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Wednesday, August 17, 2016 6:07:54 PM
How Donald Trump cashes in even when his name-brand properties fail
.. as you know he makes cash for sitting on his ass, just by lending his name ..
Trump takes campaign to the border
The GOP candidate visited Laredo, Tex., maintaining his hard-line rhetoric on illegal
immigration with a border crossing as a background.
By Tom Hamburger and Rosalind S. Helderman July 23, 2015
The Trump International Golf Club in Puerto Rico boasts lush tropical grandeur, breathtaking ocean views and a PGA-caliber course offering players an “incomparable touch of Trump.”
But in recent years the resort has struggled, taking on tens of millions of dollars in debt. Last week, it filed for bankruptcy. The failure threatens to cost the island’s taxpayers, as the project was financed with millions in government-backed bonds. Its 90 or so employees face an uncertain future.
Yet for Donald Trump, the deal was a total winner.
He put no money down but took a cut of the annual revenue — mostly for allowing the resort to bear his name.
“We made many millions of dollars on it but never invested a dime,” said Trump’s son Eric, an executive in the Trump Organization.
Cutting ties with Trump: Who has dumped him and why
Continued .. https://www.washingtonpost.com/politics/how-donald-trump-can-make-money-even-when-trump-branded-properties-fail/2015/07/23/1ff64854-2ef1-11e5-8353-1215475949f4_story.html
.. as you know he makes cash for sitting on his ass, just by lending his name ..
Trump takes campaign to the border
The GOP candidate visited Laredo, Tex., maintaining his hard-line rhetoric on illegal
immigration with a border crossing as a background.
By Tom Hamburger and Rosalind S. Helderman July 23, 2015
The Trump International Golf Club in Puerto Rico boasts lush tropical grandeur, breathtaking ocean views and a PGA-caliber course offering players an “incomparable touch of Trump.”
But in recent years the resort has struggled, taking on tens of millions of dollars in debt. Last week, it filed for bankruptcy. The failure threatens to cost the island’s taxpayers, as the project was financed with millions in government-backed bonds. Its 90 or so employees face an uncertain future.
Yet for Donald Trump, the deal was a total winner.
He put no money down but took a cut of the annual revenue — mostly for allowing the resort to bear his name.
“We made many millions of dollars on it but never invested a dime,” said Trump’s son Eric, an executive in the Trump Organization.
Cutting ties with Trump: Who has dumped him and why
Continued .. https://www.washingtonpost.com/politics/how-donald-trump-can-make-money-even-when-trump-branded-properties-fail/2015/07/23/1ff64854-2ef1-11e5-8353-1215475949f4_story.html
It was Plato who said, “He, O men, is the wisest, who like Socrates, knows that his wisdom is in truth worth nothing”
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