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 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. In 1995, Trump lost the hotel to Citibank and investors from Singapore and Saudi Arabia, who assumed $300 million of the debt.In 1996, Trump acquired a vacant 71-story skyscraper at 40 Wall Street. After an extensive renovation, the high-rise was renamed the Trump Building. In the early 1990s, Trump won the right to develop a 70-acre (28 ha) tract in the Lincoln Square neighborhood near the Hudson River.