Donald Trump for President? Real Estate Mogul 'Absolutely Thinking About It'

Quote from EMRGLOBAL:

The only thing I can say about Trump...is he made his money. But just because you make money doesn't mean you'r a sharp business man.
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Oh yeah cause there is so many people out there who fluked out and randomly made themselves billionaires........

Sorry i totally forgot how much of a shithead donald trump is. He is a shitty businessman, and he doesnt even know what hes doing.
 
Quote from Hello:

Oh yeah cause there is so many people out there who fluked out and randomly made themselves billionaires......
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I always wondered if Trump made more money in his lifetime than he lost. From Wiki:

"By 1994, Trump had eliminated a large portion of his $900 million personal debt and reduced significantly his nearly $3.5 billion in business debt. While he was forced to relinquish the Trump Shuttle...."

"In 1995, he combined his casino holdings into the publicly held Trump Hotels & Casino Resorts. Wall Street drove its stock above $35 in 1996, but by 1998 it had fallen into single digits as the company remained profitless and struggled to pay just the interest on its nearly $3 billion in debt. "

"Finally, on October 21, 2004, Trump Hotels & Casino Resorts announced a restructuring of its debt. The plan called for Trump's individual ownership to be reduced from 56 percent to 27 percent, with bondholders receiving stock in exchange for surrendering part of the debt. Since then, Trump Hotels has been forced to seek voluntary bankruptcy protection to stay afloat. After the company applied for Chapter 11 Protection in November 2004, Trump relinquished his CEO position "

"The Trump International Hotel and Tower - Honolulu seems to be a success. According to Trump, buyers paid non-refundable deposits to commit to purchase every unit on the first day they were made available. Construction of the Trump International Hotel and Tower - Chicago seems to be proceeding as planned although 30% of the units remain unsold. The Trump International Hotel and Tower - Toronto has had a series of delays and a height reduction. The Trump Tower - Tampa has been quite controversial because the initial sales were so successful that all deposits were returned to charge a higher price. Three years after construction of this controversial development began, construction has delayed and lawsuits have been filed."

"Trump has been caught in the 2008 financial crisis as sales for his Trump International Hotel and Tower in Chicago have been lagging and he failed to pay a $40m loan to Deutsche Bank in December.[24] Arguing that the crisis is an Act of God, he evoked a clause in the contract to not pay the loan and initiated a countersuit asserting his image has been damaged.[24] Deutsche Bank has in turn noted in court that 'Trump is no stranger to overdue debt' and that he has twice previously filed for bankruptcy with respect to his casino operations."

"Forbes valued Trump's wealth to $3.0 billion."

There is a long list what he owns or what stake he has in certain Trump named real estates all over the world...

"For the first year of the show Trump was paid $50,000 per episode (roughly $700,000 for the first season), but following the show's initial success, he is now paid a reported $3 million per episode, making him one of the highest paid TV personalities."

Some failed Trump projects:

http://picv.org/
 
If Sarah PALIN could get a nomination ANYONE CAN! Yes I'm a Republican but let's be honest! Anyone can get a nomination winning the hearts and minds of the American people takes intelligence and great persuasion. Donald Trump does not have the political acumen plus as much as I LOVE the guy we all know he has wayyyy too many skeletons in his closet!
 
Re casino's

It a given that real estate offers poor cash flow whereas casino's have cash flow each and every day, lots of it. So if you're a real estate guy and you want to improve your cash flow to support your real estate, ya better buy a casino.

The $35 ipo on his casino was just a tool. He wasn't looking to build value, no different than a hedge fund stripping any company saddling said company with debt and then filing bk.
 
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