Posted on 01/24/2021 7:01:54 PM PST by SeekAndFind
Like many American business owners, Donald Trump took a huge financial hit in COVID America in the past year. But since leaving office, we’re getting a look at how much worse things have gotten for him.
At the White House, Trump worked for free, donating his $400,000 yearly salary to charities and government programs. In civilian life, his companies, run by his kids while he was in the White House, were bleeding money, according to financial disclosure forms he filed before leaving office.
The Washington Post reported:
Financial disclosure forms … revealed that his hotels, resorts and other properties had lost more than $120 million in revenue last year, as the pandemic forced long-term closures and kept customers home.
Those losses were worst in the places where Trump could least afford it: His Washington hotel, which has a $170 million loan outstanding, saw revenue drop more than 60 percent. His Doral resort in Miami — also carrying a huge debt load — saw a 44 percent drop.
[…]
But there were also sharp declines at … his Doral resort in Florida, and his Turnberry resort in Scotland. Their combined revenue fell from $149 million in 2019 to $71 million last year, a drop of more than half.
Worse, in addition to the coronavirus taking a huge hit on his hospitality holdings and Big Tech cutting off his online stores, Trump’s bankers, law firms, and tenants have abandoned him, according to The Washington Post. It’s believed that the corporations leaving now are largely due to the media and Democrat-inflamed perception that Trump encouraged the January 6th Capitol siege.
On Thursday, the company’s troubles grew: One of its banks and one of its law firms said they would cut their ties with the Trump Organization.
(Excerpt) Read more at pjmedia.com ...
May he gain Christ more and more. Even as he loses the world. But I do also pray for his vindication in this world as well.
Yep.
The hate is disgusting.
He could make a great reality show if he was up Schitt’s Creek
https://www.imdb.com/title/tt3526078/
How about a note of our thanks to him in Florida, tomorrow?
Just a small gesture?
Take care........pilgrim
But if he sells 75 million hats to us at $40. that’s $3 billion.
I don’t believe anything published in the Washington Post. (Even my birds sh!t on that rag.)
Hopefully his billions are liquid enough he can move some
funds around and cover all this.
I would hate to see him actually tank. He’s a decent man and
he in no way deserves to be shaken down by his business
associates.
They are experts at it. Say, whatever happened to that no bullying campaign a couple years back? 😒
Certainly make it a point to patronize the clothing lines and resorts when possible. If I am ever back in Vegas we will be staying at Trump Tower.
I’d buy 2 or 3
The purge continues unabated...
What’s more, it is just starting...
Buy RR stocks...
I’ve stayed at the Trump Hotel in Vegas! And bought wine glasses and coffee mugs, and wine opener (high quality too) in the gift shop. Will always try to stay at Trump hotels going foward. . .as soon as travel “reopens” so to speak.
I stayed there once. Didn’t realize there was no casino.
Travel is open and has been for a long time. I have taken several trips over the last six months. You could go there right now.
What is the best address for him now? Does anyone know?
Trump store is back open; carries items that are carried in the hotels/resorts.
people who travel vacation can book Trump properties esp. in DC
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