In 1971, he moved to Studio apartment in Manhattan, New York and became involved with larger building projects. In the following year, he finalized first multi-million dollar real estate transaction with the sale of Swifton village in Cincinnati, Ohio.
In 1985, he bought Mar-a-lago estate in Palm beach, Florida and renovated the Barbizon hotel and 100 Central Park South.
In 1988, he bought the Plaza Hotel in New York City.
In 1989, he bought a fleet of Boeing 727 airplanes to form Trump air shuttle service. Unfortunately a helicopter crash killed three Trump casino executives which lead to big issue.
By 1989, poor business decisions left him unable to meet loan payments but he somehow financed the construction of his third casino, the $1 million Taj Mahal, with high-interest junk bonds. The increasing debt soon brought him to business bankruptcy.
In 1990, he regained his previous stable financial position and fame and opened the Trump Taj Mahal casino in Atlantic City. Soon he gained approval for Riverside south development of West Side rail yards.
In 1996, he got the ownership of Miss Universe Organization which produces the Miss Universe, Miss USA, and Miss Tean USA pageants.
In 2003, he became joint partner with the National Broadcasting Company (NBC) where he became the executive producer and host of the NBC reality show, ‘The Apprentice’ which became a huge success. Following its success, he co-produced a show, ‘The Celebrity Apprentice’ along with British TV producer Mark Burnett.
On October 21, 2004, Trump Hotels and Casino & Resorts declared a restructuring of its debt which led to a reduction in his individual ownership from 56 percent to 27 percent. The company applied for Chapter 11 Protection in November and soon the company re-emerged from bankruptcy as ‘Trump Entertainment Resorts Holdings’.
Cornelius Vanderbilt died on January 4, 1877, at his home in New York, U
In 1870, he consolidated two of his key lines into the New York Central and Hudson River Railroad, one of the first giant corporations in the history of America
In 1869, he tied the knot with Frances Armstrong Crawford, a distant cousin from Alabama who was 45 years younger than him
They had 13 children and the couple remained together until the death of Sophia in 1868
In 1867, Vanderbilt acquired the Central Railroad and merged it with the other railroads he held
After getting hold of the Long Island Railroad, he acquired a controlling interest in the Hudson River railway in 1864 and the following year, became its president
In the 1860s, Vanderbilt seized another business opportunity and shifted his focus from shipping to the railroad industry, which was entering a period of great expansion in the United States
In 1859, he established the Atlantic & Pacific Steamship Company
Eventually, his business controlled most of the Hudson River traffic and by the mid-1840s, Vanderbilt was operating with a fleet of over 100 steamboats
In the 1820s, Vanderbilt started his own company, building steamships and operating ferry lines around the New York region
Upon spotting the emergence of steam vessels in the sea transportation business, in 1817, Vanderbilt sold his sailing vessels and started working, as a steamboat captain, in partnership with Thomas Gibbons, operating a ferry service from New Jersey to New York
Between 1814 and 1818, he expanded the business with additional boats for freight and passenger services in Long Island Sound, and in the coastal trade from New England to Charleston in South Carolina
In December 1813, Vanderbilt married Sophia Johnson, his first cousin
Subsequently, his business grew and during the War of 1812, he managed to acquire a government contract to provide supplies to forts along the Hudson River
Cornelius Vanderbilt was born on May 27, 1794, in Port Richmond, Staten Island, New York, to Cornelius van Derbilt, a seaman, and his wife, Phebe Hand