Fred Trump was a well-known real estate developer who was the father of Donald Trump, the current President of the United States and also of Maryanne Trump Barry, U.S. Court of Appeals judge. Trump started his career as a teenager after the death of his father, Frederick. In 1927, he incorporated the E. Trump & Son. Here is a quick summary of Fred Trump’s net worth in 2018, career and earnings.
Frederick Christ Trump Sr. was born on October 11, 1905, in The Bronx, New York, to his parents Frederick Trump and Elizabeth Christ Trump.
He went to the Richmond Hill High School located in New York from 1928 until 1923.
In 1936, he got married to Mary Anne Macleod. They had five children named Maryanne Trump Barry, Frederick Christ “Freddy” Trump Jr., Elizabeth Trump Grau, Donald Trump, and Robert Trump. He remained married to his wife until his death.
Fred Trump died on June 25, 1999, after having pneumonia. He was 93 at the time of his death. He also had Alzheimer’s disease for 6 years. His funeral was held at Marble Collegiate Church. In August 2000, his widow Macleod died at the age of 88.
Fred Trump began his career as a carpenter and also used to take classes in the reading of blueprints. By 1926, he built almost 20 homes. At the age of 21, he became the head of ‘Elizabeth Trump & Son’, which was formed by his mother.
In the 1930s, he pioneered the concept of supermarkets in Woodhaven with his Trump Market. His advertisement for marketing called “Serve Yourself and Save!” became an instant hit. A year later, he sold the supermarket chain to King Kullen.
He built garden apartments and barracks of the United States Navy during the Second World War. In 1963, he built the Trump Village in Coney Island for an estimated $70 million. He built many large apartments in New York City and also used to operate them. He has also built low-income family apartments in Bensonhurst, Brighton Beach, Flushing, Flatbush, Sheepshead Bay, and Coney Island.
He built over 27,000 apartment complexes and his son Donald Trump joined his company in 1968 and became the president of the company in 1971. The company was later renamed to ‘The Trump Organisation’ in the year 1980. He gave a loan worth $1 million to his son in the 1970s.
Awards & Achievements
One of the biggest career achievements of Fred Trump is to lead his family business into a multi-million dollar empire successfully. He has built a number of apartments and also pioneered the concept of supermarkets.
Net Worth of Fred Trump
Fred Trump had an estimated net worth of $250 – $300 million at the time of his death in 1999. This wealth came from his career as a successful businessman. As a real-estate developer, he built thousands of homes and also found considerable success with his own company. He started his career at a very young age and passed on the business to his son. Today, his empire has been transformed into a billion-dollar empire by his son. Despite being a wealthy man, Trump was a frugal man.
Fred Trump is considered one of the most popular real-estate developers in the world. He was also a popular philanthropist. He was also active in the Salvation Army and has also donated a land in the construction of Beach Haven Jewish Center. It was believed that Fred Trump lied that he is a Swedish all his life. In his life, he has also been involved in various controversies. He was investigated by the US Senate Committee in 1954.