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90-525: MSCI are the acronym of Morgan Stanley Capital International. The company is headquartered at 7 World Trade Center in Manhattan, New York City , U.S. Its business primarily consists of licensing its indices to index funds ( ETF ), which pay a fee of around 0.02 to 0.04 percent of the invested volume for the use of the index. As of 2023, funds worth over 13 trillion US$ were based on MSCI indices. In 1968, Capital International published indices covering

180-601: A bachelor's degree in economics from the University of Pennsylvania in 1968. After becoming president of the family real estate business in 1971, he renamed it the Trump Organization . Trump launched side ventures following a series of bankruptcies in the 1990s, mostly by licensing the Trump name. From 2004 to 2015, he produced and hosted the reality television series The Apprentice . In 2015, Trump launched

270-703: A $ 100 million mortgage on Trump Tower (refinanced in 2022) and the liquidation of over $ 200 million in stocks and bonds. He personally guaranteed $ 421 million in debt, most of which is due by 2024. As of October 2021 , Trump had over $ 1.3 billion in debts, much of which was secured by his assets. In 2020, he owed $ 640 million to banks and trust organizations, including Bank of China , Deutsche Bank , and UBS , and approximately $ 450 million to unknown creditors. The value of his assets exceeds his debt. Trump has produced 19 books under his name. At least some of them have been written or co-written by ghostwriters . His first book, The Art of

360-744: A $ 70 million bank construction loan. The hotel reopened in 1980 as the Grand Hyatt Hotel , and that same year, he obtained rights to develop Trump Tower , a mixed-use skyscraper in Midtown Manhattan. The building houses the headquarters of the Trump Corporation and Trump's PAC and was his primary residence until 2019. In 1988, Trump acquired the Plaza Hotel with a loan from a consortium of sixteen banks. The hotel filed for bankruptcy protection in 1992, and

450-466: A 20 percent share, formed All County Building Supply & Maintenance Corp. The company had no offices and is alleged to have been a shell company for paying the vendors providing services and supplies for Trump's rental units, then billing those services and supplies to Trump Management with markups of 20–50 percent and more. The owners shared the proceeds generated by the markups. The increased costs were used to get state approval for increasing

540-455: A Zurich-based climate change analytics company. In September 2021, MSCI acquired Real Capital Analytics. In August 2023, MSCI completed the acquisition of New Jersey –based private assets data provider, Burgiss Group for $ 697 million. In October 2021, MSCI and Cboe Global Markets signed a licensing agreement that would see MSCI grow its options product suite and allow them to work on other projects as well. In April 2022, MSCI entered into

630-633: A collaboration with MarketAxess to incorporate MSCI's environmental, social, and governance (ESG) data and MarketAxess' pricing and liquidity indicators into fixed income indices in order to construct portfolios based on this data. The MSCI global equity indices have been calculated since 1969 and include MSCI World and MSCI EAFE. Initially, the company used eight factors in developing its indices: momentum, volatility, value, size, growth, size nonlinearity, liquidity, and financial leverage. In 2018 MSCI announced it would begin including mainland Chinese "A" shares in its MSCI Emerging Markets Index. Initially

720-735: A company that sold real estate seminars for up to $ 35,000. After New York State authorities notified the company that its use of "university" violated state law (as it was not an academic institution), its name was changed to the Trump Entrepreneur Initiative in 2010. In 2013, the State of New York filed a $ 40 million civil suit against Trump University, alleging that the company made false statements and defrauded consumers. Additionally, two class actions were filed in federal court against Trump and his companies. Internal documents revealed that employees were instructed to use

810-500: A design that uses ultra-clear, low-iron glass to provide reflectivity and light. There are stainless-steel spandrels behind the glass to help reflect sunlight. The spandrels are textured and are curved in a manner that reflects light both from each story's window sills and from the sky. On the lower stories, there are 15-by-5-foot (4.6 by 1.5 m) panels with steel triangular prisms. There are 130,000 prisms in total, which are tilted at different angles to reflect natural light from

900-748: A free exhibit hosted by the World Trade Center Memorial Foundation , on the 45th floor of 7 World Trade Center. The exhibit consisted of 63 photographs that captured Americans' responses after the September 11 attacks. In September 2006, Moody's signed a 20-year lease for 15 floors at 7 World Trade Center; prior to Moody's lease, only eight floors had been occupied. Other tenants that had signed leases in 7 World Trade Center in its first two years included ABN AMRO , Ameriprise Financial Inc., DRW Trading Group , publisher Mansueto Ventures , and

990-412: A hard-sell approach, and former employees testified that Trump University had defrauded or lied to its students. Shortly after he won the 2016 presidential election, he agreed to pay a total of $ 25 million to settle the three cases. The Donald J. Trump Foundation was a private foundation established in 1988. From 1987 to 2006, Trump gave his foundation $ 5.4 million which had been spent by

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1080-402: A history of belittling women when speaking to the media and on social media. He made lewd comments, disparaged women's physical appearances, and referred to them using derogatory epithets. At least 25 women publicly accused him of sexual misconduct , including rape, kissing without consent, groping, looking under women's skirts, and walking in on naked teenage pageant contestants. He has denied

1170-600: A hotel and casino, with financing and management help from the Holiday Corporation . It was unprofitable, and he paid Holiday $ 70 million in May 1986 to take sole control. In 1985, he bought the unopened Atlantic City Hilton Hotel and renamed it Trump Castle . Both casinos filed for Chapter 11 bankruptcy protection in 1992. Trump bought a third Atlantic City venue in 1988, the Trump Taj Mahal . It

1260-650: A narrower footprint at ground level than did its predecessor, so the course of Greenwich Street could be restored to reunite TriBeCa and the Financial District . The original building, on the other hand, had bordered West Broadway on the east, necessitating the destruction of Greenwich Street between Barclay Street and the northern border of the World Trade Center superblock. David Childs of Skidmore, Owings and Merrill worked in conjunction with glass artist and designer James Carpenter to create

1350-547: A presidential campaign that led to the Trumpism movement. Trump won the 2016 presidential election . His election and policies sparked numerous protests . In his first term , he ordered a travel ban targeting Muslims and refugees, funded the Trump wall expanding the U.S.–Mexico border wall, and implemented a family separation policy at that border. He rolled back more than 100 environmental policies and regulations, signed

1440-482: A reorganization plan was approved a month later, with the banks taking control of the property. In 1995, he defaulted on over $ 3 billion of bank loans, and the lenders seized the Plaza Hotel along with most of his other properties in a "vast and humiliating restructuring" that allowed him to avoid personal bankruptcy. The lead bank's attorney said of the banks' decision that they "all agreed that he'd be better alive than dead". In 1996, Trump acquired and renovated

1530-474: A review of state and federal court files conducted by USA Today in 2018, Trump and his businesses had been involved in more than 4,000 state and federal legal actions. While he has not filed for personal bankruptcy , his over-leveraged hotel and casino businesses in Atlantic City and New York filed for Chapter 11 bankruptcy protection six times between 1991 and 2009. They continued to operate while

1620-419: A white woman in the 1989 Central Park jogger case , even after they were exonerated in 2002 when the actual rapist confessed and his DNA matched the evidence. In October 2024, the men sued Trump for defamation after he said in a televised September debate that they had committed the crime and killed the woman. In 2011, when he was reportedly considering a presidential run, Trump became the leading proponent of

1710-542: Is built on a smaller footprint than the original; a small park across Greenwich Street occupies space that was part of the original building's footprint. The current building's design emphasizes safety, with a reinforced concrete core, wider stairways, and thicker fireproofing on steel columns. It also incorporates numerous green design features. The building received the U.S. Green Building Council's Leadership in Energy and Environmental Design (LEED) Gold certification and

1800-526: Is depleted by exercise. In 2015, his campaign released a letter from his longtime personal physician, Harold Bornstein , stating that he would "be the healthiest individual ever elected to the presidency". In 2018, Bornstein said Trump had dictated the contents of the letter and that three of Trump's agents had seized his medical records in a February 2017 raid on Bornstein’s office. Many of Trump's comments and actions have been described as racist . In national polling, about half of respondents said that he

1890-440: Is racist; a greater proportion believed that he emboldened racists. Several studies and surveys found that racist attitudes fueled his political ascent and were more important than economic factors in determining the allegiance of Trump voters. Racist and Islamophobic attitudes are a powerful indicator of support for Trump. He has also been accused of racism for insisting a group of black and Latino teenagers were guilty of raping

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1980-651: The Trump Princess , which had been leased to his casinos and kept docked; and other businesses. In 1995, Trump founded Trump Hotels & Casino Resorts (THCR), which assumed ownership of the Trump Plaza. THCR purchased the Taj Mahal and the Trump Castle in 1996 and went bankrupt in 2004 and 2009, leaving him with 10 percent ownership. He remained chairman until 2009. In 1985, Trump acquired

2070-631: The College Board with legal action if they released his academic records. In 1977, Trump married the Czech model Ivana Zelníčková . They had three children: Donald Jr. (1977–), Ivanka (1981–), and Eric (1984–). The couple divorced in 1990, following his affair with the actress Marla Maples . He and Maples married in 1993 and divorced in 1999. They have one daughter, Tiffany (1993–), whom Maples raised in California. In 2005, he married

2160-537: The Eastern Air Lines Shuttle , financing the purchase with $ 380 million (equivalent to $ 979 million in 2023) in loans from a syndicate of 22 banks. He renamed the airline Trump Shuttle and operated it until 1992. He defaulted on his loans in 1991, and ownership passed to the banks. In 1992, Trump, his siblings Maryanne , Elizabeth, and Robert , and his cousin John W. Walter, each with

2250-568: The Mar-a-Lago estate in Palm Beach, Florida. In 1995, he converted the estate into a private club with an initiation fee and annual dues. He continued to use a wing of the house as a private residence. He declared the club his primary residence in 2019. The Trump Organization began building and buying golf courses in 1999. It owns fourteen and manages another three Trump-branded courses worldwide. The Trump Organization has licensed

2340-773: The New Jersey Generals , a team in the United States Football League . After the 1985 season, the league folded, largely due to his attempt to move to a fall schedule (when it would have competed with the NFL for audience) and trying to force a merger with the NFL by bringing an antitrust suit. Trump and his Plaza Hotel hosted several boxing matches at the Atlantic City Convention Hall . In 1989 and 1990, he lent his name to

2430-613: The New York Academy of Sciences . Silverstein Properties also had offices and the Silver Suites executive office suites at 7 World Trade Center. Architectural and engineering firms working on 1 World Trade Center , 150 Greenwich Street , 175 Greenwich Street , and 200 Greenwich Street also set up offices in the building. Two-thirds of the building's office space had been leased by April 2007. After ABN AMRO

2520-749: The New York State Department of Taxation and Finance started an investigation. His investments underperformed the stock and New York property markets. Forbes estimated in October 2018 that his net worth declined from $ 4.5 billion in 2015 to $ 3.1 billion in 2017 and his product-licensing income from $ 23 million to $ 3 million. Trump's tax returns from 1985 to 1994 show net losses totaling $ 1.17 billion. The losses were higher than those of almost every other American taxpayer. The losses in 1990 and 1991, more than $ 250 million each year, were more than double those of

2610-709: The Plaza Hotel in Manhattan, the casinos in Atlantic City, New Jersey , and the Trump Hotels & Casino Resorts company. Trump attracted public attention in 1978 with the launch of his family's first Manhattan venture, the renovation of the derelict Commodore Hotel , adjacent to Grand Central Terminal. The financing was facilitated by a $ 400 million city property tax abatement arranged for him by his father who also, jointly with Hyatt , guaranteed

2700-492: The Reform Party , in 1999; a Democrat in 2001; a Republican in 2009; unaffiliated in 2011; and a Republican in 2012. In 1987, Trump placed full-page advertisements in three major newspapers, expressing his views on foreign policy and how to eliminate the federal budget deficit. In 1988, he approached Lee Atwater , asking to be put into consideration to be Republican nominee George H. W. Bush 's running mate. Bush found

2790-705: The Tax Cuts and Jobs Act of 2017, and appointed three justices to the Supreme Court. He initiated a trade war with China, withdrew the U.S. from several international agreements, and met with North Korean leader Kim Jong Un without progress on denuclearization. In response to the COVID-19 pandemic , Trump signed the CARES Act on March 27, 2020. He was impeached in 2019 for abuse of power and obstruction of Congress, and in 2021 for incitement of insurrection;

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2880-744: The Tour de Trump cycling stage race, an attempt to create an American equivalent of European races such as the Tour de France or the Giro d'Italia . From 1986 to 1988, Trump purchased significant blocks of shares in various public companies while suggesting that he intended to take over the company and then sold his shares for a profit, leading some observers to think he was engaged in greenmail . The New York Times found that he initially made millions of dollars in such stock transactions, but "lost most, if not all, of those gains after investors stopped taking his takeover talk seriously". In 1988, Trump purchased

2970-698: The United States House Select Committee on Strategic Competition between the United States and the Chinese Communist Party announced an investigation into MSCI's investments in China. The committee concluded that MSCI channeled $ 3.7 billion into blacklisted entities in 2023. 7 World Trade Center 7 World Trade Center ( 7 WTC , WTC-7 , or Tower 7 ) is an office building constructed as part of

3060-486: The 1982, 1983, and 1984 rankings. Trump has often said he began his career with "a small loan of a million dollars" from his father and that he had to pay it back with interest. He was a millionaire by age eight, borrowed at least $ 60 million from his father, largely failed to repay those loans, and received another $ 413 million (2018 dollars adjusted for inflation) from his father's company. In 2018, he and his family were reported to have committed tax fraud, and

3150-475: The 2020 election and his handling of classified documents , which were dismissed following his reelection in 2024. Trump was born on June 14, 1946, at Jamaica Hospital in Queens , New York City, the fourth child of Fred Trump and Mary Anne MacLeod Trump . He is of German and Scottish descent. He grew up with his older siblings, Maryanne , Fred Jr. , and Elizabeth, and his younger brother, Robert , in

3240-589: The Deal (1987), was a New York Times Best Seller . While he was credited as co-author, the entire book was written by Tony Schwartz . According to The New Yorker , the book made Trump famous as an "emblem of the successful tycoon". Trump had cameos in many films and television shows from 1985 to 2001. Starting in the 1990s, Trump was a guest about 24 times on the nationally syndicated Howard Stern Show . He had his own short-form talk radio program called Trumped! from 2004 to 2008. From 2011 until 2015, he

3330-638: The MSCI All Country World Index fund. In December 2020, MSCI announced that it would strip its indices of seven Chinese companies in response to Executive Order 13959 . Although the A share full inclusion plan was noted by investors years ago, it still has not been realized as of 2024. In November 2022, a study by Sheffield Hallam University and Hong Kong Watch identified three major stock indices provided by MSCI that include at least 13 companies allegedly involved in forced labor and mass surveillance of Uyghurs . In August 2023,

3420-520: The New York attorney general determined the foundation to be in violation of state law, for soliciting donations without submitting to required annual external audits, and ordered it to cease its fundraising activities in New York immediately. Trump's team announced in December 2016 that the foundation would be dissolved. In June 2018, the New York attorney general's office filed a civil suit against

3510-555: The Senate acquitted him in both cases. Trump's politics and rhetoric led to the creation of Trumpism . Many of his comments and actions have been characterized as racially charged, racist, and misogynistic. He promoted conspiracy theories and made many false and misleading statements during his campaigns and presidency, to a degree unprecedented in American politics. After his first term, scholars and historians ranked him as one of

3600-477: The Slovenian model Melania Knauss . They have one son, Barron (2006–). Trump says he has never drunk alcohol, smoked cigarettes, or used drugs. He sleeps about four or five hours a night. He has called golfing his "primary form of exercise", but usually does not walk the course. He considers exercise a waste of energy because he believes the body is "like a battery, with a finite amount of energy", which

3690-427: The Trump name for consumer products and services, including foodstuffs, apparel, learning courses, and home furnishings. According to The Washington Post , there are more than 50 licensing or management deals involving his name, and they have generated at least $ 59 million in revenue for his companies. By 2018, only two consumer goods companies continued to license his name. In September 1983, Trump purchased

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3780-488: The U.S. national security. In February 2019, The Wall Street Journal reported the decision was the result of pressure from the Chinese government according to people familiar with the matter. The New York Times reported that "The Chinese government long sought MSCI inclusion because it could help establish Shanghai and Shenzhen as global financial centers." MSCI chief executive and chairman Henry Fernandez stated there

3870-399: The allegations. In October 2016, a 2005 " hot mic " recording surfaced in which Trump bragged about kissing and groping women without their consent, saying that "when you're a star, they let you do it. You can do anything. ... Grab 'em by the pussy ." The incident's widespread media exposure led to Trump's first public apology during his 2016 presidential campaign and caused outrage across

3960-446: The bank WestLB . Following this, Silverstein announced in 2012 that he would refinance the building with a $ 452.8 million Liberty bond issue and a $ 125 million commercial mortgage-backed security loan. At the time, the building was valued at $ 940 million, in large part because it was fully occupied. FXDD subleased its space to engineering company Permasteelisa in 2015 and artificial intelligence firm IPsoft in 2016. The building

4050-477: The banks restructured debt and reduced his shares in the properties. During the 1980s, more than 70 banks had lent Trump $ 4 billion. After his corporate bankruptcies of the early 1990s, most major banks, with the exception of Deutsche Bank, declined to lend to him. After the January ;6 Capitol attack , the bank decided not to do business with him or his company in the future. In 1982, Trump made

4140-457: The building consists of recycled steel. Rainwater is collected and used for irrigation of the park and to cool the building. Along with other sustainable design features, the building is designed to allow in plenty of natural light, power is metered to tenants to encourage them to conserve energy, the heating steam is reused to generate some power for the building, and recycled materials are used for insulation and interior materials. The building

4230-535: The building was 97 percent occupied. Shortly afterward, Silverstein Properties refinanced the property with a $ 458 million loan from Goldman Sachs . The new 7 World Trade Center has 52 stories and is 741 ft (226 m) tall. The building has 42 floors of leasable space, starting at the 11th floor, and a total of 1.7 million sq ft (160,000 m ) of office space. The first ten floors house an electrical substation which provides power to much of Lower Manhattan. The office tower has

4320-406: The building's base. To enclose the power substation and improve its aesthetics, the base of the building has a curtain wall with stainless steel louvers that provide ventilation for the machinery. The transformers each weigh 168 short tons (150 long tons; 152 t) and are 20 feet (6.1 m) tall. There are also radiators with vertical cooling blades facing the street, which in turn cool down

4410-801: The building's design to attract tenants, he wanted occupants to pay $ 50/sq ft ($ 540/m ) to lease space by 2005, which New York magazine called "easily the highest price in lower Manhattan". Construction was completed in 2006 at a cost of $ 700 million. Though Silverstein received $ 861 million from insurance on the old building, he owed more than $ 400 million on its mortgage. Costs to rebuild were covered by $ 475 million in Liberty Bonds , which provide tax-exempt financing to help stimulate rebuilding in Lower Manhattan and insurance money that remained after other expenses. A 15,000 sq ft (1,400 m ) triangular park

4500-535: The collapsing 110-story Twin Towers destroyed or severely damaged nearby buildings, including 7 World Trade Center , which collapsed shortly thereafter. The construction phase of the new 7 World Trade Center began on May 7, 2002, with the installation of a fence around the construction site. Restoring the Consolidated Edison substation was an urgent priority to meet power demands of Lower Manhattan;

4590-558: The domestic Chinese companies received a 5% weighting in the index. MSCI is the last major index provider to include the companies, but some investors have questioned the risk as many Chinese listed companies refuse to permit the Public Company Accounting Oversight Board to inspect their financial records. The action of including Chinese stocks into MSCI EM Index also received criticism and questions from Senator Marco Rubio and some others regarding

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4680-539: The end of 2006. After donating a total of $ 65,000 in 2007–2008, he stopped donating any personal funds to the charity, which received millions from other donors, including $ 5 million from Vince McMahon . The foundation gave to health- and sports-related charities, conservative groups, and charities that held events at Trump properties. In 2016, The Washington Post reported that the charity committed several potential legal and ethical violations, including alleged self-dealing and possible tax evasion . Also in 2016,

4770-409: The foundation, Trump, and his adult children, seeking $ 2.8 million in restitution and additional penalties. In December 2018, the foundation ceased operation and disbursed its assets to other charities. In November 2019, a New York state judge ordered Trump to pay $ 2 million to a group of charities for misusing the foundation's funds, in part to finance his presidential campaign. Roy Cohn

4860-723: The global stock market for non-U.S. markets. In 1986, Morgan Stanley licensed the rights to the indices from Capital International and branded the indices as the Morgan Stanley Capital International (MSCI) indices. By the 1980s, the MSCI indices were the primary benchmark indices outside of the U.S. before being joined by FTSE , Citibank , and Standard & Poor's . After Dow Jones started float weighting its index funds, MSCI followed. In 2004, MSCI acquired Barra, Inc., to form MSCI Barra. In mid-2007, parent company Morgan Stanley decided to divest MSCI. This

4950-768: The initial Forbes list of wealthy people for holding a share of his family's estimated $ 200 million net worth (equivalent to $ 631 million in 2023). His losses in the 1980s dropped him from the list between 1990 and 1995. After filing the mandatory financial disclosure report with the FEC in July 2015, he announced a net worth of about $ 10 billion. Records released by the FEC showed at least $ 1.4 billion in assets and $ 265 million in liabilities. Forbes estimated his net worth dropped by $ 1.4 billion between 2015 and 2018. In their 2024 billionaires ranking, his net worth

5040-638: The mostly vacant 71-story skyscraper at 40 Wall Street , later rebranded as the Trump Building. In the early 1990s, he won the right to develop a 70-acre (28 ha) tract in the Lincoln Square neighborhood near the Hudson River. Struggling with debt from other ventures in 1994, he sold most of his interest in the project to Asian investors, who financed the project's completion, Riverside South . Trump's last major construction project

5130-605: The nearest taxpayers. In 1995, his reported losses were $ 915.7 million (equivalent to $ 1.83 billion in 2023). In 2020, The New York Times obtained Trump's tax information extending over two decades. Its reporters found that he reported losses of hundreds of millions of dollars. Since 2010 he had also failed to pay back $ 287 million in loans. During the 15 years prior to 2020, using tax credits for business losses, he paid no income taxes in 10 of those years and $ 750 each in 2016 and 2017. He balanced his businesses' losses by selling and borrowing against assets, including

5220-565: The new World Trade Center in Lower Manhattan , New York City . The tower is located on a city block bounded by Greenwich, Vesey , Washington , and Barclay Streets on the east, south, west, and north, respectively. 7 World Trade Center was developed by Larry Silverstein , who holds a ground lease for the site from the Port Authority of New York and New Jersey , and designed by Skidmore, Owings & Merrill . The building

5310-417: The office tower itself. An unusual approach was used in constructing the building; erecting the steel frame before adding the concrete core. This approach allowed the construction schedule to be shortened by a few months. By July 2005, American Express Financial Advisors was planning to lease 20,000 square feet (1,900 m ) of space, making it the building's first tenant. Although Silverstein intended for

5400-493: The original building to permit faster egress. Donald Trump Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who served as the 45th president of the United States from 2017 to 2021. He won the 2024 presidential election as the nominee of the Republican Party and will be inaugurated as the 47th president on January 20, 2025. Trump graduated with

5490-728: The political spectrum. Starting in 1968, Trump was employed at his father's real estate company, Trump Management, which owned racially segregated middle-class rental housing in New York City's outer boroughs. In 1971, his father made him president of the company and he began using the Trump Organization as an umbrella brand . In 1975, Trump settled a 1973 Department of Justice civil rights lawsuit alleging housing discrimination against black renters by consenting to desegregate. Between 1991 and 2009, he filed for Chapter 11 bankruptcy protection for six of his businesses:

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5580-523: The racist "birther" conspiracy theory , alleging that Barack Obama, the first black U.S. president, was not born in the U.S. In April, he claimed credit for pressuring the White House to publish the "long-form" birth certificate, which he considered fraudulent, and later said this made him "very popular". In September 2016, amid pressure, he acknowledged that Obama was born in the U.S. In 2017, he reportedly expressed birther views privately. Trump has

5670-529: The related licensing agreements, they earned him more than $ 400 million. In February 2021, Trump, who had been a member of SAG-AFTRA since 1989, resigned to avoid a disciplinary hearing regarding the January ;6 attack. Two days later, the union permanently barred him. Trump registered as a Republican in 1987; a member of the Independence Party , the New York state affiliate of

5760-632: The rents of his rent-stabilized units. From 1996 to 2015, Trump owned all or part of the Miss Universe pageants, including Miss USA and Miss Teen USA . Due to disagreements with CBS about scheduling, he took both pageants to NBC in 2002. In 2007, he received a star on the Hollywood Walk of Fame for his work as producer of Miss Universe. NBC and Univision dropped the pageants in June 2015. In 2004, Trump co-founded Trump University ,

5850-688: The request "strange and unbelievable". Trump was a candidate in the 2000 Reform Party presidential primaries for three months, but withdrew from the race in February 2000. In 2011, Trump speculated about running against President Barack Obama in the 2012 election , making his first speaking appearance at the Conservative Political Action Conference (CPAC) in February and giving speeches in early primary states. In May, he announced he would not run. His presidential ambitions were generally not taken seriously at

5940-456: The selected floor; the elevator cabs do not contain buttons. The elevator system is integrated with the lobby key-card system, which can identify the floor on which an employee works, then automatically call an elevator for that floor. WSP Cantor Seinuk served as structural engineer on the project, while Jaros, Baum & Bolles was the MEP engineer. Nearly 30 percent of structural steel used in

6030-530: The sky. The window panes on the upper floors are 13.6 feet (4.1 m) high and are made of white glass with low concentrations of iron. Stainless steel used in the facade is molybdenum -containing Type 316, which provides improved resistance to corrosion. The new 7 World Trade Center was built above the Con Edison substation. When the current building was constructed, the transformer vaults were rearranged into an 80-foot-tall (24 m) shell at

6120-583: The street. The curtain wall around the lobby uses heavily laminated, heat-strengthened glass that meets high standards for blast resistance. At night, a large cube of light above the lobby also emanates blue light, while during the day it provides white light to the lobby, and at dusk, it transitions to violet and back to blue. Inside the main lobby, artist Jenny Holzer created an LED installation with glowing text moving across wide plastic panels. The wall measures 65 ft (20 m) wide and 14 ft (4.3 m) tall. Holzer worked with Klara Silverstein,

6210-494: The transformers. There is a cable-net glass wall on the eastern elevation of the facade, just above the Greenwich Street entrance. This cable-net wall measures 50 by 110 feet (15 by 34 m) across. During the day, the curtain wall reflects light, while at night it is illuminated by blue and white LED lights. The curtain wall has 220,000 LEDs; at night, the prisms on the facade reflect light from each LED onto

6300-468: The utility stated that it needed to replace four of the ten destroyed transformers by 2003. Because 7 World Trade Center is separate from the main 16-acre (6.5 ha) World Trade Center site , Larry Silverstein required approval only from the landowner, the Port Authority , before he could rebuild the tower. Construction of the power substation was completed in October 2003, and the substation went into service in May 2004. Work next proceeded on

6390-545: The wealthy Jamaica Estates neighborhood of Queens. He attended the private Kew-Forest School through seventh grade and New York Military Academy , a private boarding school, from eighth through twelfth grade. In 1964, Trump enrolled at Fordham University . Two years later, he transferred to the Wharton School of the University of Pennsylvania , graduating in May 1968 with a Bachelor of Science in economics. In 2015, he threatened his high school, colleges, and

6480-466: The wife of Larry Silverstein, to select poetry for the art installation. The wall of the lobby is structurally fortified as a security measure. On the upper stories, some tenants customized the design of their spaces. The space occupied by Mansueto Ventures was designed to maximize natural light exposure and has an open floor plan. The 40th-floor space used by the New York Academy of Sciences

6570-450: The worst presidents in American history. He lost the 2020 presidential election , but did not concede, falsely claiming widespread electoral fraud and attempting to overturn the results , including his involvement in the January 6 Capitol attack . In 2024, he was found guilty of falsifying business records , making him the first U.S. president to be convicted of a felony. He faced more felony indictments related to his interference in

6660-520: Was "zero politics" behind the decision. In March 2019, CNBC reported that MSCI have a future plan of inclusion based on market capitalization of mainland Chinese shares in its global benchmarks, which will eventually lead to ca. 40% weights of its global emerging markets index. In April 2020, it was reported that Donald Trump was considering an executive action to prohibit the Thrift Savings Plan from transferring $ 50 billion to mirror

6750-416: Was 10 percent leased by August 2006. Several of the unoccupied upper floors were used for events such as charity lunches, fashion shows, and black-tie galas. Silverstein Properties allowed space in the new building to be used for these events as a means to draw people to see the building. From September 8 to October 7, 2006, the work of photographer Jonathan Hyman was displayed in "An American Landscape",

6840-639: Was 94.8 percent occupied by 2017. By then, roughly three-quarters of the space was occupied by four tenants, including Moody's , the Royal Bank of Scotland, and WilmerHale. Wedding planning company Zola and the building's own architecture firm Skidmore, Owings & Merrill both leased space at 7 WTC in early 2019. This was followed in July 2019 by luxury drink brand Moët Hennessy and media company AccuWeather . After Mansueto Ventures and three other firms leased space at 7 WTC in April 2022,

6930-415: Was Trump's fixer , lawyer, and mentor for 13 years in the 1970s and 1980s. According to Trump, Cohn sometimes waived fees due to their friendship. In 1973, Cohn helped Trump countersue the U.S. government for $ 100 million (equivalent to $ 686 million in 2023) over its charges that Trump's properties had racial discriminatory practices. Trump's counterclaims were dismissed, and the government's case

7020-479: Was a guest commentator on Fox & Friends . From 2004 to 2015, Trump was co-producer and host of reality shows The Apprentice and The Celebrity Apprentice . On the shows, he was a superrich and successful chief executive who eliminated contestants with the catchphrase "you're fired". The New York Times called his portrayal a "highly flattering, highly fictionalized version of Mr. Trump". The shows remade his image for millions of viewers nationwide. With

7110-495: Was acquired by the Royal Bank of Scotland , forex services provider FXDD subleased some of the Royal Bank of Scotland's space in 2009. The law firm WilmerHale signed 200,000 square feet (19,000 m ) at the building in April 2011. The building became fully leased that September after MSCI agreed to occupy 125,000 square feet (11,600 m ) on the top floor; other tenants at the time included FXDD, WilmerHale, and

7200-465: Was constructed to replace the original structure on the site , part of the original World Trade Center . The previous structure, completed in 1987, was destroyed in the September 11 attacks in 2001. Construction of the new 7 World Trade Center began in 2002 and was completed on May 23, 2006. The building is 52 stories tall (plus one underground floor), making it the 64th-tallest in New York . It

7290-448: Was created between the extended Greenwich Street and West Broadway by David Childs with Ken Smith and his colleague, Annie Weinmayr, of Ken Smith Landscape Architect. The park comprises an open central plaza with a fountain and flanking groves of sweetgum trees and boxwood shrubs. At the center of the fountain, sculptor Jeff Koons created a 9-foot-tall (2.7 m) stainless steel sculpture called Balloon Flower (Red) . The building

7380-430: Was designed by H3 Hardy Collaboration Architecture and includes a reception lobby with an openwork screen; a 296-seat event room; and a horizontal 72-foot-long (22 m) mural. 7 World Trade Center is equipped with Otis destination elevators to reduce dwell times and travel times. After pressing their destination floor number on a keypad in the lobby, passengers are directed to specific elevators that will stop at

7470-596: Was estimated to be $ 2.3 billion (1,438th in the world). In 2018, journalist Jonathan Greenberg reported that Trump had called him in 1984 pretending to be a fictional Trump Organization official named " John Barron ". Greenberg said that, to get a higher ranking on the Forbes 400 list of wealthy Americans, Trump, speaking as "Barron", falsely asserted that Donald Trump owned more than 90 percent of his father's business. Greenberg also wrote that Forbes had vastly overestimated Trump's wealth and wrongly included him on

7560-466: Was financed with $ 675 million in junk bonds and completed for $ 1.1 billion, opening in April 1990. He filed for Chapter 11 bankruptcy protection in 1991. Under the provisions of the restructuring agreement, he gave up half his initial stake and personally guaranteed future performance. To reduce his $ 900 million of personal debt, he sold the Trump Shuttle airline; his megayacht,

7650-651: Was followed by an initial public offering of a minority of stock in November 2007. The divestment was completed in 2009. The company is headquartered in New York City. Some companies in MSCI's peer group include Glass Lewis , Factset , Sovereign Wealth Fund Institute , and S&P . In 2010 MSCI acquired RiskMetrics Group, Inc. and Measurisk. In 2012 MSCI acquired Investment Property Databank. In 2013, MSCI acquired Investor Force from ICG Group (formerly Internet Capital Group ). In August 2014, MSCI acquired GMI Ratings. In October 2019, MSCI acquired Carbon Delta,

7740-513: Was officially opened on May 23, 2006. The opening was marked by a free concert featuring Suzanne Vega , Citizen Cope , Bill Ware Vibes, Brazilian Girls , Ollabelle , Pharaoh's Daughter , Ronan Tynan (of the Irish Tenors ), and special guest Lou Reed . Prior to its opening, in March 2006, the new building was used as a filming location for the movie Perfect Stranger . The building

7830-422: Was part of the council's pilot program for Leadership in Energy and Environmental Design – Core and Shell Development (LEED-CS). The original 7 World Trade Center was a 47-story skyscraper with a red granite facade. It opened in 1987 as part of the original World Trade Center building complex. The September 11, 2001, terrorist attacks caused the collapse of the World Trade Center ; falling debris from

7920-452: Was promoted as one of the safest skyscrapers in the U.S. upon its completion According to Silverstein Properties, it "incorporate[s] a host of life-safety enhancements that will become the prototype for new high-rise construction." The building has 2-foot-thick (0.61 m) reinforced-concrete and fireproofed elevator and stairway access shafts. The original building used only drywall to line these shafts. The stairways are wider than in

8010-535: Was settled with the Trumps signing a consent decree agreeing to desegregate. In 1975, an agreement was struck requiring Trump's properties to furnish the New York Urban League with a list of all apartment vacancies, every week for two years, among other things. Cohn introduced political consultant Roger Stone to Trump, who enlisted Stone's services to deal with the federal government. According to

8100-590: Was the 92-story mixed-use Trump International Hotel and Tower (Chicago) which opened in 2008. In 2024, the New York Times and ProPublica reported that the Internal Revenue Service was investigating whether he had twice written off losses incurred through construction cost overruns and lagging sales of residential units in the building he had declared to be worthless on his 2008 tax return. In 1984, Trump opened Harrah's at Trump Plaza ,

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