I think the (originally German) name is derived from trump cards - which are also powerful, but in a somewhat different way...
So the more likely scenario is the name was only picked because it sounded similar to their original German family name while being an English-styled spelling.
Given we are taking 30+ years ago though, the best we can do at this stage is speculate.
However even if the card game theory were true, it still doesn’t make Trump a powerful name in the U.K. because the fart connotation is still more prevalent.