MTL - The Growth of the Richest Man-Chapter 163 sturdy 1st life
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The character of the old man Trump is quite similar to that of an old friend of Zhang Yong, Wang Congcong. Moreover, the more similar point is that the fathers of the two are both well-known real estate developers. The experiences of the two people in the early stage are also very similar, except that Trump is much older and has already gone through the steps of his father Fred's retirement. As early as several decades ago, he has completely inherited it. to his father's real estate company and all his property.
However, the experiences of the two are also somewhat different. Wang Congcong was his father who gave him a sum of money to invest and develop himself. Wang Congcong also has little interest in real estate. The projects he invests in are all entertainment projects, and he has never been directly involved in real estate development. Trump graduated from the military school and worked with his father in the company where his father worked, helping his father complete the last project during his father's administration. In 1977, Trump's eldest son was born, and he also successfully took over his father's real estate company. When Trump became rich, he behaved quite the same as Wang Congcong. He used the extra money to invest in some entertainment projects, and his favorite entertainment projects were TV entertainment programs and casinos. . .
However, Trump is indeed very talented. He is very cunning enough to help companies get tax cuts. However, he is very arrogant, especially likes to be blamed, and speaks very meanly (now, too, people who like to follow his Twitter must feel this way).
However, when he was young, he also had a lot of salacious manipulations. Trump likes to be famous, but it is not easy to become famous in the normal way. There are too many real celebrities. Compared with these people, no matter how well Trump does, it is not easy to become famous. He came up with a coquettish idea. In order to engage in public relations, build the reputation of Trump's brand, and make himself famous. Trump registered a frequently used pseudonym - John Byron, and called magazines and reporters. "self-black".
The fake "John Byron" frequently revealed to gossip reporters various scandals about the real Trump: not paying back money, engaging in female **** stars, and so on. At the beginning, the reporters liked this kind of revelations, but as the revelations increased, the reporters got a little impatient and began to question who this "John Byron" was. This kind of hype, like the current entertainment star, Mr. Trump played very successfully by himself decades ago. With various gossip scandals, he dominates the headlines of the entertainment industry every day as a romantic president. Compared with Uncle Trump, it seems that all kinds of traffic stars such as Bingbing, Beast Beast, Lulu, etc., have to call Trump a grandfather!
But this kind of trickery is also useful. This kind of behavior laid a huge foreshadowing for him to establish an image in the future. When the bank saw that he was so rambunctious, he must be very rich, so they were very relieved to hand over the huge loan to him. Trump also began to brag about being a super-rich person with a net worth of more than one billion dollars. Although he was picked up by a real entertainment reporter this time, his actual net worth at that time was only more than 100 million US dollars. However, Trump is picked up by others every day anyway, this time the real news is picked up, but no one can do it.
But a fake is a fake. Although Trump's father is rich, he is a regional real estate developer, not a national-level big developer like Wang Congcong's father. When he encountered financial difficulties, his father could not help him. What's more, Trump's father, who handed over the company to Trump a long time ago, enjoys his retirement!
In 1991, this was the first time that Trump's billionaire net worth ushered in bankruptcy. This time it hit him very hard. He invested $1 billion in the Taj Mahal casino built in Atlantic City, which opened in 1990. A year later The casino already had debts of nearly 3 billion. At this time, Trump already had a personal business of about 900 million US dollars. He had to give up half of his personal shares in the casino and sold his yacht and airline.
Trump spent $1 billion in Atlantic City to build the world's largest casino at the time: the Taj Mahal. It is simply "suffocating for the dream" of copying the fake drug. He wants to monopolize the entire Atlantic City gambling business. The shareholders who bought LeTV are probably quite familiar with this formula. However, from the time point of view, it is the fake medicine that stopped copying Trump.
The step is too big, but the next step is pulling the egg. On the opening day of the Taj Mahal, a capital embarrassment floated in the air of the lavish casino, and the slot machines were actually broken. All kinds of negative news and the continuous loss of the Taj Mahal crushed Trump's already very tight capital chain. He not only cheated the contractors of the Taj Mahal, but also all the ordinary people who lent him money through bonds. , he is still not up.
The participants lost all their money, and at this time Trump blamed all the blame on the partner who was involved in the plane crash. The cunning businessman faced bankruptcy for the first time. In the end, Trump had to rely on his father's multi-million dollar pension~www.novelbuddy.com~ to keep the Taj Mahal "surviving".
If you were someone else and owed more than $3 billion in debt, you might not be in too much debt, just be an invisible old man. But Trump sold a lot of the buildings he named himself, and he has been pretending to be rich - participating in talk shows, talking about politics, talking about diplomacy, talking about female stars, and continuing to maintain exposure. However, the advantage of doing so is that he gained the trust of investors again, got a lot of investment and bank loans, and survived the first bankruptcy crisis.
. . . . . .
After slowly gaining money, Trump wavered again, and then ushered in his second bankruptcy crisis. As soon as he had money, Trump invested in Trump Castle, which is also a casino. This time he has made a bankruptcy plan, *** gave up half of the casino's shares, and lowered the bond interest rate of 338 million US dollars.
The third bankruptcy was Trump Plaza, which Trump invested in in his early years. Because a large number of new commercial centers have arisen nearby, the cash flow of this old-fashioned commercial center has declined significantly, and Trump had to file for bankruptcy.
The fourth bankruptcy was a hotel opened by Trump. The occupancy rate was too low, and it lost money year after year, so Trump filed for bankruptcy once. In this hotel with bad feng shui, the equity was transferred to the bank that loaned him. , let the bank be the landlord.
Five years ago, Trump experienced his fifth bankruptcy...
Every bankruptcy can turn the billionaire real estate tycoon Trump into a negative Trump in an instant. Zeng recently, Trump owes $200 million in interest each year alone. Even after Trump became a big loser, his wife also ran away. However, Trump always relies on his articulate mouth to persuade investors again and again to trust him again. . . . . .
This time, Trump will face his sixth bankruptcy.
