The new president of the United States decisively defeated the Democratic party and that is why we review his career.
The president of the United States, donald trumpobtained a resounding victory over his opponent Kamala Harris after a problematic government by the former president Joe Biden. He arrives as number 47 in the history of the country, and has a career as a private businessman that is admired by many around the world.
This time it will be the second time he governs the country with the most important economy in the world. But not everything was rosy in his history, there were companies that suffered bankruptcies because of him, both in his work as CEO, and in his experience during the first time he was president.
donald trump
The 6 companies that went bankrupt during Donald Trump’s administration
Although until he became president for the first time, he seemed like a totally successful businessman, without any type of financial losses, when he came to power, he had no other alternative than to truly demonstrate the balance sheets that each and every one of his companies had. companies, which removed the veil of perfection and demonstrated unexpected results, with numbers that apparently were not real.
The most punished companies were hotels and casinos, although his personal brand continued to grow during his political work.
Hotel Plaza New York
It is an iconic place in the best-known city in the world and which Donald Trump got rid of in 1992 after declaring bankruptcy. The property was in his charge for four years and was purchased by the businessman for 390 million dollars.
Trump Hotels & Casino Resorts
It included properties in Atlantic City, filed for bankruptcy in 2004. The company faced financial problems due to high levels of debt and low profitability in the market.
The Taj Mahal
One of its most iconic casinos in Atlantic City also went bankrupt. Although Trump inaugurated it with great expectations, it failed to be sustainable and closed in 2016.
Trump Plaza
Another of its casinos faced the same fate in 2014. Despite attempts to keep it operational, constant losses led to its permanent closure.
Trump Castle Associates
After having several moments of turbulence, this other property achieved bankruptcy after going into debt and having few assets. This casino was also part of the businesses that entered under Chapter 11 of the United States Bankruptcy Law.
Trump Entertainment Resorts:
This company replaced the others focused on the casinos in the city of Atlantic City that had already gone bankrupt. The objective was to regain the relevance of these businesses, but it failed as it declared bankruptcy. According to what was said at the time, this drop was due to the economic recession of 2008.
Source: Ambito
I’m a recent graduate of the University of Missouri with a degree in journalism. I started working as a news reporter for 24 Hours World about two years ago, and I’ve been writing articles ever since. My main focus is automotive news, but I’ve also written about politics, lifestyle, and entertainment.
