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Real estate has always been a fertile area for entrepreneurship. Whereas the bursting of the 2000s housing bubble has slowed new construction and the house “flipping” that had become so popular by 2004–05, commercial development remains a vital sector and in the past has been the source of many fortunes.

Donald Trump

The grandson of Austrian immigrants and a native of New York, Donald Trump claims in his autobiography to have considered film school before turning to the real estate business, working for his father, real estate developer Fred Christ Trump, after college. Donald's first projects were in his father's specialty, middle-class rental housing in Staten Island, Brooklyn, and Queens. When he moved to Manhattan in 1971, three years after joining the company, he became interested in ...

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