Trump was born and raised in Queens, a borough of New York City, 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. His political positions have been described as populist, protectionist, and nationalist. Despite not being favored in most forecasts, he was elected over Democratic nominee Hillary Clinton, while still losing the popular vote.