A Guide to Donald Trump's Business Career

-

 


A Guide to Donald Trump’s Business Career

Donald Trump’s business career has been a veritable rollercoaster ride of his own making – as with most Trump-ian pursuits.
Let’s take a look at Trump’s biggest successes and failures in business.

Successful Business Ventures

Grand Hyatt Hotel
(1974-)
Turned deteriorating Commodore Hotel into lavish Manhattan cornerstone.
Wollman Rink
(1986-)
Renovated for Mayor Koch $350k under budget.
Trump Place
(1974-)
Initially intended to become “Television City.” Following years of negotiation, residential complex opened on Upper West Side.
Trump Tower
(1980-)
Iconic skyscraper stands on 5th Ave., just below Central Park. Labor lawsuit concerning controversial construction settled in 1999.
40 Wall Street
(1995-)
Bought for $1MM, renovated for $35MM, worth $500MM.
Trump International Tower Chicago
(2005-)
2nd tallest hotel in Chicago was named best large city hotel in North America in 2010.
Trump Model Management
(1999-)
One of Manhattan elite boutique model agencies. Currently the defendant in multiple lawsuits.
The Apprentice
(2004-)
Successful show spawned “Celebrity Apprentice” spinoff. NBC cut ties with Trump in 2015, but show expected to continue.

Failed Business Ventures

Trump Vodka
5 years (2006-2011)
“Trump and Tonic” never became America’s most popular cocktail, as Trump forecast.
Trump: The Game
2 years (1989-1990); (2005)
Monopoly-styled board game discontinued, revived as tie-in to “The Apprentice,” and discontinued again.
Trump Airlines
4 years (1988-1992)
Bought for $365 million as Eastern Air Shuttle, Trump planned to turn blue-collar airline into luxury fleet. It never turned a profit.
Trump Entertainment Resorts
20 years (1995-2015)
Casino entity has filed for bankruptcy 4 times. Trump resigned from board in 2009 but maintains 28% stock share.
GoTrump.com
1 year (2006-2007)
Search engine for luxury travel deals included private jets and 120% price guarantee.
Trump Magazine
1.5 years (2007-2008)
High-end lifestyle magazine saw initial success “cashing in on the booming advertising market for yachts.”
Trump Steaks
5 years (2007-c.2012?)
Unknown when company bowed, but possibly in 2012 after Vegas chain shut down following 51 health code violations.
Trump University
6 years (2005-2011)
Un-accredited, for-profit school has been sued twice, most recently for $40 million by NY Attorney General.
Trump Ice
15 years (c.1995-2010)
First served at his casinos, Trump claimed “it was so good that people wanted to buy cases of it!”
Trump Mortgage
1.5 years (2006-2007)
Predicted by his son to be #1 US home-loan lender. Shuttered amidst housing crash and discovery that top executive had worked on Wall Street for just 6 days.
New Jersey Generals
2 years (1983-1985)
Bought USFL team, sold away, and reacquired. Team and league ended following year.

That’s a 42% success rate.

Which is an excellent baseball batting average.
His failures have an average lifespan of 4.6 years, excluding outliers.
With a median of 4 years.

So how much is Trump really worth?

Trump: over $10B
Forbes: $4B
Bloomberg: $2.9B
North Fork Bank (2005): $1.2B
Wall Street Journal: over $1.5B
Deutsche Bank: $788MM
New York Times (2005): $150-$250MM
It’s a bit muddied.
Holdings:
500 entities in which he is a trustee, president, chairman or member
391 of which bear the Trump name, which he values at $3,320,020,000
Stock portfolio:
$33.4-87.9MM
But this year alone he’s lost more than a dozen multi-million dollar deals.
NBCUniversal
Univision
Serta
Televisa
Farouk Systems
Macy’s
NASCAR
ESPN
PGA
PVH Corp.
Jose Andreas
Geoffrey Zakarian
Perfumania
Federal Aviation Administration
5 Rabbit Cerveceria
Studio Ora TV
City of New York
Teletica
It’s also not entirely clear Trump’s fortune was made by him at all.
1974: Inherited $40MM
$40MM reinvested dividends 1974-2015 S&P 500 Index:
$3B
$200MM (1982 net worth) reinvested dividends 1982-2014 S&P 500 Index:
$8B
Depending on how much you think he’s currently worth, Trump might’ve made more money by just riding out the S&P Index.
It’s possible he’s even lost a few billion. Though, to be clear, we’re not saying that for certain. (We’re loathe to lawsuits, and Trump’s had a few.)
Either way, it’s a moot point, because one thing is for certain:
Trump still has more money than you.
Donald-Trump
Citations:

https://internationalbusinessguide.org/trump-business-career/

Comments

Post a Comment

Popular posts from this blog

ℕ𝕖𝕨 β„€π•–π•’π•π•’π•Ÿπ••'𝕀 𝕙𝕒𝕀 𝕒 π•‘π•™π•–π•Ÿπ• π•žπ•–π•Ÿπ•’π• π•šπ•Ÿπ•₯π•–π•£π•Ÿπ•’π•₯π•šπ• π•Ÿπ•’π• 𝕣𝕖𝕑𝕦π•₯𝕒π•₯π•šπ• π•Ÿ, π•₯π•™π•’π•Ÿπ•œπ•€ π•₯𝕠 π•π•’π•”π•šπ•Ÿπ••π•’ π”Έπ•£π••π•–π•£π•Ÿ

-
Image
ℕ𝕖𝕨 β„€π•–π•’π•π•’π•Ÿπ••'𝕀 𝕙𝕒𝕀 𝕒 π•‘π•™π•–π•Ÿπ• π•žπ•–π•Ÿπ•’π• π•šπ•Ÿπ•₯π•–π•£π•Ÿπ•’π•₯π•šπ• π•Ÿπ•’π• 𝕣𝕖𝕑𝕦π•₯𝕒π•₯π•šπ• π•Ÿ, π•₯π•™π•’π•Ÿπ•œπ•€ π•₯𝕠 π•π•’π•”π•šπ•Ÿπ••π•’ π”Έπ•£π••π•–π•£π•Ÿ ℕ𝕖𝕨 β„€π•–π•’π•π•’π•Ÿπ••'𝕀 𝕣𝕖𝕑𝕦π•₯𝕒π•₯π•šπ• π•Ÿ π•šπ•€π•Ÿ'π•₯ 𝕙𝕦𝕣π•₯π•šπ•Ÿπ•˜ 𝕒𝕀 π•žπ•¦π•”π•™ 𝕒𝕀 π•šπ•₯ π•žπ•šπ•˜π•™π•₯ 𝕗𝕖𝕖𝕝 π•šπ•₯ π•šπ•€ S hocking images and reports come from  flood-ravaged Auckland  where four people have died. Rising  cost of living crisis . A  housing crisis .  Infrastructure in crisis . It’s easy to see why some might feel things aren’t going so well in Aotearoa New Zealand. If it feels like this to us Kiwis, just what does the international stage make of our many apparent failings? These marketing experts have some goods news in that New Zealand is not alone in its many challenges.  . . International marketing expert Brian Sweeney said New Zealand was thought of internationally as “highly desirable, young, adventurous, and a beautiful place to visit”.​ The  former Wellingtonian, now a  New York-based chai
Read more

For Black CEOs in Silicon Valley, humiliation is a part of doing business

-
Image
For Black CEOs in Silicon Valley, humiliation is a part of doing business The Mercury News  /  by Bloomberg News  /  9h By Priya Anand and Sarah McBride | Bloomberg Will Hayes has grown accustomed to an awkward start to business meetings. On numerous occasions, venture capitalists would confuse Hayes, the head of software company Lucidworks Inc., with another man on his executive team. The investor would introduce himself, extend a handshake to the other guy and say, “Good to meet you, Will.” It’s strange because they don’t look alike. Also, Hayes is Black, and his deputy is White. This happened so many times, in dozens of meetings over many years, that Hayes and his longtime colleague, Keith Messick, say it’s no coincidence. Such unintentional instances of racism, they say, have become a routine—and insidious—part of doing business at a Black-led company in Silicon Valley. Protests over the death of George Floyd at the knee of a White police officer in Minneapolis
Read more

Fact Check: Trump lied 46 times at recent rallies

-
Image
Fact Check: Trump lied 46 times at recent rallies Forty-six false and misleading claims the president has made at recent rallies. We reviewed all of President Donald Trump’s speeches at campaign rallies over five days, from Oct. 12 to Oct. 16. There were six speeches and combined, Trump spoke for more than eight hours, averaging about one hour and 20 minutes per speech. Below is a compilation of 46 of the false and misleading claims he made; Trump often repeated those claims at multiple rallies. We have organized them by subject matter. Trump spoke in  Sanford, Florida , on Oct. 12, his first rally since recovering from COVID-19. It was the shortest of the five speeches, at just over an hour. The following night, the Republican nominee spoke in  Johnstown, Pennsylvania,  followed by an Oct. 14 rally in  Des Moines, Iowa , then  Greenville, North Carolina,  on Oct. 15. He finished up the week with two rallies: one in  Ocala, Florida , and another in  Macon, Georgia , on Oct. 16. (We
Read more