Donald Trump's road to fortune began the old fashion way-he inherited it. Unlike the million dollar overnight IPO successes of innovative mega moguls entrepreneurs in the current dot com era, The Donald's roots had been firmly planted both fiscally and by practice in Real Estate by the generations before him..

The patriarchy of the development dynasty was Donald's Grandfather, Fred Trump Sr. One of many German immigrate to arrive at Ellis Island in the late 1800's, Fred Sr. quickly realize the true value of real estate investing in New York .At the time of his death the senior Trump had amassed six property parcel in New York, a large life insurance policy, and held 14 mortgages. In addition it is reported that owned the rights to 50 shares of preferred stock, several outstanding loans and a number of other buildable lots. "...The total value of Trump's Estate exceeded 36,000, a small fortune at the time"(Barrett 35). This amount would serve as the stepping-stone to the family's trade in real estate.

If Fred Sr. was the spark that started the of the Trump real estate empire, then his son , also

ithin the Democrat party. He joined the country' most affluent and power society, The Madison Club. Through his connections he lobbied for financial help by way of the FHA to expand Metropolitian Investor's home building efforts throughout New York and eventually as far south as Norfolk, Virginia. The wealth from his many housing developments and apartment complexes was more than Fred could ever imagine.

While this creative dealmaker, he was able to secure loans with minimal collateral and created an kingdom in real estate, casinos, sports, and transportation, the party didn't last forever. By 1990, the effects of his flashy egocentric pursuits put him in a position where he was unable to meet loan payments. Although he shored up his businesses with additional loans and postponed interest payments, mounting debt brought Trump to business bankruptcy and the brink of personal bankruptcy. Banks and bondholders lost hundreds of millions of dollars but opted to restructure his debt to avoid risking losing even more in a court fight. By 1994, Trump had eliminated a huge portion of his $900 million personal debt and reduced substantially his nearly $3.5 billion in

While the rise of Fred Trump had repeatedly reached new peaks, ensuing property and pork barreling scandals, as well as old age took their toll on the once unstoppable Fred Trump. He began to pursue other activities to remove him from the tension of the job he once thrived upon, and began to turn the reins over to the next generation. While going to college, Donald worked summer managing properties. Collecting rent and making repairs seemed a tedious and meaningless chore for Donald. He watched as the companies operations grew stagnant and revenues began to decline. As a sopho

Some common words found in the essay are:
Hotel Trump, Fred Sr, Business School, German Americans, Fred Trump, Fred Jr, Father Self-preservation, Donald Trump's, Fifth Avenue, Penn Central, real estate, penn central, fred trump, fred sr, fred jr, estate empire, real estate empire,
Approximate Word count = 1177
Approximate Pages = 5 (250 words per page double spaced)