It was in 1990, however, that the real estate market declined, reducing the value of and income from Trump's empire; his own net worth plummeted from an estimated $1.7 billion to $500 million.
The Trump Organization required massive loans to keep it from collapsing, a situation that raised questions as to whether the corporation could survive bankruptcy. Some observers saw Trump's decline as symbolic of many of the business, economic, and social excesses from the 1980s.
Yet Trump climbed back and was reported to be worth close to $2 billion in 1997. Donald Trump's image was tarnished by the publicity surrounding his controversial separation and the later divorce from his wife, Ivana. But Trump married again, this time to Marla Maples, a fledgling actress.
The couple had a daughter two months before their marriage in 1993. He filed for a highly publicized divorce from Maples in 1997, which became final in June 1999.
On October 7, 1999, Trump announced the formation of an exploratory committee to inform his decision of whether or not he should seek the Reform Party's nomination for the presidential race of 2000, but backed out because of problems within the party.
A state appeals court ruled on August 3, 2000, that Trump had the right to finish an 856-foot-tall condominium on New York City's east side. The Coalition for Responsible Development had sued the city, charging it with violation of zoning laws by letting the building reach heights that towered over everything in the neighborhood. The city has since moved to revise its rules to prevent more of such projects. The failure of Trump's opponents to obtain an injunction (a court order to stop) allowed him to continue construction.
Source: Encyclopedia of word biography
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