1995 wasn’t “almost two decades ago.” It was 12 years ago. Wild swings in income aren’t uncommon in real estate.
During the 1990s, Trump’s properties in Atlantic City forced him to the wall. In Ch, 11 reorganizations, he surrendered his 50 percent ownership in Taj Mahal and two other properties. He also took a big hit on the Plaza hotel in New York City. In these reorganization, he sold off a number of properties and businesses, including his yacht and Trump airlines, and was put on a strict budget.
It took him some time to regain his stride. He himself talks about all this in his book The Art of the Comeback.
As for losing $900 million, there aren’t that many people who are in a position to lose $900 million, no less come back even stronger, amassing $10 billion in net worth.
I don’t know how much of the $10 billion represents unrealized capital gains, but, it is probable he has already reported more than $900 million in income since 1995, and so has already exhausted his loss-carryforwards.
12 years ago would be 2004.
ummm..FYI..1995 was 21 years ago.
Typo?
2016-1995 was 19 when I went to school dawg!
I don’t know how much of the $10 billion represents unrealized capital gains,...”
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Part of the 10 billion he claims is what is known in business as “blue sky” and represents the value of the brand name, locations of the businesses in question and other non tangible assets which are nonetheless real.
Trump is paid my many businessman in the hotel and resorts business for the use of his name on their projects. Despite the whining and constant slams on the business acumen of this man he is by any business measure an enormous success.
Actually 1995 was 21 years ago, not 12 years as you stated. So over two decades ago would be correct...
dvwjr
“1995 wasn’t “almost two decades ago.” It was 12 years ago.”
Is this common core math? Children born in 1995 are 21yrs old this year, not 12.
With those math skills, I sincerely hope that you aren’t a CPA.