In this video of Asianet News English’s special series ‘Leaders of the World’, we explore the early life and family background of Donald Trump chapter wise. This chapter one focuses on the real estate legacy of his father, Fred Trump. Find out how Fred Trump's powerful real estate empire, his business tactics, and complex family dynamics shaped the foundation for Donald Trump's rise. From immigrant beginnings to a multi-billion dollar empire. This chapter uncovers the beginnings of one of America's most controversial figures.
#DonaldTrump #FredTrump #RealEstateEmpire #TrumpFamilyHistory #PoliticalBiography #World
🔊 LIKE ➡ SHARE ➡ SUBSCRIBE
For More Updates:
English: https://newsable.asianetnews.com/
Hindi: https://hindi.asianetnews.com/
Malayalam: https://www.asianetnews.com/
Kannada: https://kannada.asianetnews.com/
Tamil: https://tamil.asianetnews.com/
Telugu: https://telugu.asianetnews.com/
Bengali: https://bangla.asianetnews.com/
Like us on Facebook: https://www.facebook.com/AsianetNewsa...
Follow us on Twitter: https://twitter.com/AsianetNewsEN
Follow us on Instagram: https://www.instagram.com/ann.newsable/
➡ If you like our video, give us a thumbs up and subscribe to our channel to get the daily dosage of news, entertainment, sports and more.
#DonaldTrump #FredTrump #RealEstateEmpire #TrumpFamilyHistory #PoliticalBiography #World
🔊 LIKE ➡ SHARE ➡ SUBSCRIBE
For More Updates:
English: https://newsable.asianetnews.com/
Hindi: https://hindi.asianetnews.com/
Malayalam: https://www.asianetnews.com/
Kannada: https://kannada.asianetnews.com/
Tamil: https://tamil.asianetnews.com/
Telugu: https://telugu.asianetnews.com/
Bengali: https://bangla.asianetnews.com/
Like us on Facebook: https://www.facebook.com/AsianetNewsa...
Follow us on Twitter: https://twitter.com/AsianetNewsEN
Follow us on Instagram: https://www.instagram.com/ann.newsable/
➡ If you like our video, give us a thumbs up and subscribe to our channel to get the daily dosage of news, entertainment, sports and more.
Category
🗞
NewsTranscript
00:00Many authors and insiders have tried to decode Donald Trump's world and the man behind the
00:20persona.
00:21American journalist Michael Wolf's explosive book, Fire and Fury, described Trump's functioning
00:28in the White House with this observation.
00:31The journalist wrote, he did not read, he did not really even skim.
00:35Some believed that for all practical purposes, he was no more than semi-literate.
00:40He trusted his own expertise, no matter how paltry or irrelevant, more than anyone else's.
00:46American investigative journalist Bob Woodward's book, Fear, provides another vivid window.
00:51Quoting Trump railing against his own team, Woodward writes, the reality was that the United
00:56States in 2017 was tethered to the words and actions of an emotionally overwrought, mercurial
01:03and unpredictable leader.
01:06Members of his staff had joined to purposefully block some of what they believed were President's
01:10most dangerous impulses.
01:12It was a nervous breakdown of the executive power of the most powerful country in the world.
01:18Trump's own niece in her book, Too Much and Never Enough writes, Donald's pathologies
01:23are so complex and his behaviours so inexplicable that coming up with an accurate and comprehensive
01:29diagnosis would require a full battery of psychological and neuropsychological tests.
01:35Journalists Philip Rucker and Carol Leonig, in their incisive biography of Very Stable Genius,
01:41writes, by the fall of 2019, Trump was acting as if he were convinced of his own invincibility,
01:48believing he could wield the vast powers of his office in pursuit of his personal and political
01:54goals without accountability.
01:56He genuinely believed that his interests came first and that, as President, he was above
02:01the law.
02:03Not just this, Trump's refusal to change, summed up neatly in his own memoir, The Art of the
02:09Dean, where he admits, I play to people's fantasies.
02:13People may not always think big themselves, but they can get very excited by those who do.
02:19Emotionally overwrought?
02:21Invincible?
02:22Above the law?
02:23Without accountability?
02:24Who is Donald Trump?
02:30Donald Trump's grandparents, Elizabeth Christ and Frederick Trump, both immigrated to America
02:35in the late 19th century from what is now modern-day Germany.
02:39They were drawn by the promise of a better future.
02:42Trump's grandparents were immigrants from Germany, who have seen so much of, you know, hardships
02:48in their life.
02:49Do you think it has changed Trump even a bit in terms of his attitude towards immigrants,
02:55in terms of people who are actually coming into United States to seek opportunities?
02:59I do not think it has changed.
03:01Though Trump says that he has a big heart, very often he says, I have a very big heart,
03:06he will see in his many public statements.
03:08But in the matter of immigration, I do not think that any of his emotions are influenced
03:16by any of his, you know, parental backgrounds.
03:19Donald Trump's father, Fred Trump, was born on 11 October 1905 in Bronx in New York and
03:26was raised in Queens.
03:28Fred began by helping his mother, Elizabeth, with small construction projects after the
03:33death of his father.
03:34He learned carpentry skills and basic construction which gave him a direct, hands-on understanding
03:40of the building business.
03:42At just 21, Fred formally founded E-Trump & Sons with his mother.
03:47Elizabeth's savings and property holdings gave Fred a crucial financial footing, enabling
03:53him to expand steadily in Queens and Brooklyn, eventually building a vast residential empire.
03:59Fred's first real opportunity came during and after World War I in the booming 1920s.
04:05As New York neighborhoods expanded rapidly, Fred focused on building garages and modest
04:11homes that catered to working and middle-class families.
04:15He started off building garages because the car was sort of coming into vogue.
04:20He wasn't chasing luxury, but instead zeroed in on affordable, quality housing.
04:27Exactly what the post-war population needed.
04:31This focus positioned him perfectly to ride the wave of massive demand.
04:36When the Great Depression hit, Fred adapted fast.
04:40One of his early wins was opening a self-service supermarket in New York, at a time when most grocery
04:46shopping was done with clerks behind counters.
04:50He used those earnings strategically to purchase distressed real estate from struggling owners
04:55at dirt cheap prices.
04:57He then sold them for higher returns as conditions improved.
05:02This strategy filled his coffers and breathed life into what would become a sprawling real
05:08estate empire.
05:10Fred Trump cultivated a web of political relationships.
05:13Though Trump's father identified as a Republican, he donated money to Democrats controlling New York
05:19City to curry favor.
05:20This practice helped him access government programs, subsidizing apartment building developments.
05:27Trump was also heavily networked in the city with the politicians because for zoning, you had
05:32to get permissions.
05:34He used to contribute to political campaigns of the Democratic council members, mayors, even
05:39up to Nixon, he contributed in his campaigns.
05:42If you had to be making a building and you needed cement, you had to pay off and work with
05:46the mafia.
05:48Similarly, for the construction workers, they were the trade unions which were controlled by
05:53the mafia.
05:54So if you wanted your project to go up in time, you had to pay the mafia to let the workers
05:59work.
06:00When Fred was 21 years old in 1927, he was arrested in Queens at a Ku Klux Klan rally known for
06:06promoting white supremacist views.
06:08He was charged with refusing to disperse from a parade when ordered to do so.
06:13But Donald Trump inherited far more than just money from his father.
06:18He inherited a business mindset.
06:19For instance, Fred was known to seat clients in uncomfortable off-balance chairs, facing
06:25the glaring sun during meetings, subtly putting rivals at a disadvantage, a shrewd move he advised
06:33Donald Trump to use.
06:34He was a tough guy.
06:35He was very tough and had a great heart.
06:38As I've written in my book, Trumpotopia, you know, it is any individual is a mix of nature
06:46and nurture.
06:47Fred's nature was very competitive, very aggressive.
06:52And he drilled into Trump a sense of winning at all costs.
06:57You just have to win.
06:59You know, Darwinian perspective, survival of the fittest, you have to win.
07:04So that has been certainly, yes, you know, nurtured in him through Fred without doubt.
07:12One time in a clever marketing stunt in 1939, Fred Trump used a 65-foot yacht called the Trump
07:19show boat and tossed balloons into the crowd.
07:22The balloons had coupons on it, which people could redeem as discounts toward buying a Trump
07:28home.
07:29This eye-catching promotion drew huge attention and crowd.
07:32Fred married Marianne in 1936.
07:35Donald Trump's mother was born and brought up on the Hebridean island of Lewis in Scotland,
07:41but emigrated to New York to live a different life, free of economic hardships.
07:46Marianne worked as a domestic servant when she first came to the US before eventually marrying
07:52Trump's father.
07:53A few years later, Donald Trump was born on 14th of June 1946 in Queens, New York City.
08:05Donald Trump grew up in privilege.
08:08He lived in a lavish home with 23 rooms.
08:11They had a very rich, luxurious lifestyle, a mansion in which they lived.
08:14They had, you know, a governance, a housekeeper, a chauffeur, car-driven, etc.
08:19But he was fiery and aggressive from early on.
08:22He was sent to New York Military Academy by his father, who thought it would help put an
08:27end to his rebellious behavior.
08:29Trump once told biographer Michael D'Antonio that he was not well-behaved in school and
08:35even threw an eraser at a teacher.
08:37He is the only president in the United States who has attended a New York or a military academy
08:43in the schooling years.
08:45There have been presidents, you know, who later on gone on, you know, like West Point and
08:50college and etc.
08:52But he's the only president so far who's attended a military academy in school.
08:57So that definitely did discipline him.
09:00Trump did not know how to make a bed or shine shoes when he first arrived at the military
09:05academy and had to learn basic cadet responsibilities.
09:09But Trump wanted to stand out.
09:11One roommate reportedly said that Trump had anything you can do, I can do better attitude.
09:17In school, he won ladies' man in the senior yearbook.
09:20He also served as the captain of the baseball team and also played soccer while at the academy.
09:26As per reports quoting Trump's former classmate, George Butel, a lot of us were fooling around,
09:32playing around, and he was more business than a lot of us.
09:36You have to admire that.
09:38Another cadet, Arthur, who spent some time as Trump's roommate, reportedly said,
09:43he was intelligent, he presented himself well, he was athletic.
09:47I even heard from some of the coaches and staff that he could have played professional baseball.
09:53Trump was in charge of the rifle rack.
09:55One time at the academy, when Trump was inspecting the barracks, he became enraged after finding
10:00fellow cadet Ted Levine's bed unmade.
10:03During an altercation, Trump tore the sheets.
10:05In response, Levine hit Trump with a broomstick.
10:08Following this, Trump shoved Levine toward a second-floor window, reportedly attempting to push him out.
10:15But two other cadets intervened and prevented it.
10:18Classmates also say that Trump would often get so many girls at the military school on Sundays,
10:23something which was not allowed.
10:25Donald Trump was quieter and did not brag about his family's wealth,
10:29carrying himself as if he knew that he was just there to pass time,
10:34till the time he moves out to achieve something big for himself.
10:38Yet, some lower-ranking cadets suspected his privilege gave him advantages and that he got promoted early.
10:46Trump would often assert authority by instructing his officers to keep younger cadets in line,
10:51with one former cadet calling Trump a delegator.
10:54Trump was the fourth of five children born to his parents.
10:58Freddie, Donald Trump's elder brother, who was an American airplane pilot,
11:02struggled with alcoholism and ultimately died in 1981 at the age of 43.
11:07At one time, Donald Trump told Freddie to grow up, get serious and make something of himself in the family business.
11:14What he said to me one time was, I don't drink because if I did, I would want to be the best drinker there was.
11:25After military school, Trump was initially interested in being a movie producer,
11:30but it is said that he was rejected by the University of Southern California's film program.
11:36And so, Donald Trump enrolled at Fordham University in the Bronx in 1964.
11:42This university laid a foundation for him in liberal arts and economics.
11:47At the university, Trump also participated in Reserve Officers Training Cops program during his first year.
11:54This program intended to train commissioned officers for the armed forces.
11:58But Donald Trump gave it up by sophomore year to avoid the risk of being sent to fight in the Vietnam War.
12:05It is said that Donald Trump did not go to fight in Vietnam because he was diagnosed with bone spurs in his heels in the fall of 1968.
12:14And that this led to his medical exemption from military service.
12:18But it has remained a mystery for decades as to who granted the diagnosis report.
12:24In a 2018 report, the New York Times said that the diagnosis may have been a favor from Dr. Larry Bronstein,
12:30a foot doctor in Queens who rented his office from Trump's father, Fred Trump.
12:36Apparently, there were five times that he deferred the draft or was not drafted.
12:42And the fifth time was a bone spur in his foot, something like that.
12:46But whatever it be, I mean, it may be also a sense of entitlement.
12:50Yes, because, you know, you are living in a cocoon world.
12:54He was living in a bubble world in those years, right?
12:57Wealth, luxury.
12:59So maybe to them, war seems something very far away and not affecting him.
13:04So that could be, you know, I mean, at certain ages.
13:07So that may happen.
13:09He may have wanted to avoid the war.
13:10Yes, it could be.
13:11Trump also got his first taste for the game of golf
13:15while attending Fordham.
13:17Two years later, he joined the University of Pennsylvania's Wharton Business School in Philadelphia
13:22to pursue a degree more aligned with his career goals in real estate.
13:27He graduated in 1968 and then stepped into the family business
13:31just as New York's skyline was about to be his canvas.
13:35Donald and his father worked together tackling rundown housing projects that bled money.
13:41By 1971, Donald Trump took the company's rhymes from his father and became the president of the organization.
13:48But a new generation needed a new symbol.
13:51The old name, E-Trump and Sons, did not evoke the daring image he wanted.
13:57So he rebranded it as the Trump Organization.
14:00One controversy came in the 1970s when a lawsuit accused Trump's company of racial discrimination in housing.
14:09It was a serious charge.
14:11The lawsuit alleged that the Trump Organization used practices such as marking rental applications from black applicants
14:18with a letter C and steering them away from certain apartments.
14:23Actions that clearly violated the Fair Housing Act of 1968.
14:28But Trump, never one to back down, hired the legendary lawyer Roy Cohn
14:33and launched a fierce legal counter-attack.
14:37Though the countersuit failed, the settlement absolved the Trump Organization of any admission of guilt.
14:43This set a precedent.
14:45Aggressive countersuits, theatrical denials and combative press strategies
14:51would define Trump's playbook in business and later in politics.
14:56Control the story, deflect criticism and treat settlements as moral victories
15:02so long as you never admit defeat.
15:05He moulded Trump a lot.
15:07You know, go, litigate.
15:09Anything which comes up, go and litigate.
15:11Never give up.
15:12Counter-attack.
15:13If you are attacked, counter-attack.
15:14Counter-attack.
15:15Counter-attack.
15:16Counter-attack.
15:17So, Roy Cohn has been a huge influence in nurturing Donald Trump.
15:20Donald Trump's nephew has publicly stated in interviews and his own memoir
15:25that he heard Donald Trump use the N-word on at least one occasion during the early 1970s.
15:36But beneath the glitz and bold branding was the journey from living in the long shadow of his father's empire
15:43to carving his own ruthless foothold in Manhattan's cutthroat world easy for Trump.
15:51Don't miss Donald Trump Chapter 2 to know.
Be the first to comment