Trump loses majority stake under company's Chapter 11 plan
08-10-2004, 12:48 PM
#1
500 Watt CAFz'r
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Join Date: Jan 2004
Posts: 609
I know this is a day old - but Donald Trump amazes me..
1980 - New York’s hottest developers
1990 - Flat broke over divorce of Ivana
1997 - Return to billionaire status
Present - Loosing money once again facing down the barrel of chapter 11..
it can be seen here
http://www.msnbc.msn.com/id/5659043/
1980 - New York’s hottest developers
1990 - Flat broke over divorce of Ivana
1997 - Return to billionaire status
Present - Loosing money once again facing down the barrel of chapter 11..
it can be seen here
http://www.msnbc.msn.com/id/5659043/
08-10-2004, 12:57 PM
#2
Err.. you'll notice that it's not Donald that is going bankrupt.
It's just the Casino part of his empire, which he says is less than 2% of his net worth.
In fact... this is from the article.
“There’s no danger of him personally losing his fortune (because) his other enterprises are shielded because he’s segregated his holdings,” Sabino said. “He’s a master at deploying his assets in such a way that he s the risk and minimizes his exposure.”
Still interesting though. [img]graemlins/thumb.gif[/img]
It's just the Casino part of his empire, which he says is less than 2% of his net worth.
In fact... this is from the article.
“There’s no danger of him personally losing his fortune (because) his other enterprises are shielded because he’s segregated his holdings,” Sabino said. “He’s a master at deploying his assets in such a way that he s the risk and minimizes his exposure.”
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