Donald John Trump (born June 14, 1946) is the 45th and current president of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in the New York City borough of Queens, and received a bachelor's degree in economics from the Wharton School. He took charge of his family's real-estate business in 1971, renamed it The Trump Organization, and expanded its operations from Queens and Brooklyn into Manhattan.
The company built or renovated skyscrapers, hotels, casinos, and golf courses. Trump later started various side ventures, mostly by licensing his name. He owned the Miss Universe and Miss USA beauty pageants from 1996 to 2015, and produced and hosted The Apprentice, a reality television show, from 2003 to 2015. Forbes estimates his net worth to be $3.1 billion.
Endeavor-owned TKO Group Holdings, the company formed from the merger last year of the UFC and the WWE, reported a 29% rise in revenue in the second quarter.
Adjusted EBITDA, a gauge of profitability, increased 23% to $231.9 million. The revenue uptick to $394.4 million was mainly driven by a gain in media rights and content revenue, along with higher live events revenue thanks to an additional event occurring in the quarter.
Sponsorship proceeds also improved in the period. The company’s financials in the quarter ended June 30 are compared with pro-forma results from the WWE and UFC when they were separate entities.
In recent months, Endeavor has decided to go private after three years as a public company and let TKO, of which it owns 51%, be its sole publicly traded operation.
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