Companies Owned by Former President Donald Trump

Gave Alpurt is a financial journalist and a former editor of Invested Pedia.

Updated July 25, 2021 08:09 PM EDT Fact check Fact check: Pete Lasburn

Pete Lasburn is a copy editor and fact checker, has experiences of economics and personal finance, and has more than 20 years of class experience.

08:09 PM EDT

Donald Trump, the Businessman

The 45th President Donald J. Trump in the United States has been distinguished among successive presidents in terms of connection with the business world. George H. Bush and his son George W. Bush were involved in the oil business. Herbert Hoover was a mining business, Warren G. Harding was a newspaper business.

The difference is that all the presidents before Trump had been in one or more governmen t-i n-law before inauguration, or served as a general.

In other words, before Trump became the president, his business performance and his company's performance were the only criteria for measuring his profession.

There are still a lot of things to know, but now I know quite a lot. Here, we will introduce Trump's business transactions, success and failure, and the financial situation after retiring from the presidential position.

Key Takeaways

• Trump's business was at least $ 446. 3 million in 2019. In 2020, it was about 40 % to $ 278 million.
• Trump National Dral Golf Resort increased the sales of $ 77. 2 million in 2019 in the former President's business and sales of $ 77. 2 million. In 2020, the popular year of COVID-19, its revenue dropped by more than 40 %.
• According to Bloomberg, Trump's net assets fell to about $ 2. 3 billion during the presidential president, compared to about $ 3 billion before inauguration. Apart from this, Forbes estimates his current assets of $ 2. 1 billion.
• Mr. Trump's personal income is unknown because he describes business income instead of profits when financial disclosure.

Mixing Business and Politics

Trump's potential conflict was a remarkable topic throughout 2017 to 2020. With the giant power as the president, it became more important to understand how his long business list and the public role as the president can intersect.

These conflicts of interest did not become Trump's legal problem. President and Vice President have been clearly excluded from ethical regulations on conflicts of interest.

However, there were other issues, such as the honorary clause included in the United States Constitution by the founder. This clause prohibits the president from receiving worth from foreign governments.

Many critics say that this clause is applied to President Trump in some respects. However, none of the former President's violations have not ended, and there is no expectation to end in the near future.

The President's Trust

In the past 40 years, most US President has chose to put an investment destination into a blind trast to avoid realistic or recognized conflict between the president's economic benefits and the best interests of the nation.

Blind Trust owners cannot know or control what assets are in their trust. The use of Blind Trust is to avoid accusations that the authority of the presidential position is used for the economic interests of the officer.

The exception was President Barak Obama, and his only investment was not to use Blind Trust, as the conflict of interest, such as the index fund and the Ministry of Finance Securities.

In order to set a blind trust, it is necessary to first settle all the current assets of the trust owner and incorporate new assets into the trust. Most of Trump's assets were low liquidity real estate. The liquidation took costs, time, or even impossible. For example, Trump cannot sell a minority of office tower without the consent of real estate investment trust Bornado Realty Trust (VNO).

There, Trump ignored the norm, and instead deposited assets to the trust managed by two eldest sons. He was able to withdraw funds from the trust, regardless of the reason.

In fact, Eric Trump, one of the trustee, said in early 2017 that he would regularly report to his father about the Trump family's business.

This act violates the trust document that the trustee says, "No reports on the trusted property or income source to Donald J. Trump."

As a result, the president's business was held by the trust managed by his sons, and the ability of the trust that isolated the former President from conflicts of interest remained questions. < SPAN> However, there were other issues, such as the honorary clause included in the United States Constitution by the founder. This clause prohibits the president from receiving worth from foreign governments.

What We Know

Many critics say that this clause is applied to President Trump in some respects. However, none of the former President's violations have not ended, and there is no expectation to end in the near future.

In the past 40 years, most US President has chose to put an investment destination into a blind trast to avoid realistic or recognized conflict between the president's economic benefits and the best interests of the nation.

Blind Trust owners cannot know or control what assets are in the trust. The use of blind transformers is to avoid accusations that the authority in the presidential position is used for the economic interests of the officer.

The exception was President Barak Obama, and his only investment was not to use Blind Trust, as the conflict of interest, such as the index fund and the Ministry of Finance Securities.

In order to set a blind trust, it is necessary to first settle all the current assets of the trust owner and incorporate new assets into the trust. Most of Trump's assets were low liquidity real estate. The liquidation took costs, time, or even impossible. For example, Trump cannot sell a minority of office tower without the consent of real estate investment trust Bornado Realty Trust (VNO).

What We Don't Know

There, Trump ignored the norm, and instead deposited assets to the trust managed by two eldest sons. He was able to withdraw funds from the trust, regardless of the reason.

In fact, Eric Trump, one of the trustee, said in early 2017 that he would regularly report to his father about the Trump family's business.

This act violates the trust document that the trustee says, "No reports on the trusted property or income source to Donald J. Trump."

As a result, the president's business was held by the trust managed by his sons, and the ability of the trust that isolated the former President from conflicts of interest remained questions. However, there were other issues, such as the honorary clause included in the United States Constitution by the founder. This clause prohibits the president from receiving worth from foreign governments.

Many critics say that this clause is applied to President Trump in some respects. However, none of the former President's violations have not ended, and there is no expectation to end in the near future.

Contradictions

In the past 40 years, most US President has chose to put an investment destination into a blind trast to avoid realistic or recognized conflict between the president's economic benefits and the best interests of the nation.

Blind Trust owners cannot know or control what assets are in their trust. The use of Blind Trust is to avoid accusations that the authority of the presidential position is used for the economic interests of the officer.

The exception was President Barak Obama, and his only investment was not to use Blind Trust, as the conflict of interest, such as the index fund and the Ministry of Finance Securities.

In order to set a blind trust, it is necessary to first settle all the current assets of the trust owner and incorporate new assets into the trust. Most of Trump's assets were low liquidity real estate. The liquidation took costs, time, or even impossible. For example, Trump cannot sell a minority of office tower without the consent of real estate investment trust Bornado Realty Trust (VNO).

The Investigations

There, Trump ignored the norm, and instead deposited assets to the trust managed by two eldest sons. He was able to withdraw funds from the trust, regardless of the reason.

In fact, Eric Trump, one of the trustees, said in early 2017 that he would regularly report the Trump family's business to his father.

This act violates the trust document that the trustee says, "No reports on the trusted property or income source to Donald J. Trump."

As a result, the president's business was held by the trust managed by his sons, and the ability of the trust that isolated the former President from conflicts of interest remained questions.

Trump's Current Wealth

Former President's business activities are almost unclear for several reasons. Mr. Trump's major companies (officially Trump Organization) are private companies, so they are not required to announce each quarter, such as listed companies.

Former President Trump has refused to publish a tax return, contrary to the recent customs of successive presidents.

The main means of evaluating what kind of business and how much profits it is making is the annual financial public at the Office of Government Ethics.

Every year, the president is required to submit a list of assets, income sources, pos t-US government positions, business transactions, liabilities, and received gifts. However, critics say that in some cases, the former President was reluctant to delay the submission and do it to an unusual length to avoid clear answers to the people, so that they could fully respond to these disclosure requests. say.

On September 27, 2020, the New York Times published two articles, including Trump about 20 years of tax return data. All records have not been published.

The Real Sources of Wealth

There are some things to keep in mind when evaluating data on Trump Organization's financial disclosure documents.

First, this data is a sel f-reported data of unpopular sel f-declaration, and readers must take the words of the company that it is accurate.

Second, many of the numbers described as "income" from a specific asset are instead of the income from those businesses. This was confirmed when Mr. Trump's tax return data was published by the New York Times, and many, including businesses that have made the largest profits, such as Trump National Dral, Golf, Resort. Indicates that the business is in the red.

Nevertheless, the financial figures do not indicate the amount actually brought back by the former President. For example, Trump's 2017 information disclosure states the income of Trump National Doral Golf Resort as $ 75 million, consistent with the income reported to Miami Dade County. The resort's pure operating profit of the year was dramatically less than $ 4. 3 million.

Top 5 Businesses Owned by Donald Trump

Clearly grasping the former President's business has become even more complicated by the fact that income and asset value are very wide. For example, Ma A Lago Club states "$ 50, 000 or more". Charlotte's Trump National Golf Club states that it is worth $ 5 million to $ 25 million.

1. Trump National Doral

• Another complication is that the Trump Organization itself contradicts its own numbers in its disclosures. The Trump Organization disputed Palm Beach County's $19. 7 million valuation of the Trump International Golf Club in Jupiter, Florida, as too high.
• But the former president's government disclosures to the Office of Government Ethics valued the property at more than $50 million, thus inflating the value of the former president's estate to the public, despite his efforts to lower its value for tax purposes.
• With this lack of information, any attempt to put a figure on the former president's net worth is at best an educated guess, requiring more information than is disclosed.
• Equally important, it is impossible to determine Trump's personal income from his own disclosures, since we don't know the expenses of the businesses he lists.

Prosecutors are trying to answer these same questions. Trump and his companies are under investigation by the New York Attorney General over how the Trump Organization values ​​assets in financial statements to obtain loans.

The Manhattan District Attorney appears to be investigating similar claims of inflated asset values. The former president's former lawyer, Michael Cohen, testified that President Trump regularly inflated the value of his companies' assets to obtain better loan terms.

2. Trump Old Post Office LLC

• On February 22, 2021, the U. S. Supreme Court granted Manhattan District Attorney Cyrus R. Vance Jr. a subpoena for Donald Trump's tax returns and other financial records. They were not made public due to grand jury confidentiality provisions.
• All of these moves call into question the value of the Trump Organization's unaudited self-reported financial data.
• With this lack of information, any attempt to put a figure on the former president's net worth is at best an educated guess, requiring more information than is disclosed.
• From his financial disclosures and numerous other sources, Forbes magazine estimated Trump's net worth after leaving office. The magazine currently puts it at approximately $2. 4 billion. Although the publication conducted as thorough an investigation as possible given the paucity of information, this should be considered a rough estimate.

The $2. 4 billion represents a significant decrease from the $3. 1 billion generated from the end of 2019, due in large part to the damage COVID-19 has caused to the hotel and casino industry.

The second important financial value read from these documents is that Trump and his business raised at least $ 446. 3 million in 2019, which is 2. 6 % to 2. 6 % to $ 434. 8 million in the previous year. It is increasing.

In addition, Mr. Trump's specific profits for several businesses have been published. Looking at this figure, you will have a rough idea of ​​which Trump business is the largest source of revenue, or whether the revenue is increasing or decreasing.

3. Trump Ruffin Tower LLC

• Former President's business is generally classified into five types: hotels, golf courses (or combination), condominiums, rentals of houses and commercial real estate, and licensing fees for Trump.
• The New York Times article has released a new important source of information as well as the income published by Donald Trump was actually income.
• With this lack of information, any attempt to put a figure on the former president's net worth is at best an educated guess, requiring more information than is disclosed.
• Specific companies, such as Trump Tower, are making profits, but the losses of Trump Business as a whole from 2000 to 2018 are $ 174. 5 million. During the same period, pure income from license contracts and en d-time contracts is $ 230 million, pure income from the television program "Apprentice" is $ 197. 73 million, and other investments in other companies run by others. Was $ 178. 7 million.

The following list is limited to businesses indicating specific income. The numbers are the latest available from materials.

2019 income: 77, 207, 936

4. Trump Turnberry

• 2018 Revenue: $ 75, 962, 848
• Obvious value of $ 50, 000 or more in 2019
• With this lack of information, any attempt to put a figure on the former president's net worth is at best an educated guess, requiring more information than is disclosed.
• Equally important, it is impossible to determine Trump's personal income from his own disclosures, since we don't know the expenses of the businesses he lists.

When the former President announced a plan to hold the G7 in 2020 in Trump National Dral in 2019, Dral had a great controversy. In response to the accusation from the president's position to make a profit, he withdrew the proposal.

2019 income: $ 40, 523, 041

5. Mar-a-Lago Club LLC

• 2018 Revenue: $ 40, 842, 294
• Obvious value of $ 50, 000 or more in 2019
• With this lack of information, any attempt to put a figure on the former president's net worth is at best an educated guess, requiring more information than is disclosed.
• This business is a holding company of Trump International Hotel in Washington, D. C., and is open at the former post office building, the national landmark. Mr. Trump's company has a lon g-term leasing agreement on the land owned by the US government, and if it is extended, it may last nearly 100 years.

The hotel was at the center of the major defamation case against the former President. A group of hotels and restaurants, a group of owners, appealed to Trump for violating the President's insult, saying that the hotel undertakes a highly constitution of foreign government officials to buy his joy and benefit from unconstitutional. For this reason, the former president's hotel has argued that it has given its business an unreasonable competitive advantage.

In response to lawsuits and public opinion criticism, Trump Organization plans to sell a hotel rental contract. They were looking for a purchase price of more than $ 500 million, and was the highes t-class hotel project per room. With the epidemic of COVID-19, the sale procedure was on hold.

2019 Revenue: $ 27, 677, 448, a condominium sales of $ 4, 414, 500 and a hotel income of $ 23, 262, 948.

2020 Challenges

2018 Revenue: $ 28, 558, 298, condominium sales of $ 6, 002, 244, hotel income of $ 22, 556, 054.

Obvious value of $ 50, 000 or more in 2019

Business type hotel and condominium

Trump Ruffin Tower LLC runs a Trump International Hotel & Tower in Las Vegas. The tower, built in 2008, is a complex development of hotels and condominiums.

More than 10 years ago, when the business was opened, the real estate market was devastated and struggled. The plan of the second tower was blank.

Trump's Failed Businesses

2019 income: $ 25, 691, 318

2018 Revenue: $ 23, 446, 634

One Decade of Business Dealings

Obvious value of $ 50, 000 or more in 2019

Business formal golf resort

Trump Turnberry, built by Archivold Kennedy in 1906, is one of the two golf resorts owned by the former President in Scotland.

Trump's Casinos

Trump purchased a turnberry resort from a private company from Dubai.

2019 income: $ 21, 432, 344

2018 Revenue: $ 22, 692, 146

Obvious value of $ 50, 000 or more in 2019

Trump Model Management

Type of business hotels and resorts

The Mahlago Club was built in 1927 by Marjolie Mereweather Post, who later inherited the General Foods Corporation Poster Serial.

In 1968, she decided to donate Ma A Lago to the US government to use it as a winter white house. When she died in 1973, the government refused to donate because of its high maintenance costs.

The Trump Entrepreneur Initiative

In 1985, Trump purchased this mansion for $ 8 million. He is used as a winter white house and is still operated as a private resort club.

2020 was a difficult year for former President's business, as the COVID-19 Pandemic hit the hospitality industry.

According to a survey by the U. S. Hotel and Accommodation Association (AHLA), nearly 9 hotels in 2020 were temporarily closed and rayoffs. More than half of the surveyed hotel owners said they could lose their facilities due to seizure.

Trump Organization has fired about 1, 500 employees by COVID-19 as of early April 2020, including 560 Trump National Doral.

Trump's biggest profitable business, Trump National Dral, was forced to close in March with many other real estate.

Trump Ice Natural Spring Water

It was reopened in June 2020 with some other Trump hotels.

Trump's current business cannot know if only a part of his businessman's achievements. For decades as a real estate manager, he has made a long list of companies that have been sold, dissolved, and bankrupt.

Trump companies have applied for bankruptcy six times, and Trump sel f-portraits praised this fact as "using national laws wonderfully."

Trump Steaks

It will be helpful for 10 years before Trump became the president. From 2006 to 2016, the New York Times investigated all business transactions published by Trump Organization.

Donald Trump's life story: From real estate to politics

The 60 transactions reflected the extremely uneven achievements on business success: "On e-third of them did not get on orbit, or failed immediately. On e-third of the building built a building. The promise was realized, such as holding courses and launching products, but I also encountered serious issues, such as litigation, government surveys, partnership problems. On e-third, while encountering a struggle, is generally responding to expectations, "said the New York Times.

Deeply considering the former President's business record, he would not be able to say his series of famous bankruptcy and other failures. The following is a highlight list, although it is not comprehensive.

In the early 1990s, Donald Trump faced personal bankruptcy due to three deficit casinos in three personal debt, worsening finances, and Atlantic City. His biggest casino Trump Taj Mahal had already declared bankruptcy in 1991.

The heir

To deal with this, Trump has launched a new stock (IPO) of Trump Hotel & Casino Resort. With the public public offering, Trump raised enough money to avoid sel f-bankruptcy and sold a large debt to investors. Trump retired in 2009, and his name was changed to Trump Entertainment Resorts in 2005. According to the billionaire Warren Buffett, the company had experienced two bankruptcy, and investors had lost 90 cents per dollar.

Trump Entertainment Resorts went bankrupt again in 2014, sold to Icarn Enterprises (IEP) in 2016, and as a result, Trump lost its own. Taj Mahal, which was built by Trump in 1990 by $ 1. 2 billion, was later sold by Ikan Enterprise for $ 50 million, 4 % of the cost of hard rock International in 2017.

Trump model management is a model office established by Trump. The company is a natural extension of Trump's interest in the beautiful contest of Trump, with his production company produced Miss USA pageant and produced a TV ti e-up program titled "Pageant Place".

In April 2017, the news that Trump Model Management would be closed, and the email from the company was leaked. Some speculate that the closing decision was due to the accusation that some of the e x-models born in foreign countries were hired without a necessary employment visa.

Trump model management has denied illegal use of labor. Trump himself had 85 % of the shares in the business before the dissolution.

The unprecedented Trump and Reprene Initiatives was once known as Trump Universi. The fo r-profit educational company provided courses on real estate, asset management, entrepreneurship spirit, and wealth creation.

To deal with this, Trump has launched a new stock (IPO) of Trump Hotel & Casino Resort. With the public public offering, Trump raised enough money to avoid sel f-bankruptcy and sold a large debt to investors. Trump retired in 2009, and his name was changed to Trump Entertainment Resorts in 2005. According to the billionaire Warren Buffett, the company had experienced two bankruptcy, and investors had lost 90 cents per dollar.

Trump Entrepreneur Initiative faced a lawsuit in 2013 for illegal commercial conduct. The Corporate Corporation of New York filed a civil lawsuit of $ 40 million for the company for false promises to students.

A New York judge found Trump personally liable. In late March 2017, while Trump was president, the judge approved a $25 million settlement for defrauded students.

Trump Ice was a brand of bottled water. Kelly Perdue, winner of season 2 of The Apprentice, served as executive vice president.

The company's website no longer exists, and its products can no longer be found in national grocery chains or stores, but can still be found on eBay and other auction sites.

The brand

To deal with this, Trump has launched a new stock (IPO) of Trump Hotel & Casino Resort. With the public public offering, Trump raised enough money to avoid sel f-bankruptcy and sold a large debt to investors. Trump retired in 2009, and his name was changed to Trump Entertainment Resorts in 2005. According to the billionaire Warren Buffett, the company had experienced two bankruptcy, and investors had lost 90 cents per dollar.

The New York real estate mogul's life was a tabloid and television sensation for decades before his 2015-16 run for the White House.

His name recognition and outspoken campaign style helped him defeat veteran politicians, but a controversial tenure led to him being removed from the presidency after just one term.

Now 78, the Republican is staging a stunning political comeback that could see him once again defying adversity and returning behind the desk in the Oval Office.

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To deal with this, Trump has launched a new stock (IPO) of Trump Hotel & Casino Resort. With the public public offering, Trump raised enough money to avoid sel f-bankruptcy and sold a large debt to investors. Trump retired in 2009, and his name was changed to Trump Entertainment Resorts in 2005. According to the billionaire Warren Buffett, the company had experienced two bankruptcy, and investors had lost 90 cents per dollar.

Despite the family's wealth, he was expected to take on the lowest-level job in his father's company and was sent off to the U. S. Military Academy at age 13 when he began misbehaving in school.

After earning a degree from the Wharton School at the University of Pennsylvania, he became a likely candidate to succeed his father, as his older brother Fred chose to become a pilot.

Fred Trump died at the age of 43 from alcoholism, but his brother said that this led him to avoid alcohol and tobacco for the rest of his life.

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The family

To deal with this, Trump has launched a new stock (IPO) of Trump Hotel & Casino Resort. With the public public offering, Trump raised enough money to avoid sel f-bankruptcy and sold a large debt to investors. Trump retired in 2009, and his name was changed to Trump Entertainment Resorts in 2005. According to the billionaire Warren Buffett, the company had experienced two bankruptcy, and investors had lost 90 cents per dollar.

In 1971, he helped manage his father's extensive portfolio of housing projects across New York City boroughs and took control of the company, which he renamed the Trump Organization.

His father, whom Trump calls "my inspiration," died in 1999.

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Popularity and media exposure that expanded with the business empire

To deal with this, Trump has launched a new stock (IPO) of Trump Hotel & Casino Resort. With the public public offering, Trump raised enough money to avoid sel f-bankruptcy and sold a large debt to investors. Trump retired in 2009, and his name was changed to Trump Entertainment Resorts in 2005. According to the billionaire Warren Buffett, the company had experienced two bankruptcy, and investors had lost 90 cents per dollar.

From Atlantic City, Chicago, Las Vegas, to India, Turkey, the Philippines, other facilities, such as casinos, condominiums, golf courses, and hotels, were also built.

As the owner of Miss Universe, Miss USA, Miss Teen USA, and creator and moderator of NBC's reality program "Apprentice".

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His children also appeared in the Reality program "Apprentice", which hosted the 14th season.

The candidate

During the 14th season, the lines of the "Apprad", a trademark, "You are fired!" While competition for "Apprentice" competing over his business empire's management contract.

Trump wrote a number of books, appeared in movies and professional wrestling programs, and sold everything from beverages to ties. However, his net assets have declined in recent years, and Forbes has estimated his current value of about $ 4 billion.

Trump has applied for business bankruptcy six times, and some of his venture companies, such as Trump Steak and Trump University, have broken down.

To deal with this, Trump has launched a new stock (IPO) of Trump Hotel & Casino Resort. With the public public offering, Trump raised enough money to avoid sel f-bankruptcy and sold a large debt to investors. Trump retired in 2009, and his name was changed to Trump Entertainment Resorts in 2005. According to the billionaire Warren Buffett, the company had experienced two bankruptcy, and investors had lost 90 cents per dollar.

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Marriage and divorce with Ivana Zernikova became a strong interest in the public.

Trump's private life is widely known.

His first and definitely the most famous wife was the Czech athlete and model Ivana Zernicova. Until the divorce in 1990, the couple had three children, Donald Jr., Ivanka, and Eric.

To deal with this, Trump has launched a new stock (IPO) of Trump Hotel & Casino Resort. With the public public offering, Trump raised enough money to avoid sel f-bankruptcy and sold a large debt to investors. Trump retired in 2009, and his name was changed to Trump Entertainment Resorts in 2005. According to the billionaire Warren Buffett, the company had experienced two bankruptcy, and investors had lost 90 cents per dollar.

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There is a 1 8-yea r-old son Baron with his current wife, Melania Trump.

Trump's current wife is Melania Kunaus, a former Slovenian model. She married in 2005 and has recently been 18 years old, Baron William Trump.

The president

Politicians Trump are alleged to have sexual failure and ou t-o f-marriage romance.

To deal with this, Trump has launched a new stock (IPO) of Trump Hotel & Casino Resort. With the public public offering, Trump raised enough money to avoid sel f-bankruptcy and sold a large debt to investors. Trump retired in 2009, and his name was changed to Trump Entertainment Resorts in 2005. According to the billionaire Warren Buffett, the company had experienced two bankruptcy, and investors had lost 90 cents per dollar.

In an interview in 1980, 3 4-yea r-old Trump describes politics as a "very low life," and the "most capable people" say they choose the business world.

However, by 1987, he began to notice a candidate for the presidential election. In 2000, he was temporarily examined from the Reform Party, and in 2012 he ran from the Republican Party.

Trump was one of the most vulnerable supporters of the conspiracy theory of Bersarhythm, asking if Barak Obama was born in the United States. Until 2016, he did not admit that it was a lie and did not apologize.

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Everything started when I got off the golden escalator of the Trump Tower

Trump officially expressed his candidate for the White House in June 2015, decling American Dream that he had died, but promised that he would "regain a larger and better way."

In a bohemian speech, Trump expires his wealth and business success, accuses Mexico to send drugs, crimes, and rape to the United States, and pays the construction costs of border walls to Mexico. I promised.

The overwhelming presence on the stage of the debate, and the controversy policy platform focused on enthusiastic fans and intense critics, and focused on media attention.

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Seated the Republican Preliminary Selection in 2015-16

Under the election slogan called Make America Great Again, he lightly pulled out rivals in the Republican Party and confronted the Democratic Party Hillary Clinton.

Beginners' election games were controversial, such as the outflow of voice tape, which boasts sexual abuse, and in the general election, polls were left behind.

The comeback

In a bohemian speech, Trump expires his wealth and business success, accuses Mexico to send drugs, crimes, and rape to the United States, and pays the construction costs of border walls to Mexico. I promised.

Immediately after taking office, he demonstrated unparalleled drama, making formal announcements on Twitter (now X) and publicly clashing with foreign leaders.

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Trump's presidency was an uneasy time for allies. He withdrew from major climate change and trade agreements, banned travel from seven Muslim-majority countries and issued other severe immigration restrictions, launched a trade war with China, implemented record tax cuts, and rebuilt relations with the Middle East.

For nearly two years, a special counsel investigated allegations of collusion between the 2016 Trump campaign and Russia. Thirty-four people were charged with criminal offenses, including computer hacking and financial crimes, but Trump was not charged. The investigation did not result in a conspiracy charge.

Soon after, Trump became the third U. S. president in history to be impeached, on charges that he pressured a foreign government to spy on his Democratic rival Joe Biden. He was impeached by the Democratic-led House of Representatives but acquitted by the Republican-led Senate.

In a bohemian speech, Trump expires his wealth and business success, accuses Mexico to send drugs, crimes, and rape to the United States, and pays the construction costs of border walls to Mexico. I promised.

With the United States leading the world in deaths and infections, he faced intense criticism for his response to the crisis. He also made controversial statements, such as suggesting to research whether the virus could be treated by injecting disinfectants into the body.

In October, he was diagnosed with Covid-19 himself, forcing him to take a break from the campaign.

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US President Donald Trump's own words on Covid-19

Though he ultimately won 74 million votes (the most of any sitting US president), he lost to Biden by more than 7 million votes.

From November 2020 to January 2021, he advanced claims of stolen votes and widespread election fraud.

Unwilling to accept the results, Trump rallied his supporters in Washington on January 6, urging them to assemble at the Capitol as Biden's victory was formally certified by Congress.

The rally turned into a riot, putting lawmakers and his own vice president at risk and leading to his historic second impeachment. Trump was again acquitted by a narrower margin in the Senate.