How did Donald Trump get rich?
Trump began his career at his father’s company, the Trump Organization, and initially concentrated on his father’s preferred field of middle class rental housing. One of his first projects was the revitalisation of the ailing Swifton Village apartment complex in Cincinnati, Ohio – turning a 1200 unit complex with a 66% vacancy rate to 100% occupancy within a year. When the Trump Organization sold Swifton Village for $12 million they cleared $6 million in profit. In the 1970s he benefited from the financially strained New York City government’s willingness to give tax concessions in exchange for investment at a time of financial crisis with the redevelopment of the bankrupt Commodore Hotel. He was also instrumental in steering the development of the Javits Convention Center on property he had an option on. The development saga of the Javits Convention Center brought Donald Trump into contact with the New York City government when a project he’d estimated could’ve been completed by his c
