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Bombshell: Donald Trump Lost $50 Million of Dad's Money by the Time He Was 33Donald Trump has created an image of himself as the best businessman in the world – albeit one who pays no taxes while expecting everybody else to do so, and excoriating them if they do not. While nobody said you can’t be a good business man while still being a hypocrite, is Trump really a good businessman?
It does not appear so. Not only did he lose almost a billion dollars in 1995, at a time when the economy was really doing rather well – despite Trump’s claims to the contrary – but as Newsweek‘s Kurt Eichenwald reveals in his latest bombshell, Trump would have gone belly up even earlier had not his father bailed him out.
It is well known by now that his father bankrolled Trump’s rather uninspiring rise to fame, and by a lot more than Trump is willing to admit, as Hillary Clinton helpfully reminded him in the first presidential debate. But it turns out Trump’s fumbling is nothing new, or even unusual:
All of the tax information that has been publicly revealed — The Washington Post published figures for 1978 and 1979 in May, Politico reported in June he had paid no taxes in 1991 and 1993, The New York Times published 1995 information last week and further information from the 1970s show the same thing: Trump paying little or no taxes because of poor financial performance and huge mistakes he made in his business. Trump has steadfastly refused to release any tax returns on his own, but the headline numbers for the eight years of financial returns that have now been disclosed demonstrate that Trump’s self-celebrated business genius is a pose.
The facts reveal, says Eichenwald, a Trump “unable to control his spending,” loading “himself up with debt from the credit line in an apparent belief that he could make enough money through other deals and investments to cover the interest payments.” We have often referred to Trump’s life as a shell game, and this appears to be exactly what it is.
Bombshell: Donald Trump Lost $50 Million of Dad’s Money by the Time He Was 33
Bombshell: Donald Trump Lost $50 Million of Dad's Money by the Time He Was 33Donald Trump has created an image of himself as the best businessman in the world – albeit one who pays no taxes while expecting everybody else to do so, and excoriating them if they do not. While nobody said you can’t be a good business man while still being a hypocrite, is Trump really a good businessman?
It does not appear so. Not only did he lose almost a billion dollars in 1995, at a time when the economy was really doing rather well – despite Trump’s claims to the contrary – but as Newsweek‘s Kurt Eichenwald reveals in his latest bombshell, Trump would have gone belly up even earlier had not his father bailed him out.
It is well known by now that his father bankrolled Trump’s rather uninspiring rise to fame, and by a lot more than Trump is willing to admit, as Hillary Clinton helpfully reminded him in the first presidential debate. But it turns out Trump’s fumbling is nothing new, or even unusual:
All of the tax information that has been publicly revealed — The Washington Post published figures for 1978 and 1979 in May, Politico reported in June he had paid no taxes in 1991 and 1993, The New York Times published 1995 information last week and further information from the 1970s show the same thing: Trump paying little or no taxes because of poor financial performance and huge mistakes he made in his business. Trump has steadfastly refused to release any tax returns on his own, but the headline numbers for the eight years of financial returns that have now been disclosed demonstrate that Trump’s self-celebrated business genius is a pose.
The facts reveal, says Eichenwald, a Trump “unable to control his spending,” loading “himself up with debt from the credit line in an apparent belief that he could make enough money through other deals and investments to cover the interest payments.” We have often referred to Trump’s life as a shell game, and this appears to be exactly what it is.
Damn, what a loser!
In Never Give Up, Donald Trump tells the dramatic stories of his biggest challenges, lowest moments, and worst mistakes—and how he uses tenacity and creativity to turn defeat into victory. Each chapter includes an inspiring story from Trump’s career and concludes with expert commentary and coaching from adversity researcher and author Paul Stoltz. Inspirational and intelligent, Never Give Up will help you deal with your own personal challenges, failures, and weaknesses.
LOL Trump is worth billions fool, you?
Bombshell: Donald Trump Lost $50 Million of Dad’s Money by the Time He Was 33
Bombshell: Donald Trump Lost $50 Million of Dad's Money by the Time He Was 33Donald Trump has created an image of himself as the best businessman in the world – albeit one who pays no taxes while expecting everybody else to do so, and excoriating them if they do not. While nobody said you can’t be a good business man while still being a hypocrite, is Trump really a good businessman?
It does not appear so. Not only did he lose almost a billion dollars in 1995, at a time when the economy was really doing rather well – despite Trump’s claims to the contrary – but as Newsweek‘s Kurt Eichenwald reveals in his latest bombshell, Trump would have gone belly up even earlier had not his father bailed him out.
It is well known by now that his father bankrolled Trump’s rather uninspiring rise to fame, and by a lot more than Trump is willing to admit, as Hillary Clinton helpfully reminded him in the first presidential debate. But it turns out Trump’s fumbling is nothing new, or even unusual:
All of the tax information that has been publicly revealed — The Washington Post published figures for 1978 and 1979 in May, Politico reported in June he had paid no taxes in 1991 and 1993, The New York Times published 1995 information last week and further information from the 1970s show the same thing: Trump paying little or no taxes because of poor financial performance and huge mistakes he made in his business. Trump has steadfastly refused to release any tax returns on his own, but the headline numbers for the eight years of financial returns that have now been disclosed demonstrate that Trump’s self-celebrated business genius is a pose.
The facts reveal, says Eichenwald, a Trump “unable to control his spending,” loading “himself up with debt from the credit line in an apparent belief that he could make enough money through other deals and investments to cover the interest payments.” We have often referred to Trump’s life as a shell game, and this appears to be exactly what it is.
Damn, what a loser!
Bombshell: Donald Trump Lost $50 Million of Dad’s Money by the Time He Was 33
Bombshell: Donald Trump Lost $50 Million of Dad's Money by the Time He Was 33Donald Trump has created an image of himself as the best businessman in the world – albeit one who pays no taxes while expecting everybody else to do so, and excoriating them if they do not. While nobody said you can’t be a good business man while still being a hypocrite, is Trump really a good businessman?
It does not appear so. Not only did he lose almost a billion dollars in 1995, at a time when the economy was really doing rather well – despite Trump’s claims to the contrary – but as Newsweek‘s Kurt Eichenwald reveals in his latest bombshell, Trump would have gone belly up even earlier had not his father bailed him out.
It is well known by now that his father bankrolled Trump’s rather uninspiring rise to fame, and by a lot more than Trump is willing to admit, as Hillary Clinton helpfully reminded him in the first presidential debate. But it turns out Trump’s fumbling is nothing new, or even unusual:
All of the tax information that has been publicly revealed — The Washington Post published figures for 1978 and 1979 in May, Politico reported in June he had paid no taxes in 1991 and 1993, The New York Times published 1995 information last week and further information from the 1970s show the same thing: Trump paying little or no taxes because of poor financial performance and huge mistakes he made in his business. Trump has steadfastly refused to release any tax returns on his own, but the headline numbers for the eight years of financial returns that have now been disclosed demonstrate that Trump’s self-celebrated business genius is a pose.
The facts reveal, says Eichenwald, a Trump “unable to control his spending,” loading “himself up with debt from the credit line in an apparent belief that he could make enough money through other deals and investments to cover the interest payments.” We have often referred to Trump’s life as a shell game, and this appears to be exactly what it is.
Damn, what a loser!
There's a HUGE difference in losing money as a businessman than when a politician loses it:
State Dept. misplaced $6B under Hillary Clinton: IG report
creates significant financial risk and demonstrates a lack of internal control over the Department’s contract actions.”
creates significant financial risk and demonstrates a lack of internal control over the Department’s contract actions.”
Is that ALL??
Fucking hell; that's a bloody DISASTER!!! It's a recipe for fraud and frankly just disgusting management!!!
Greg
Bombshell?
There are (still) people who don't understand that failure is part of the process of success.
Come on, Matthew, you're (still) trying too hard.
Cartoonish is a fair word in his case.Bombshell?
There are (still) people who don't understand that failure is part of the process of success.
Come on, Matthew, you're (still) trying too hard.
And if you had seen such a meme produced b the Trump Organization highlighting the failures instead of the cartoonish lengths they go to try to hide any hint of failure….he may have more support.
Instead you get the rationalization or denial.
There's a HUGE difference in losing money as a businessman than when a politician loses it:
State Dept. misplaced $6B under Hillary Clinton: IG report
There are (still) people who don't understand that failure is part of the process of success.
.
Bombshell?
There are (still) people who don't understand that failure is part of the process of success.
Come on, Matthew, you're (still) trying too hard.
Absolutely perfect, thanks Joe. I can always count on you.Bombshell?
There are (still) people who don't understand that failure is part of the process of success.
Come on, Matthew, you're (still) trying too hard.
You left out the part where they banned him from the game for two years for illegal gambling and point shaving, but never mind.
Ignore the adultery, the gambling, the fact that someone whacked his dad to prove a point about his gambling debts... let's just pretend he's a cultural icon and ignore the bad stuff.
creates significant financial risk and demonstrates a lack of internal control over the Department’s contract actions.”
Is that ALL??
Fucking hell; that's a bloody DISASTER!!! It's a recipe for fraud and frankly just disgusting management!!!
Greg
again, your boy Bush sent pallet loads of money to Iraq that no one ever saw again..
So, um, no.
There's a HUGE difference in losing money as a businessman than when a politician loses it:
State Dept. misplaced $6B under Hillary Clinton: IG report
