Updated October 25th, 2016
Donald Trump is an American business magnate, television personality, and the Republican candidate for President of the United States of America in the 2016 election. He is the Chairman of the Trump Organization, a US-based real-estate developer. According to some sources, Donald Trump has accumulated over $2.7 billion in wealth, primarily through real estate investments.
A Short Biography
Donald Trump was born to a successful businessman Fred Trump and his wife Mary. Fred was a self-made millionaire in real estate, based in New York City.
After his graduation from a military academy, Donald Trump thought about going to film school, but decided to follow in his father’s footsteps in the real estate business.
He experienced many successes in his early years as a real estate investor, and made several successful investments such as Grand Hyatt and the Wollman Rink.
However, the recession of 1989 led to Trump’s bankruptcy. Some of the casino investments he made were financed using junk bonds, and he landed himself millions of dollars in debt. Trump ended up making agreements with his creditors and worked out a plan to repay them. By 1994, he had repaid a significant portion of his debt.
1997 onward was Donald Trump’s comeback years. He continued building real estate throughout cities in the US and Canada, with varying success.
From 2004 to 2015, Trump hosted (and produced) a television show called The Apprentice, which became a long-running hit and earned him upwards of 1 million dollars an episode.
In March 2011, Forbes estimated Donald Trump’s net worth to be at about US$2.7 billion.
Donald Trump is currently the Republican nominee for the 2016 Presidential Election.
Leadership Lessons from Donald Trump
1. Think Big
Despite what you may think of him, Donald Trump’s ambition is unmistakable. He believes in making huge real estate investments because he sees the potential in them. Although Trump landed himself in debt by overextending his investments, he made an even stronger comeback. He became known throughout the business world for his comeback,; he went on to become a TV personality, and even the Republican nominee for President of the United States in 2016.
A good leader should always think big. As Goethe once said, “Dream no small dreams for they have no power to move the hearts of men”. If you wish to speak to people’s hearts, remember that you have to think big!
Donald Trump is passionate about many things: real estate, business and “making America great again”. He has often said it is energy that drives passion, and passion is what will make the impossible happen.
Passion should be your driving force as a leader. Where are you headed and does it make you excited to get up in the morning? A passionate leader inspires energy in his followers, giving them motivation to run an extra mile, stay the extra hour, and fight a little harder for the cause.
3. Bounce back
Although he went into bankruptcy, Donald Trump had the self-confidence to stand back up again. Where he is today personally and professionally (not to mention running for the presidency!) is a testament to his tenacity and ability to bounce back from failure.
As an entrepreneur or a leader, you will experience failure. When you’re constantly breaking new ground, the chance of failing is far higher than staying in your comfort zone. The important question is to not “how can I avoid failure?” but how to bounce back afterwards. Your ability to learn and recover from your failures defines you as a leader and sets you apart from the rest!
Books about Donald Trump
Who is Donald Trump? In our short bio above we really just skim the surface. This biography, written by Washington Post journalists paints a much more complete picture.
Another great biography on Trump, written by a pulitzer prize-winning journalist who reported on trump for three decades.
Trump’s most famous book covers his philosophies on business and life. Hear in his own words what made him a success.
In this book, Trump shares his personal secrets to success, including why momentum is so important; why he loves getting revenge; and why he puts so much value on contracts.
Even if you’ve been living under a rock, you’ve probably heard that Trump wants to “make America great again.” But what exactly does that mean, and how would he accomplish it? This book lays out his plan.
Quotes from Donald Trump
“Sometimes by losing a battle you find a new way to win the war.”
“I mean, there’s no arguing. There is no anything. There is no beating around the bush. “You’re fired” is a very strong term.”
“It’s tangible, it’s solid, it’s beautiful. It’s artistic, from my standpoint, and I just love real estate.”
“When somebody challenges you, fight back. Be brutal, be tough.”
“I try to learn from the past, but I plan for the future by focusing exclusively on the present. That’s were the fun is.”
“In the end, you’re measured not by how much you undertake but by what you finally accomplish.”
“Without passion you dont have energy, without energy you have nothing.”
“I wasn’t satisfied just to earn a good living. I was looking to make a statement.”
“Sometimes your best investments are the ones you don’t make.”
“The point is that you can’t be too greedy.”
“Money was never a big motivation for me, except as a way to keep score. The real excitement is playing the game.”
“I could never have imagined that firing 67 people on national television would actually make me more popular, especially with the younger generation.”
“Anyone who thinks my story is anywhere near over is sadly mistaken.”
“Experience taught me a few things. One is to listen to your gut, no matter how good something sounds on paper. The second is that you’re generally better off sticking with what you know. And the third is that sometimes your best investments are the ones you don’t make.”
“I don’t make deals for the money. I’ve got enough, much more than I’ll ever need. I do it to do it.”
“I have made the tough decisions, always with an eye toward the bottom line. Perhaps it’s time America was run like a business.”
“A little more moderation would be good. Of course, my life hasn’t exactly been one of moderation.”
“Part of being a winner is knowing when enough is enough. Sometimes you have to give up the fight and walk away, and move on to something that’s more productive.”
“Well, yes, I’ve fired a lot of people. Generally I like other people to fire, because it’s always a lousy task. But I have fired many people.”
“What separates the winners from the losers is how a person reacts to each new twist of fate.”
“I’m a bit of a P. T. Barnum. I make stars out of everyone.”
“If you’re interested in ‘balancing’ work and pleasure, stop trying to balance them. Instead make your work more pleasurable.”
“You have to think anyway, so why not think big?”
Donald Trump Leadership Video
Donald Trump talking about his book, Think like a Champion:
More Business Leader Profiles
For leadership profiles of other famous business leaders, including Steve Jobs, Oprah Winfrey, and Warren Buffett, check out our Business Leadership Profiles section.