General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forumsapparently, the trumpf started over 500 successful businesses. latest delusion to
crop up on FB disscusion threads. these idiots americans go silent when asked to name them, or 10, or 5
Wellstone ruled
(34,661 posts)Business Names in China,those are just names. Did the same in Russia as well as several Mid East Countries.
As far as Start ups,doubt that ,the Guy does not have two nickels to rub together. His family is running a Grift Ponzi Scheme . Have you heard one single true Money Person say he has true wealth,not. Maybe Hannity or Dobbs,but what the do they know.
cos dem
(903 posts)successful.
Angry Dragon
(36,693 posts)Anon-C
(3,430 posts)Takket
(21,607 posts)unc70
(6,117 posts)For tax and other reasons, the Trump businesses are separated legally by individual properties and functions within each fir various services. So there are dozens or more businesses associated with a single condo building, several for just a single condo unit.
This is typical with real estate developers and a few other industries.
How successful Trump is is another question.
unblock
(52,285 posts)I can set up two businesses that are basically double or nothing coin tosses. If I can convince people to lend me money for such things, I can win big on the successful business and stick the lenders with the loss on the losing business.
In practice, if Donnie can renegotiate with creditors (which he does a lot) instead of declaring bankruptcy, he might not even have to declare the losing business a failure. Really it's only the formal bankruptcies we know are failures.
Many private businesses lose money for lenders and owners and suppliers but the public never really finds out about it. This leaves Donnie and his supporters free to claim they were successes.