Tragedy vaulted him to control after a hijacked plane crashed into Alger's offices on the 93rd floor of the World Trade Center's north tower, killing Fred Alger's brother David, then in charge of the firm, along with most of the staff.
Construction is set to begin this winter on the 70-story Trump Tower New Orleans, which will be one of the tallest buildings on the Gulf Coast, according to co-developer David Brannen.