How Trump's Business Raked In $2.4 Billion While President - Forbes News

[Rhiannon12866]

An analysis of documents, some of which only became public in recent weeks, shows just how much Trump’s businesses raked in while he was in office.

[MFM008]

1. this bastard

needs to be bancrupted somehow........ that would be the worst thing to him, besides being seen as
a LOSER which he is and he knows he is.

[Rhiannon12866]

2. I have Mary Trump's book and she tells how he went through his father's money

His father was an actual successful businessman, he developed properties and rented apartment houses, he had vast holdings. He expected his son to take over the business, but it wasn't good enough for Donald. He thought he knew better, built and invested in casinos and they went bankrupt in a few short years despite his father's repeated attempts to bail him out. He is not a "businessman" as we have seen, remembering Trump Steaks, Trump Vodka and the infamous Trump University. He just can't seem to hold on to money because he has such bad ideas...

[unblock]

3. It's the execution that's the problem.

Donnie created a valuable brand image, mainly because he cared about that image to the exclusion of all else.

He had cared at all about execution, he might have made any or all of his businesses successful. But he probably doesn't even understand what's involved in actually delivering goods and services to customers, and surely doesn't care. All he understands is insulting people who bring problems to his attention. He just wants the problems to go away by any means except spending money on the solution. If no one ever mentions it again, it doesn't exist as far as he's concerned.

The ideas themselves weren't necessarily bad. If only he allowed a competent manager to run things, he could have made a profit rebranding tap water or anything else.

[Rhiannon12866]

5. Another thing, because he always had his father's money behind him, he thought he could do anything

But he (and his siblings, because they did what he wanted) sold off his father's businesses at much less than they could have - in an effort not to attract attention. As has been discussed, a common Trump trait was to avoid paying taxes. And TFG wanted and needed the money, wasn't willing to plan or negotiate, and the others got used to going along, as they did with their father. So TFG just goes ahead doing whatever idea sounds good to him, but he's not a businessman and his father's no longer there to bail him out.

[secondwind]

4. He OWES a ton of money, also.

Especially to RUSSIA.

[Rhiannon12866]

6. That's very true, he's used to borrowing huge sums with no plans about how to repay it

If his business idea doesn't turn out - which has happened a lot over the decades. He got used to having his wealthy father there to bail him out. But even his father couldn't save his casinos. The Dad once sent his driver to buy $3 million in chips, with no intention of gambling. And he got in trouble with the gaming commission since he didn't have a license which he would have needed to lend money to a casino.

[kentuck]

7. I suppose there is a good mix of Russian and Saudi money in the total?

I recall how he rented entire floors to his Saudi friends and others at exorbitant prices while he was President. I seriously doubt that the Russian money going to his golf courses was all pure and clean?

He could not be an honest busienessman if his life depended on it.