Posted on 02/09/2024 9:46:00 PM PST by 7thson
The past several years, I have heard and/or read of how bad a businessman President Donald Trump is and has been during his life.
I went online to look for examples and it seems the stories that he is a bad businessman are from leftist outlets - CNN, NPR, MSNBC, the New Yorker, NYT, and so on. (Side note - does Forbes swing to the left?)
So I need assistance from my fellow Freepers and from Freeperland.
Is there an unbiased source of information concerning President Trump's wealth, how he obtained it, how he has grown his wealth, etc?
Thank you to all in advance who can/will provide this type of information.
Not true.
Trump was over-leveraged and was upside down on his balance sheet when several of his ventures did not pan out. In effect, broke.
But other ventures were panning out and he was able to rebound.
There are 250 subsidiaries under the Trump banner.
I’ve seen it with homebuilders. For each new subdivision they build, they set up a subsidiary to sheild the corporate assets from claims.
They might open three to five subs a year. Some sell quickly and are highly profitable. Some are a quagmire and the developer walks away and takes the loss. Does that make the developer a bad business person? Heck no! They are raking it in overall.
Only those who dared to go big or go home will understand that not every venture pans out. Most people are not that brave.
“Trump got hundreds of millions”....That’s an old debunked NeverTrumper talkingpoint from 2016. He got from his father a $1 million loan, which was repaid.
Among their many testy exchanges at the Republican debate in Detroit on March 3, 2016, was how much wealth Trump inherited.
“He talks about these great businesses that he’s built,” Rubio said. “He inherited over $100 million.”
Trump interjected: “Wrong. Wrong. Wrong.”
Trump added, “First of all, I got a call from my sister and brother tonight, and they said, ‘We had no idea Dad gave you $200 million.’ Believe me, I started off with $1 million. I built a company that’s worth more than $10 billion. And I say it not in a bragging way, but that’s the kind of thinking we need.”
Re: TV saved him.
Wrong.
Here is season 1, episode one, intro of the Apprentice in 2004.
Trump says was in a bad way 13 years ago which would put it at 1991. He already made his way back before the TV show.
https://www.youtube.com/watch?v=5ZXgzxGyxWM
A slum landlord allows his property to devalue, because he won’t invest in his property. I don’t know if Fred Trump qualifies as that. Being a low rental does not qualify one as a slum landlord.
OK lets take you at your word on this I’ve read Trump’s “Art of the Comeback” and he has strategies for success in all situations even when you’ve had setbacks.
Trump has a powerful personality that has propelled the successful expansion and development of his business enterprises.
As Trump moved into politics the forces trying to boycott his business have had a crack at him.
But Trump has proved resilient using his celebrity-political office status to his advantage to draw people towards his business.
Donors get to spend a night at Mar-a-Lago for example.
Here is how one person described how Fred Trump made his money.
He made money by building residential houses. He wasn’t born rich and his father died when he was 11 and was trained as a carpenter out of high school and built his first house at age 20 and sold it for a profit. Next year, he built and sold 20 houses. By age 30 he had built hundreds of homes and he started a supermarket, a whole new concept at the time because back then food stores had food behind the counters and a clerk would pull what you want from the back.
Fred Trump became mega rich during WW2 by building barracks at naval bases on east coast, and from this, he got an idea that all these young men would go home and start families when the war was over. So he started building affordable cheap housing and apartments in the New York area. By 1960 or so, he had built over 20,000 units of housing.
I think he was a savvy businessman and when I used the word “slumlord” then it was to describe the society’s perception of his business of running lower income residential housing, even if done competently, being low prestige.
I can understand that use to denigrate somebody to create an image.
>> He’s a bad husband
He ONCE WAS a poor example of a husband.
He’s been with Melania quite a few years.
I believe he has repented of his former ways and with GOD’s help developed into a good husband.
Started out with $500 million-early 70’s. $10 billion now? If so he could have made more putting it in the S & P 500 and not lifted a finger.
>> he has strategies for success in all situations even when you’ve had setbacks
President Trump is living out these “strategies” every single day, at present!
May GOD continue to bless him richly and favor him highly!
Post the article or admit you pulled this gossip out of your dog’s nether region.
How is he a bad husband?
The article is from years ago, and I didn’t bookmark it. If I were presenting a case in a court of law, then I certainly would have to find the article, but we’re not in court here.
Ok, financial genius. Can you give us any stock tips?
It’s easy, after the fact to know what one should have done afterwards. It’s another actually go and be competent at the time and still make money.
Trump did well, imo.
Trump Tower was before the Apprentice - how could he have been that broke after Trump Tower?
What he did wasn’t easy....doesn’t matter to me that he had his ups and downs...he prevailed because he didn’t quit. Big bold ideas that he worked his butt off for.
How do you know?
Who knows what went on in his marriages?
His family doesn’t reflect that
He BORROWED $1million from his father, and grew that. (And repaid his father.)
He received over $400 million, although I’m not going into the accusation of tax dodging. Being aggressive about your tax deductions is not dodging taxes.
https://globalnews.ca/news/4512149/donald-trump-tax-dodge/
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