Donald Trump

Categories: News | Business & Finance | Entrepreneurs

  • Donald Trump is a Real estate mogul, author and television personality. In September 2008, Forbes estimated Trump to be worth $3 billion.Forbes: #134 Donald Trump (September 17, 2008)

    On February 17, 2009, Trump Entertainment Resorts Inc. filed for Chapter 11 bankruptcy. Trump and his daughter Ivanka Trump resigned from the board on February 13, 2009. In addition, nine associated companies including Trump Taj Mahal Associates, Trump Marina Associates and Trump Plaza Associates filed for bankruptcy protection.CNN Money: Trump Casino Group in Bankruptcy (February 17, 2009) PerezHilton reported on February 20th that Trump Entertainment Resorts' stocks are being removed from the NASDAQ.PerezHilton: Trump Kicked Off The NASDAQ (February 20, 2009)

  • Deutsche Bank Lawsuit

    Deutsche Bank filed suit against Donald Trump in late November 2008 claiming that he was in default in the amount of $40 million on a $640 million construction loan obtained from the bank. Trump borrowed the money for the construction of Trump International Hotel & Tower located on the Chicago river.PerezHilton: Donald Trump Screwed Sued (December 1, 2008)

  • Real Estate

    Known for his business savvy and outspoken demeanor, Trump owns and has developed luxury apartments, hotels and casinos all the world over. To date, Trump has established properties in New York, Mexico, Dubai, Las Vegas and Atlantic City, among other locations.

  • Bankruptcy

    Despite some financial difficulties for some projects in 1992 and 2004, during which he had to file for Chapter 11 Bankruptcy, Trump remained an influential businessman. In 2008, Forbes listed his wealth at an estimated $3 billion.Forbes: #134 Donald Trump (September 17, 2008)

    In February 2009, Trump Entertainment Resorts filed for bankruptcy in U.S. Bankruptcy Court in New Jersey. Just days prior to the filing, Trump and his daughter resigned from the board.FOXNews: Donald Trump's Casino Group Files Bankruptcy (February 17, 2009)

  • Entertainment

    Aside from making sporadic appearances as himself in films and television shows, Trump hosts the reality series The Apprentice, where contestants perform various business tasks in the hopes of running one of Trump's properties. Whenever a contestant fails to meet his standards, he excuses them from the competition with his trademark slogan, "you're fired."

    His public persona has become the target of some critics, including Rosie O'Donnell, who Trump publicly feuded with in late 2006.

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