Description
Donald Trump has had 6 bankruptcies and the number of his business failures is a whooping 19. With all the chaos the loss of our close friendships with Australia, Canada, all of the EU and Mexico, it seems we are at risk of lots of bad outcomes for our country in the decade ahead.
Here is a list of business failures and bankruptcies:
🏢 Bankrupt/Failed Businesses (Primarily Chapter 11 Reorganizations)
- Trump Taj Mahal (1991)
→ Casino in Atlantic City, overleveraged, filed for bankruptcy. - Trump Plaza Hotel (1992)
→ New York hotel filed for Chapter 11; Trump gave up a 49% stake. - Trump Castle (later Trump Marina) (1992)
→ Casino faced financial issues, filed for bankruptcy. - Trump Plaza Casino (1992)
→ Separate Atlantic City property, also filed for bankruptcy. - Trump Hotels & Casino Resorts (2004)
→ Parent company of several casinos; filed for Chapter 11. - Trump Entertainment Resorts (2009)
→ Casino holdings filed for bankruptcy again amid declining revenues.
✈️ Other Business Failures (that shut down or flopped)
- Trump Shuttle (1989–1992)
→ Airline venture failed due to debt and weak profits; surrendered to lenders. - Trump Vodka (2006–discontinued ~2011)
→ “Success Distilled” slogan didn’t land; low sales, branding issues. - Trump Steaks (2007–2008)
→ Sold via Sharper Image; failed due to poor distribution and high prices. - Trump Magazine (2007–2009)
→ A luxury lifestyle publication that folded during the recession. - Trump Mortgage (2006–2007)
→ Launched right before the subprime mortgage crisis; closed quickly. - Trump Ice (bottled water)
→ Marketed as luxury water; faded out due to poor demand and competition. - GoTrump.com (2006–2007)
→ Travel website aggregator; failed to attract significant traffic. - Trump University (2005–2010)
→ For-profit education company; shut down after lawsuits alleging fraud. - Trump Network (2009–2011)
→ Multilevel marketing company selling health supplements; collapsed quickly. - Trump Institute
→ Affiliate of Trump University offering seminars; also embroiled in lawsuits. - Trump Tower Tampa
→ Real estate project that never materialized; lawsuits followed. - Trump Baja (Mexico)
→ A resort development that collapsed before construction finished; lawsuits ensued. - Trump Beijing Penthouse
→ Project marketed with Trump branding but faced legal and regulatory problems in China.
