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.
Further, 6 bankruptcies out of over 200 companies is a winning record.
For people living on the government teet, they only focus on the 6.