Soon after it opened the casino was renamed 'Trump Plaza', but the property's poor financial results worsened tensions between Holiday and Trump, who paid Holiday $70 million in May 1986 to take sole control of the property. Earlier, Trump had also acquired a partially completed building in Atlantic City from the Hilton Corporation for $320 million. Trump's then-wife Ivana managed it until 1988. Trump is the wealthiest president in U.S. history, even after adjusting for inflation, and the oldest person to take office as president. He is also the first president who did not serve in the military or hold elective or appointed government office prior to being elected. Of the 43 previous presidents, 38 had held prior elective office, two had not held elective office but had served in the Cabinet, and three had never held public office but had been commanding generals.