Fred Trump is a descendant of immigrants who managed to realize the "American dream" by building a huge empire. But his main personal success, perhaps, is raising his son, who became the 45th president of the United States.
Biography
Frederick Christos Trump (Fred Trump) was born on October 11, 1905 in Woodhaven, Queens, New York, USA. His father, Friedrich Trump, arrived in America on October 7, 1885. He was a simple German hairdresser who, fleeing three years of compulsory military service, fled to the United States. America of those times with open arms received a young specialist.
During the Gold Rush, he managed to earn enough money to return later to his native village of Kalstadt. At that time he was 33 years old. Here he met Elizabeth Christ, whom he married on August 26, 1902.
Elizabeth was only 22 years old and, having arrived in America, she was terribly homesick. In 1904, the couple returned to Kalstadt. But the Bavarian authorities suspected Frederick of deliberately evading military service in the army. In 1905, a young family was forced to return to the United States. The couple had three children. Fred became the second child in the family, in addition to the eldest daughter Elizabeth and the youngest son John.
In 1918, during the flu epidemic, his father Friedrich Trump dies and Elizabeth takes over the welfare of the family. Being a business woman by nature, she decides to establish a real estate business. On the lands inherited after the death of her husband, she built houses, which she then sold. With the funds paid by the new owners to pay off mortgages, the family could afford a very decent life.
Fred was interested in his mother’s affairs. He was attracted to the construction business and when the boy was 15 years old, Elizabeth decided to found Elizabeth Trump & Son. When Fred Trump turned 22, she was officially registered. Elizabeth Trump remained with Fred until the end of her days, taking part in managing the family business.
The last years of his life, the businessman suffered from Alzheimer's disease. In June 1999, he contracted pneumonia. And on June 25, at the age of 93, he was gone. Frederick Trump is buried in the Lutheran cemetery in Middle Village with his wife and son (Fred Jr.).
Career
Parents of Fred Trump from an early age accustomed to work. As a 15-year-old teenager, he and his mother continued the work of his father. The result was a real estate company, Elizabeth Trump & Son. A few years after graduating from high school, he built his first house, which he later sold, making a significant profit.
In the early 1930s, Franklin Roosevelt pursued a policy of assisting workers in acquiring housing through housing subsidies. Fred Trump, who foresaw the growth in demand for real estate, directed his efforts to build single-family homes in the Queens area.
During the Great Depression, he again showed entrepreneurial inventiveness, opening a huge self-service store. The main idea was that by reducing the cost of customer service, a favorable price for goods was established for buyers. Of course, this idea attracted buyers and, subsequently, allowed Trump to sell the store at a very competitive price.
The ability to conduct business allowed him to be successful even during the Second World War. True, Trump had to slightly change the direction in construction. He began to build housing for navy employees. And with the end of the war, more solid houses for veterans were built.
In 1963, Fred Trump began construction of the Trump Village multi-family housing complex, consisting of seven buildings, located on Coney Island.
In 1968, one of his sons, Donald, joined Fred Trump. Three years later, it was he who took the place of the president of the company.
The ability of Frederick Trump to set goals and achieve them despite the difficulties encountered, together with entrepreneurial talent, allowed him to build a huge empire and, in general, achieve incredible success.
