From The Personal MBA blog:
Donald Trump is a good businessman? Guess again.
According to the July 6th edition of The New York Times Business Day, a $10,000 investment in Donald Trump’s 1994 IPO is worth approximately $636 today. (Hat tip to Tom Peters for the link.)
In 1994, The Donald had $900 million in personal debt and business debt of $3.5 billion. As a result, Trump skirted the edge of personal bankruptcy several times, and his hotels and casinos holding company emerged from bankruptcy and re-structuring in 2005.
It seems that, in a very real sense, Trump’s “business” is more of a cult of personality than a profit-generating company. Trump has mastered the art of image, but there’s not much backing up his bluster.
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