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Last time we talked about january 1979, Comrade Chuan Jianguo successfully bought the Bonwitt Taylor Department Store on Fifth Avenue, the most central part of New York. And in the center of this most central business district in the United States, the first building named after his family, The Trump Tower, was built.
Since then, the name or brand of Trump has become one of the synonyms of high-end real estate in the United States. Trump and their family's Trump Real Estate Group have also become one of the most famous real estate companies in the United States.
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In fact, as early as 1971, after seeing his son Chuan Jianguo's riotous operation in the mall, the old Trump confidently handed over the Trump management company he built with his own hands to jianguo. That year, our comrade Chuan Jianguo was just 25 years old.
After Mr. Chuan took over the family business, the first thing he did was change the name of the company to what we know as "The Trump Organization."
Friends may ask, I think it is called Trump, is there anything different about the suffix change?
Of course. The management company is just doing the management of assets, at most it is an ordinary real estate company. The group means that our Chuanbao has made up its mind to expand the family's business to more areas.
In the following years, the founding comrades continued to invest in the whole of New York, the United States, and even the United States.
Manhattan, New York
In 1974, when the Pennsylvania Railroad Co. (PRC) in Manhattan, New York City, declared bankruptcy, Trump immediately bought the property and proposed to the government to build a "municipal convention center" here, but the government never agreed. However, Chuan Jianguo was notoriously persistent, and finally won the approval of the New York City Government in 1978. However, the founding comrades had to ask the municipal government to name the conference center with "Trump", but unfortunately the municipal government refused.
In 1975, Jianguo bought PRC's Conmeut Hotel next to New York's Grand Central Terminal and spent five years rebuilding and introducing Hyatt Hotels Group. Finally, in 1980, the remodeled hotel was officially opened as a Grand Hyatt Hotel. This business made Chuan Jianguo officially circle in New York real estate.
This was followed by the above-mentioned purchase of the Bonwitt Taylor Building in 1979 and the eventual reconstruction of the 68-story Trump Tower in 1984.
This investment has brought great benefits and prestige to Sichuan Jianguo.
In the years that followed, Jianguo began his expansion into other cities and industries.
Pick up three
In 1985, Jianguo bought Mar-a-Lago in Palm Beach, Florida, for less than $8 million.
The estate was designed in 1924 by the famous designer Joseph Urban and lasted three years until 1927, when it was completed. Mar-a-Lago means "from sea to lake" in Spanish. The estate was built by its original owner, Marjorie Merriweather Post, a general food owner, to provide the president with a place for a relaxing holiday. Until Marjorie's death in 1973, it was a winter social gathering place for dignitaries in the United States and around the world.
When Marjorie died, the estate was given to the U.S. government. However, such a luxurious manor, no US president would dare to waste taxpayer money on vacation. Since no one lives, the government also pays a high maintenance fee every year. So in 1980, the government returned the manor to Post.
By 1985, Chuan Jianguo, who was looking around for high-quality assets, took a fancy to the abandoned manor. So he consulted with Post's descendants and bought the manor known as the "Winter White House" for less than 8 million yuan. After nearly a decade of successive renovations, in 1995 the founding of the country converted it into a private club of the Trump Organization.
Pick-up
In 1986, Comrade Jianguo also helped the New York City Government "wipe his ass."
In 1978, the Wollman Skating Rink, a major amusement facility in New York City's Central Park, was renovated due to aging equipment. According to U.S. law, such government infrastructure facilities require large-scale construction and must go through a complex process to ensure "integrity". So, after more than a year of demonstration and design. In the end, construction began at a total price of 6 million. However, according to the law, such a large volume of work must be split and built by several different companies. So as the construction progressed, the entire project experienced many suspensions, resumption of work, evaluation and transformation. The project is becoming more and more complex, and the money is spending more and more. By 1986, the Volman ice rink retrofit project had cost more than $20 million, enough to build three more ice rinks.
The City of New York collapsed, and they were drowned out by a flood of complaints and insults from citizens. The mayor even nearly stepped down.
At this time, Chuan Jianguo was already very famous in the real estate industry in New York. But with our Chuanbao character, such a limelight thing is definitely to be mixed. In the end, he made a military order to the government and New Yorkers in the form of a newspaper bet, with a 3 million offer, and will repair the ice rink within half a year.
This, of course, has lifted the spirits of the people of New York and the whole of the United States. In fact, the New York City government did not believe it at the beginning of the period, after all, it has spent 20 million projects that have not been done well, you say that you can solve it with no more than 3 million. Second, in half a year, an outdoor ice rink of thousands of square meters was repaired. Obviously, this is either a madman or a fool.
But Chuan Jianguo was so determined that he even bet that he would bear the part of more than 3 million. And if it is more than 6 months, he will not take anything. In the end, the government had no choice but to hand over this rotten project to Chuan Jianguo.
Comrade Jianguo did not blow it, and under the operation of a riot, it took only 4 months to repair the entire ice rink. And it cost less than $750,000. When the ice rink opened, the whole of New York was boiling. Everyone can see and believe that this blonde young rich third generation has really repaired this landmark facility that has plagued New York for 7 years. Trump's fame resounded throughout the United States.
(Dig a pit!) Later, we have a chance to talk carefully about how Comrade Jianguo repaired this ice rink in 4 months)
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Throughout the 1970s and 1980s, Chuan Jianguo was frantically expanding his territory. However, the awesome script can't be so bland, and it always takes some bumps to highlight his.
In the 1990s, as the U.S. economy continued to decline, the overall real estate industry environment continued to deteriorate. The Trump Organization, our founding comrades, has also encountered a crisis.
In 1988, Trump bought the Plaza Hotel in New York. He put the hotel in the hands of his then wife, Ivana Marie Zelnickova. The hotel filed for bankruptcy in 1992, and Trump lost half of his shares.
In 1989, the "Trump Road Bike Race" was founded, with the intention of catching up with the Tour de France, the Tour de Italy and other events, which failed two years later; in the same year, it acquired the Charter Business of Eastern Air Lines for $365 million, but in 1991, Eastern Airlines was also sold to Texas Airlines and Continental Airlines due to consecutive years of losses.
In 1990, banks that supported Trump's investments added new borrowings and letters
The loan was done to provide him with a $65 million bailout. The funding failed, leaving Trump with nearly $4 billion in debt nine months later; in the same year, his casino in Atlanta, New Jersey, Taj Mahal, was also ruled bankrupt.
In 1990, Trump attended the opening ceremony of the "Taj Mahal Casino"
In business, Chuan Jianguo's investment can no longer be as small and broad as usual, and it is always undefeated. Emotionally, the founding comrades also frequently scandalously.
Land-picking
As early as 1977, the 27-year-old Ivana met the 31-year-old Comrade Jianguo and married him in only 9 months, becoming the first wife of Chuan Jianguo.
Ivana continued to struggle after marrying into the giants, assisting the founding comrades to expand their territory, buying casinos, building buildings, opening hotels, and giving birth to 3 children for Trump. Among them, the eldest daughter Ivanka was the "hidden boss" in the Sichuan Jianguo government that we later became known.
Ivanka Trump
In 1992, the Trump Organization was plagued by a debt crisis brought about by the economic downturn. At this time, the scandal of the founding of the country and the future second wife Mara was blown up by the media. Ivana, the shrewd, hard-working, both internal and external, wife who accompanied Chuan for fifteen years was sympathized by all Americans. The divorce of the original golden boy and jade girl is a heavy blow to the reputation and business of Chuan Jianguo.
Mara Maples
In the end, Ivana received $25 million in divorce payments and left.
Later, the "little three" Mara also successfully turned positive in 1993. This Mrs. Chuan is actually known to the American people, and she was awarded the title of Miss Hawaii in 1985. Mara is hot and charming, otherwise Chuan Jianguo would not have chosen to abandon Ivana, who has helped her career a lot.
Of course, we later learned that Mara was not able to stay with this charming man for the rest of her life (otherwise the first lady would not be anyone else). The marriage between the two of them came to an end in just 5 years. In 1998, Mara also parted ways with Chuan Jianguo because of the "little three" problem. But because the two signed a prenuptial agreement, Mara was unable to take more of the property from Jianguo.
Pick up the slack
However, Chuan Jianguo is not a person who is so easy to lose, he can always give people a little new tricks.
Chuan Jianguo was not idle in the years when he was walking back. He resolutely implemented the principle of "life goes on and on and on". Through a series of capital operations, he successfully paid off $900 million in debt in 1994. At the same time, he also sold almost all his assets except real estate.
He had judged the explosive growth of the aviation industry in 1989, but by this time Trump Airlines had lost a lot of money. So he sold his airline, so that his debt fell to a lower level.
Chuan Jianguo was resurrected again.
In 1995, Comrade Jianguo announced his high-profile return to the whole of New York. The master of non-performing asset disposal once again brushed the eyes of americans, and the founding comrades finally bought the former Manhattan Bank Building at 40 Wall Street for only $8 million. It renamed the building The Trump World Tower.
The building was built in 1930 and completed in just 11 months. At 282.5 meters tall, the tower was the tallest building in the world at the time (it was surpassed by the Chrysler Building in less than two months, but it was also a New York landmark).
Originally, according to the idea of the founding of the country, he wanted to transform the building into a residential building. However, due to the age of the building and the huge amount of money it had to be spent, it had to be abandoned. In 1996, Jianguo finally renovated the building for $35 million. In 1998, the building was recognized as a New York Landmark by the New York CityMarksPreservationCommission. The Trump World Tower is also the tallest building in the Wall Street area of New York City.
This transaction once again showed Chuan Jianguo's genius business ability and image of not accepting defeat in front of the Americans, and also gave financial institutions strong confidence.
Later, Trump also bought the General Motors building with insurance giant Conseco Insurance Company for $800 million in 1998. In 1999, Trump opened his first golf course, Trump International Golf Club, in West Palm Beach, Florida. In 2001, the 72-story Trump World Tower was built in United Nations Plaza in New York City; in the same year, construction of Trump Square began. In 2002, he bought the Trump Park Avenue Building.
Trump International Golf Club
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In the 21st century, Chuan Jianguo's biggest vote in real estate was the Trump International Hotel & Tower Chicago project in Chicago. In 2001, Chuan jianguo prepared to build the world's tallest building in Chicago, the largest city in the Great Lakes region of the central and eastern United States.
Chicago is the largest city in the Great Lakes Region of the United States, and its main urban area is located in the south of Lake Michigan, making it the third largest city in the United States. It is the largest business center and one of the largest futures markets in the United States, and the number of new enterprises added to its metropolitan area has always ranked first in the United States, and it has been rated as the most balanced economy in the United States.
The founding comrades own a large piece of land on the Chicago River in downtown Chicago. He had planned to build the world's tallest building at more than 480 meters. But it was in 2001 that 9/11 occurred in the United States. This not only changed the overall foreign policy of the United States, but also caused Americans to have a shadow over supertall buildings for a long time. Chuan Jianguo had to shrink the building as a result.
By the time construction began in 2004, the main design of the building had been reduced to less than 400 meters. In the end, it was calculated by the antenna that it barely reached an altitude of 423 meters.
In 2009, the Trump International Hotel Tower was completed. The tower also refreshed the height of Chicago's city skyline and was the tallest building in Chicago at the time.
Trump International Hotel Tower, Chicago
Pick up the nine
After talking about Chuan Jianguo's experience as a real estate tycoon, we can see the other side of this "absurd" president.
Even if Chuan Jianguo's personality is obedient, he is very pompous in his work. But I have to admit that the founding comrades as businessmen are very successful and extremely talented. He understands value investing well and is very good at dealing with distressed assets. Through his superb negotiation skills, coupled with his proficiency in capital operation, he has successfully turned untaken non-performing assets into high-quality assets that lay golden eggs again and again. It has also succeeded in turning the Trump Organization into the most well-known real estate company in the United States.
Of course, in addition to the real estate of Chuan Jianguo, the young and famous and rebellious Jianguo is also extremely obsessed with the media industry.
As early as 1985, the 39-year-old Chuan Jianguo began his "acting career".
In 1985, Comrade Jianguo made a cameo appearance as the Atlantic City casino owner in the episode "You Can Never Get Rich" in the popular American drama "The Jeffersons" that year. Since then, after feeling that the film and television industry can bring more popularity to itself, Jianguo began his "acting career".
In 1992, Chuan Jianguo made a cameo appearance as a passerby character in the movie "Little Devil 2" that we are all familiar with. Later, he made cameos in film and television dramas such as "Fresh Prince Wonderful Things", "Genius Nanny", "Little People in Politics" and so on.
In 2004, Chuan Jianguo launched his own radio show "Trumped!" and also founded his own production company, "Trump Productions". Trump's first variety show was the famous reality show "The Apprentice." The show will feature sixteen ambitious, highly degreed, accomplished young men looking to get a job in Trump's estate kingdom that costs $250,000 a year. Mr. Chuan called the competition the world's fiercest New York street survival competition, in which he would fire fifteen of its participants in front of a national television audience.
The universally known slogan "You are fired!" That's the quote from this reality show.
The first 3 episodes of "The Apprentice" averaged 9.4% viewership. 18-19 year old viewers had a 23% viewership share, with an average of 19.1 million viewers, which was the 3rd in the 19 consecutive weeks of the 2003-2004 broadcast season, and the 18-49 age adult audience ratings were ranked 6th, making it one of the best viewership programs in NBC's new program broadcast history. This is enough to see Chuan Jianguo's ability to accurately grasp the market and the ability to operate commercially.
He knows too well how to get people's attention. Or "no one knows better than he does."
In 2007, Chuan Jianguo, as a showbiz star, successfully left his own handprint on the Hollywood Walk of Fame. It is also the second "president" in the United States to leave a handprint on the Walk of Fame (the other is the actor-born 40th President of the United States, Ronald Reagan).
Pick up
Many people will think that Chuan Jianguo's candidacy for the US president in 2016 is a whim of "eyeball-catching" behavior. In fact, Comrade Chuan Jianguo's interest in politics is as strong as his interest in models.
In 2000, 54-year-old real estate businessman Jianguo Chuan announced his candidacy for U.S. president as a candidate for the American Reform Party. But he soon withdrew from the campaign on the grounds that he was "afraid of shaking hands with too many people so as not to catch a cold."
2000 George W. Bush and Gore run for President of the United States
I prefer to believe that at that time, Chuan Jianguo may really hope to gain more reputation in politics. But as one of the many entrepreneurs in New York, without visibility and prestige, he will not receive bipartisan sponsorship, let alone the support of the people. So he began his own "out of the circle planning".
In 2001, Chuan Joined the Democratic Party again (Republican George W. Bush is president), and in 2009 Chuan Jianguo joined the Republican Party (Democratic Barack Obama is president). Many people will explain that this is his choice of identity such as "entrepreneur" and "show business". And I prefer to believe that this is a kind of "political speculation". After all, he prefers to dispose of "non-performing assets".
In 2012, Chuan Jianguo announced his second candidacy for the presidency of the United States. At that time, as a Republican candidate, he also concentrated all his energy on his opponent Barack Obama. Even the question of Obama's nationality was even tricky, and finally forced Obama to come up with his birth certificate. At this time, the founding of the country had gained a lot of political prestige in the Republican Party, and his candidacy was a "test of water temperature" water test. So, in the middle of the way, he abandoned the election.
The old fox must have waited until the prey reached the mouth before he could do anything.
In 2015, Chuan Jianguo, who was nearly 70 years old, began his last expedition. He announced his candidacy for U.S. president on June 17. At first, the whole United States did not believe it, and even thought that this was another "performance" of The Bo position. However, at this time, Trump has mastered the method of playing cards for this political show.
Eventually we all know, on the very beginning of the article that night. On November 9, 2016, Trump was successfully elected as the 45th president of the United States.