Those Times Trump Was A ‘Loser’
[su_publirb]
The Donald loves to tell us what a winner he is, what a great dealmaker he is, and how foreign countries “eat our lunch.” However, his lunch has been “eaten” quite a few times, including by foreign entities.
Donald Trump has made a habit of criticizing the United States for allowing foreign countries to continue “eating our lunch,” a message he has pushed for nearly-thirty years.
In 1991, however, it was Trump’s lunch that was eaten by a foreign competitor, when the real estate mogul, in debt to the tune of $900 million, ceded his 281-foot super-yacht Trump Princess over to creditors.
The yacht was then purchased by Prince Alwaleed Bin Talal Bin Abdulaziz al Saud, mogul and member of the Saudi royal family. He also happens to have a stake in another forsaken Trump property: the Plaza hotel in New York…
“Faced with massive debts and increasing cash-flow problems, Trump has been forced to get rid of large chunks of his empire to stay afloat. Among properties he is ceding to creditors are his 282-foot Trump Princess yacht, a 49% stake in New York’s Grand Hyatt Hotel, the Trump Shuttle airline and his 27% stake in Alexanders Inc., a department store chain,” read a Reuters story in 1991 on Trump’s restructuring of his considerable debts.
[su_center_ad]
[su_facebook]
