Over the past 10 years, Trump's business has lost up to Rp. 16 Trillion
US President Donald Trump is considered a successful businessman. But in 10 years, he lost 1.17 billion US dollars or around Rp 16 trillion. The losses incurred by Trump in 1985 to 1994 were revealed by tax reports obtained by the New York Times. Quoting from Bloomberg, Wednesday (8/5/2019), the loss was due to the failure of a business agreement.
According to the AFP news agency, Trump's tax report from 1985 showed that he experienced a loss of 46.1 million from his main business, which consists mainly of casinos, hotels and retail in apartment buildings. Over the next 10 years, Trump's business continued to lose money at $ 1.17 billion in losses through 1994. Trump's tax report came a day after US Treasury Secretary Steven Mnuchin rejected a request by Democratic lawmakers to open Trump's tax report. Mnuchin considered it did not have a logical purpose, thus threatening the privacy of taxpayers. "I tell you now, the ministry may not be able to comply with the committee's request," he said in a letter to the Chairman of the Committee in the US House of Representatives Richard Neal. Al Jazeera reports that Trump lost so much money that he tried to avoid paying income taxes for 8 of those 10 years. So far, there has been no immediate comment from the White House on the New York Times report. Last year, Trump's net worth fell to $ 100 million or around Rp. 1.3 trillion.
Based on data from Bloomberg, Trump's wealth is 2.8 billion US dollars, or Rp 38.8 trillion, or the lowest since his presidential campaign. The calculation of wealth in the Bloomberg Billionaires Index is based on information from lenders, annual reports, property assets, market data, and Trump's wealth report on May 16, 2018.Trump's wealth has declined for the second year in a row, partly due to falling income on property and on the ground. golf.
Bankrupt, Donald Trump Casino Complex is torn down with 3,000 dynamite
Donald Trump's luxury casino complex in Atlantic City, which went bankrupt, on Wednesday (17/2/2021) was torn down with 3,000 sticks of dynamite. The detonator button was pressed shortly after 9:00 a.m. local time, leaving the Plaza Hotel and Casino to rubble in just a few seconds. The casino, which has been closed since 2014, is Trump's main property in the US coastal gambling city, where he owns several properties.
The casino complex opened in 1984, but since closing there has been little or no maintenance, according to an AFP report. Then when hit by a storm, several times the exterior fell into the pedestrian area adjacent to the side of the building.
Since 2016 the two-building complex has belonged to billionaire investor Carl Icahn, who is one of Atlantic City's top financiers. Then in mid-June last year Atlantic City Mayor Marty Small announced the demolition of the building, after taking legal action against what he considered endangering residents.
Icahn has yet to reveal what to do with the land after the casino complex is destroyed. Trump filed a lawsuit in 2014 asking for his name to be removed from the building, saying it was bad for Trump's name and brand. The real estate tycoon owns at least four casinos in the northeastern US gambling capital. Apart from Trump Plaza there is also the Trump World's Fair which closed in 1999, Trump Marina, which was sold by creditors in 2011, and the Trump Taj Mahal which closed in 2016. The Trump Entertainment Resorts subsidiary that runs the former US president's property in Atlantic City, has been declared bankrupt three times. namely in 2004, 2009 and 2014 due to mounting debt.
