- May 20, 2009
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Uninformed sources told me that a guys who built a real estate empire from scratch and has been on Forbes 400 for 3 decades is like dumb or something
From scratch? Are you on drugs? That is daddy’s company that was worth close to a billion dollars in today’s money that he is over.
From scratch? That is the funniest thing I have read I a long time.
Amazing how ill-informed people are, and you are still allowed to vote
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His Daddy was a middle and low market developer and gave Donald maybe $1 million, not $1 Billion. Fred Trump never dreamed of converting the bankrupt Commodore Hotel to a Hyatt or developing Trump Towers on the site formerly own by Tiffany.
The million was just the money his daddy gave him in cash, the business was worth way more than that. It was worth about $200 million when he took it over in 1971. Which in today's dollars is about a billion.
What's your point? Fred and Donald were related, got it. Are you saying Fred Trump converted the Commodore Hotel or developed Trump Tower?
I am saying that Trump did not start anything from "scratch" as you falsely claimed.
Early Donald Trump was able to do what he did because of his daddy's reputation and his daddy's contacts, oh and the money and business that he was handed.
Uninformed sources told me that a guys who built a real estate empire from scratch and has been on Forbes 400 for 3 decades is like dumb or something
His father, Fred Trump, built that real estate empire and hired little dumbfuck Donnie as soon as he got out of college.
From there Donnie went bat shit, invested in everything from an airline to Atlantic City casinos and promptly went broke in the 1990s, then filed for six bankruptcies.
So after that, Daddy had to co-sign notes and mortgages for little Donnie until he died in 1999, wherein Donnie inherited Fred's business.
But what saved his ass after losing almost $1Bn was Mark Burnett.
Who's that you ask? The guy who had the idea for "The Apprentice" which made Trump a TV star so he could grab women by the pussies and sell his name to anyone who wanted name-recognition for their sleaze operations like hotels in Panama where drug cartels launder their money.
That's your lesson in reality for today, Frank.
Trump worth $1B a decade before his Dad passed away
Newsday - The Long Island and New York City News Source
That was before he lost it all in Atlantic City - twice.
He didn't "lose it all" in AC. You need some math and common sense