Donald Trump, the son of Fred Trump, received a sizable inheritance.
Fred Trump gave a lot of support to his neighborhood and constructed several homes for people in need but lacking the means to do so. Fred, however, had a secret that he believed to be essential to his success. The Trump Organization, which today owns hotels, casinos, and golf resorts, was expanded by Donald and his son Eric, despite the widespread belief that he did not have to work particularly hard for what he had.
When Fred Trump began his real estate career, he focused on building middle-class homes.
Fred Trump’s parents were immigrants from Germany when he was born in 1905. Fred had to labor to support his family because his father passed away when he was just 11 years old, but he soon discovered that he loved construction and wanted to pursue a career in this field.
Fred built a garage for his neighbor when he was 16 years old, and he truly enjoyed the process. He later enrolled in construction classes and built his first single-family home in 1924. He constructed a number of homes in Queens during the ensuing years, but because he wasn’t yet 21 years old, his mother received the proceeds. According to Fred, he was paying roughly $7,500 at the time for a house.
Fred made the decision to start constructing garages and founded E. Trump & Son with his mother.
Fred didn’t forget to help his family, so he helped his brother, John, finish college and even get a Ph.D. at the Massachusetts Institute of Technology, but the two didn’t work together because they had different views on constructions.
With the start of World War II, Fred started constructing housing for the Navy. He started fabricating his background out of concern that his firm would suffer because his parents were German. He claimed that his ancestors were Swedish. Additionally, he denied speaking German and not passing on the language to his kids.
Donald Trump also continued this lie about the origin of his family. In his book, Donald stated that his grandfather came to America from Sweden, but in 1999 he admitted that he actually came from Germany.
In 1949 Fred built more and more houses and apartments, but in the 1960s things exploded.
By this time, Fred had already met Mary Anne MacLeod, the love of his life. Together, they gave birth to 5 kids. Fourth child was Donald Trump.
All of Fred’s kids were supposed to participate in the family company. Every summer, their father worked alongside Donald, Fred Jr., and Robert. Robert and Donald had a great deal of enthusiasm for and admiration for their father’s job.
Donald claimed in 1999 that his father served as his inspiration. Despite coming from a wealthy family, Fred instilled in his children the idea that life is difficult and avoided overspending by looking for ways to save expenditures whenever feasible.
It became increasingly obvious that Donald would look after his family’s legacy. Alongside his father, he labored, and as he started to take on more responsibility, he ventured into the Manhattan market. Fred resolved to offer Donald as much freedom as he could since he was inspired by Donald’s achievement.
Fred Trump managed to become one of the biggest and wealthiest post-war builders and Donald Trump took his father’s business to a new level.
In 1990, Fred’s health deteriorated after he was diagnosed with Alzheimer’s Disease and died on June 25, 1999.