Mir. Rich Estate

Trump builds big and lavish

When asked the three rules for making money in real estate, most promoters answer with the hackneyed "Location, location, location." To that formula, Donald Trump, 37, adds timing and targeting. Trump has built a $1 billion empire in what he regards as the world's most important location: New York City. His company's umbrella covers hotels, condominiums, shopping centers and more than 25,000 apartments. He bought properties when prices were low and turned them into moneymakers by selling to the super rich.

Now Trump is going after another interest of some of those same people: gambling. Next month Trump...

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