In a recent appearance that Donald Trump made, he said, “The world is in trouble, but we’re going to straighten it out. That’s what I do, I fix things.”
However, when it comes to his business empire, it’s quite the opposite as the real estate mogul, more often than not, has been quite unlucky in his business ventures.
Despite his claims of being a self-made businessman, the truth is Trump got a considerable head start in business because of his father. On various occasions, he has talked about his business successes but we will take a look at some of the missteps that he has made in his business career.
In October 1988, Trump purchased planes and routes of Eastern Air Shuttle. Just after two years of its launch, he realized the airline wasn't making enough money. Therefore, he ultimately defaulted the airlines, surrendering its ownership to his creditors.
In the same year, Trump released “Trump: The Game,” a Monopoly-like board game. Unfortunately, the game sold only 800,000 copies, much less than expected. Just a year later, the business mogul was forced to take the game out of circulation.
Recently, Trump complained on a television channel, “The problem with our country is we don't manufacture anything anymore. The stuff that's been sent over from China falls apart after a year and a half. It's crap.”
But his own clothing line is made in … China.
Donald J. Trump Signature Collection. 100% Linen. Made in China.— (((Mike Isenberg))) (@misenber01) August 28, 2015
The entrepreneur has also tested his luck in the education sector. In 2005, he opened the non-accredited, for-profit, Trump University. Students at the "university" paid for wealth-building seminars but in 2013, the New York Attorney General Eric Schneiderman sued Donald Trump and his so-called university for allegedly defrauding students.
After these awful ventures, one can only hope the president does not end up bankrupting American as well.
Banner and thumbnail credit: Reuters, Gary Cameron