His net worth is in the billions. How bad a businessman can he be? And he got it by building things, not through politics.
No, he isn’t a bad businessman. He’s a bad husband, but a great businessman.
He is a badly flawed human and a bad husband but a good businessman.
I don’t remember where I read the long article, but it basically says this:
His father Fred was a tough businessman good at business, but he was a “slumlord” and that was not prestigious.
He wanted to up the image so he made Donald the face of upscale business, but just the face ... Fred Trump still ran everything.
After his father died Donald Trump made a series of business decisions that didn’t work out and was near bankrupt. There is a video where he points to a homeless guy in NYC and says that guy is richer than me.
Becoming a TV star saved him and he made a lot of money from The Apprentice.
He’s had his ups and downs. I think he’s a sloppy businessman and as president we see he’s a horrible judge of character. His personal life is bad and costing him time and again. Politically he lacks discipline, patience, and ability to negotiate, leaving his changes fleeting at best, often DOA. His legacy was shortlived as his EOs and successes were overturned and reversed immediately upon leaving the White House.
Back in the 80’s he was the quintessential rich businessman.
So is he a good businessman? Yes.
Trump’s 6 bankruptcies were all corporate and all appear to be strategic-fairly common in the real estate game. Knowing when to fold ‘em is also evidence of being a good business man.
Lets change the subject from Biden’s senility...
He multiplied a $400 million inheritance into a $5 billion (approximate) personal net wealth. I don’t think that’s bad at all.
Those who deride him claim that he could have done better if he just invested his money. I always ask these financial geniuses where I should put my net wealth for the next years, but they never seem to answer.
I’d say he’s the best President since Ronald Reagan.
I would walk through hoops of fire and over broken glass to vote for him.
Contrary to some other recent posts Trump like every other leveraged real estate mogul was a beneficiary of the emergency zero percent interest rates that lasted for ten years.
Everyone is a good businessman when the market is going up.
Unmitigated hogwash!
Ask any democrat politician - pre 2015.
Yeah, the ones he handed LOTS of money to - because he was such a ‘bad businessman’..
Trump received a Bachelor of Science in economics from the University of Pennsylvania in 1968, and his father named him president of his real estate business in 1971. Trump renamed it the Trump Organization and reoriented the company toward building and renovating skyscrapers, hotels, casinos, and golf courses. But then the fun begins as one of the hardest things to observe is that he was working on a different level of business. At his numbers, losing a quarter million in a year is like most people paying a traffic ticket.
His talent in finances is he can make money. But his best way was using his name. The Trump name has been licensed for various consumer products and services, including foodstuffs, apparel, adult learning courses, and home furnishings. According to an analysis by The Washington Post, there are more than 50 licensing or management deals involving Trump’s name, and they have generated at least $59 million in revenue for his companies.
And this continues today. The Trump Organization first major work since his presidency was a signed agreement to license its brand to a housing and golf complex set to be built in Oman by a Saudi Arabian developer, according to the New York Times.
The $1.6 billion project, known as Aida, will be developed by Dar Al Arkan. In addition to the golf course, the development will include an estimated 3,500 residential units, 450 hotel rooms and luxury destinations. The financial terms of the deal with the Middle East developer were not disclosed. But with that volume, you can be sure it ain’t hay.
wy69
His big mistake was not moving his business out of New York years ago. There are too many Litigious James types there.
I lived across the street from the Trump Construction Company in Brooklyn and had the pleasure of meeting the family as well as working for Trump on the Taj Mahal project in Atlantic City. Fantastic businessman, but an even better Project Manager. Probably one of the best in the world. He has an intelligence network that rivals any on earth. He has to because when you are running construction projects around the world, you need to create, understand and mitigate results stemming from PESTLE analysis.
Hard to become a billionaire and be a bad businessman - and he did his earning honorably by creating things instead of preying on folks by selling ads and personal info like the mega billionaires have done....
I see some morons have attacked his character - perhaps they aren’t really qualified to toss them stones....
Yes, just as Paul McCartney is similarly an awful musician and songwriter./s
Donald Trump has portrayed himself as a successful businessman who has amassed a net worth of as much as $10 billion. But he has also led some of his companies into bankruptcy, maneuvers he says were designed to restructure their massive debt.
Used Law to Protect Interests
Critics have cited the Trump corporate bankruptcies as examples of his recklessness and inability to manage, but the real estate developer, casino operator, and former reality-television star says his use of federal law to protect his interests illustrates his sharp business acumen.
Trump said in August 2015:
“I have used the laws of this country just like the greatest people that you read about every day in business have used the laws of this country, the chapter laws, to do a great job for my company, my employees, myself and my family.”
Used Little of Own Money
The New York Times, which conducted an analysis of regulatory reviews, court records, and security filings, found otherwise, however. It reported in 2016 that Trump “put up little of his own money, shifted personal debts to the casinos and collected millions of dollars in salary, bonuses, and other payments.
“The burden of his failures,” according to the newspaper, “fell on investors and others who had bet on his business acumen.”
More on the 6 bankruptcies at: https://www.thoughtco.com/donald-trump-business-bankruptcies-4152019