d2jsp
Log InRegister
d2jsp Forums > Off-Topic > General Chat > General Archive > Donald Trump Good Business Man
Prev123456Next
Add Reply New Topic
Member
Posts: 49,893
Joined: Jun 19 2006
Gold: 3.88
May 18 2016 07:05pm
Quote (excellence @ May 19 2016 12:04pm)
Armchair magnate hard at work

Trump coulda just let rich hedge fund managers get richer off him managing his assets. All that money kept out of the economy.

Instead he chose to create tens of thousands of jobs which let people spend lots of money, build skyscrapers and become a billionaire anyway.

Why do you hate success and change the definition?


He would have been a billionaire by now by sticking his 200 million in a bank on interest.
Its not successful to get handed 200 million dollars.
Member
Posts: 54,736
Joined: Jun 5 2006
Gold: 1,463.83
May 18 2016 07:09pm
Quote (Plaguefear @ May 18 2016 05:03pm)
No, i really do not.


if you believe trump has been bankrupt multiple times you do
Member
Posts: 53,368
Joined: Sep 2 2004
Gold: 57.00
May 18 2016 07:09pm
Quote (Plaguefear @ 18 May 2016 21:05)
He would have been a billionaire by now by sticking his 200 million in a bank on interest.
Its not successful to get handed 200 million dollars.


200mm? When?
Member
Posts: 31,223
Joined: May 16 2008
Gold: 178.48
May 18 2016 07:11pm
Quote (Plaguefear @ 19 May 2016 11:05)
He would have been a billionaire by now by sticking his 200 million in a bank on interest.
Its not successful to get handed 200 million dollars.


Always the plebs saying this shit.

Take a statistical average of the number of people who inherited over $1 million and find out how many made it 100 fold, answer is very few.
Most people aren't brought up well and end up blowing the money on shit that loses value not creates it.
Member
Posts: 49,893
Joined: Jun 19 2006
Gold: 3.88
May 18 2016 07:12pm
Quote (majorblood @ May 19 2016 12:09pm)
if you believe trump has been bankrupt multiple times you do


Bankruptcy 1: The Trump Taj Mahal, 1991

The first bankruptcy associated with Trump was perhaps the most significant in terms of his personal finances, according to news reports at the time. He funded the construction of the $1 billion Trump Taj Mahal casino in Atlantic City, which opened in 1990. By 1991, the casino was nearly $3 billion in debt, while Trump had racked up nearly $900 million in personal liabilities, so the business decided to file for Chapter 11 reorganization, according to the New York Times. As a result, Trump gave up half his personal stake in the casino and sold his yacht and airline, according to the Washington Post.

Sounds like a great business man.

Bankruptcy 2: Trump Plaza Hotel, 1992

Trump acquired the Plaza Hotel in New York for $390 million in 1988. By 1992, the hotel had accumulated $550 million in debt. As a result of the bankruptcy, in exchange for easier terms on which to pay off the debts, Trump relinquished a 49 percent stake in the Plaza to a total of six lenders, according to ABC News. Trump remained the hotel’s CEO, but it was merely a gesture -- he didn’t earn a salary and had no say in the hotel’s day-to-day operations, according to the New York Times.

Sounds like a great businessman.

Bankruptcy 3: Trump Hotels and Casinos Resorts, 2004

Trump Hotels and Casinos Resorts filed for bankruptcy again in 2004 when his casinos -- including the Trump Taj Mahal, Trump Marina and Trump Plaza casinos in Atlantic City and a riverboat casino in Indiana -- had accrued an estimated $1.8 billion in debt, according to the Associated Press. Trump agreed to reduce his share in the company from 47 to 27 percent in a restructuring plan, but he was still the company’s largest single shareholder and remained in charge of its operations. Trump told the Associated Press at the time that the company represented less than 1 percent of his net worth.

He lies through his teeth here and also sounds like a great business man.
Member
Posts: 49,893
Joined: Jun 19 2006
Gold: 3.88
May 18 2016 07:14pm
Quote (Hubris @ May 19 2016 12:11pm)
Always the plebs saying this shit.

Take a statistical average of the number of people who inherited over $1 million and find out how many made it 100 fold, answer is very few.
Most people aren't brought up well and end up blowing the money on shit that loses value not creates it.

Trump inherited between 120 and 200 million, he has not made it 100 fold, he is barely worth 4.5 billion on forbes estimates, and he will not release his tax forms to show his worth.
There is a HUGE difference between 1 million and 120 million or 200 million.
Member
Posts: 17,798
Joined: Apr 17 2008
Gold: 17,131.00
Warn: 20%
May 18 2016 07:14pm
Mr.mime. Trump ate Payplate.org.
Member
Posts: 54,736
Joined: Jun 5 2006
Gold: 1,463.83
May 18 2016 07:15pm
Quote (Plaguefear @ May 18 2016 05:12pm)
Bankruptcy 1: The Trump Taj Mahal, 1991

The first bankruptcy associated with Trump was perhaps the most significant in terms of his personal finances, according to news reports at the time. He funded the construction of the $1 billion Trump Taj Mahal casino in Atlantic City, which opened in 1990. By 1991, the casino was nearly $3 billion in debt, while Trump had racked up nearly $900 million in personal liabilities, so the business decided to file for Chapter 11 reorganization, according to the New York Times. As a result, Trump gave up half his personal stake in the casino and sold his yacht and airline, according to the Washington Post.

Sounds like a great business man.

Bankruptcy 2: Trump Plaza Hotel, 1992

Trump acquired the Plaza Hotel in New York for $390 million in 1988. By 1992, the hotel had accumulated $550 million in debt. As a result of the bankruptcy, in exchange for easier terms on which to pay off the debts, Trump relinquished a 49 percent stake in the Plaza to a total of six lenders, according to ABC News. Trump remained the hotel’s CEO, but it was merely a gesture -- he didn’t earn a salary and had no say in the hotel’s day-to-day operations, according to the New York Times.

Sounds like a great businessman.

Bankruptcy 3: Trump Hotels and Casinos Resorts, 2004

Trump Hotels and Casinos Resorts filed for bankruptcy again in 2004 when his casinos -- including the Trump Taj Mahal, Trump Marina and Trump Plaza casinos in Atlantic City and a riverboat casino in Indiana -- had accrued an estimated $1.8 billion in debt, according to the Associated Press. Trump agreed to reduce his share in the company from 47 to 27 percent in a restructuring plan, but he was still the company’s largest single shareholder and remained in charge of its operations. Trump told the Associated Press at the time that the company represented less than 1 percent of his net worth.

He lies through his teeth here and also sounds like a great business man.


you have yet to point out an example of Trump being bankrupt
Member
Posts: 53,368
Joined: Sep 2 2004
Gold: 57.00
May 18 2016 07:15pm
Quote (Plaguefear @ 18 May 2016 21:14)
Trump inherited between 120 and 200 million, he has not made it 100 fold, he is barely worth 4.5 billion on forbes estimates, and he will not release his tax forms to show his worth.
There is a HUGE difference between 1 million and 120 million or 200 million.



Now its 120mm-200mm? When did he get that cash?
Member
Posts: 49,893
Joined: Jun 19 2006
Gold: 3.88
May 18 2016 07:16pm
Quote (majorblood @ May 19 2016 12:15pm)
you have yet to point out an example of Trump being bankrupt


Trump declared bankruptcy on those businesses, no one said he lost everything.
Again, he lost billions where any good business man should have made money.
Quote (excellence @ May 19 2016 12:15pm)
Now its 120mm-200mm? When did he get that cash?


1982.
Google could tell you all you need to know about it.
Just for the record though, 120 million in 1982 was a lot more money than it is now.

This post was edited by Plaguefear on May 18 2016 07:17pm
Go Back To General Archive Topic List
Prev123456Next
Add Reply New Topic