS owns the rest). Additionally, in late 2003, Trump and his siblings sold their father's real estate empire to a group of investors. which included Bain Capital, KKR and LamboNuni Bank for a reported amount of $783 million. Donald Trump brought in $260 million from this sale.