Donald Trump Grooms Kids for Success

On his new hit TV series Donald Trump is searching for the best apprentice, but in real life, he's already chosen a few.

Trump's hit series, The Apprentice, has contestants trying to impress "The Donald" while competing for a job in the Trump organization. That won't be necessary for his three oldest kids, who are eager to inherit the family legacy.

The organization is the result of high-risk business ventures that have paid off handsomely for the brash businessman, putting Trump on top of the real estate world — literally. His home is a multistory penthouse at the very top of the Manhattan skyline.

Trump admits while raising kids in the penthouse it was impossible to avoid turning them into a bunch of spoiled brats.

"There's no question about that," he told 20/20's Barbara Walters with a laugh. "But, you know, they're basically good kids … And they've done very well. I've never been embarrassed by my children."

Enjoy an Allowance and Don't Drink

Trump's three children with his first wife Ivana — who are now young adults — grew up in the palatial penthouse with marble floors, crystal chandeliers and views of three states until their parents divorced in 1990 and the children moved out. Trump also has a fourth daughter, 10-year-old Tiffany, from his 1993-1999 marriage to Marla Maples.

The three oldest children told Walters they're quite normal, despite their famed upbringing.

"It's a difficult thing to navigate, and over time you learn to accept it," said Ivanka, 22. "He's raised us with values and tries to keep us as grounded as possible."

"I put them on an allowance at all times," said Trump. "And their mother [Ivana] was strict with them and a good mother. But they were always put on a very heavy regiment of discipline."

The mogul's namesake, Donald Jr., 26 and a Trump employee, said he was spoiled culturally and educationally but not financially.

"It was always very limited. If we wanted anything we always had to work for it," said Donald Jr. "I remember even my friends in college always joking that I'd have to borrow money from them to do laundry."

Trump claims he has never had an alcoholic drink or a cigarette in his life, and encourages his kids to avoid alcohol and cigarettes. When people ask Ivanka why she never went to wild parties there's a simple explanation: "I think the difference is we wouldn't be allowed to. [It's] really as simple as that."

"It's not an option for us," agreed Donald Jr.

Preparing for Careers Named Trump

While other kids might dream of growing up to pursue their own interests, the Trump kids are eager to get into the family business and work for their dad.

"He's really a role model. I definitely want to follow in his footsteps," said Eric, 20, to the delight of his father.

The three oldest Trump children were raised for the job, growing up on construction sites and following up with a business education at the University of Pennsylvania's Wharton School.

Eric is a sophomore at Georgetown University with plans to also attend Wharton Business School, like his father and siblings.

Donald Jr., a Wharton graduate, is currently developing the organization's newest property in Manhattan — the prestigious Trump Park Avenue. Ivanka is now at Wharton with one year to go, following up her career as a high fashion model.

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