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No.Oh, he’s sitting in the White House. And it is still unclear whether it will voluntarily leave or if it will eventually have to be carried out by armed units. But what is certain is that Donald Trump will no longer be president of the United States from January 20 next year and will have to look for another job. It shouldn’t be hard for him, after all, he still owns his own business empire. And this urgently requires more attention.
Because in terms of business, the four years have not been a success for Trump. Rather, it is likely that it has lost around a third of its assets. But now there are plenty of opportunities to catch up with this setback – and perhaps more. There are various profitable deals on offer. However, a completely different player could interfere with him: the New York prosecutor’s office.
Trump primarily owns real estate, much of it in New York, but he also owns golf courses, a winery, and has licensed his name to projects around the world. All this has remained to him, but his value has partly suffered. Trump himself said last year that the presidency “could probably cost him three to five billion dollars”.
That might be an exaggeration, like almost everything it says. Because, according to Forbes, he had never owned so much. In 2015, the business magazine estimated his fortune at four billion, but Trump complained: in fact, that was six billion more. “Forbes” currently estimates the property at $ 2.5 billion – which would be a loss of about a third of the 2015 “Forbes” figures.
However many billions that may be, in any case they should be fewer today than four years ago. Trump’s son Eric also complained about this. He has headed the Trump Organization, his father’s holding company, since he was president. Asked by the “New York Times” about the state of affairs, Eric replied, “We’ve made huge sacrifices in recent years,” which seems a little bizarre considering the fact that millions of Americans get jobs and hundreds of thousands get their lives. due to the Pandemic.
The dent in business was mainly due to the fact that the Trump Organization made a commitment early in the presidency not to do business overseas. In addition, an ethics consultant was appointed to evaluate household activities.
Abandoned expansion plans in China
As a result, not a single new hotel project has since been tackled, the plan to build a low-cost hotel chain has been abandoned, and expansion plans in China have been abandoned. Existing businesses barely grew or even shrunk. For example, profits at Chicago’s Trump Hotel from 2015 to 2018 fell from $ 16.6 million to $ 1.8 million, the Washington Post revealed.
One of the reasons is its low popularity in large cities. For example, Trump owns 17 apartments on the corner of 59th Street and Park Avenue in Manhattan. Their value fell by about a third from 2015 to 2019, while the prices of all other luxury apartments in Manhattan increased by 15% over the same period.
Eventually, Trump no longer appeared on the television show “The Apprentice,” which he said had brought him $ 214 million over the years.
But now the chains are falling, and once the crown pandemic has been banned, nothing stands in the way of renewed expansion. There is also a certain need for this. Because by 2024, Trump will have to repay around $ 900 million in loans. It owes $ 340 million to Deutsche Bank alone.
To get the money, he could mainly bet on selling his name for construction projects of all kinds and collecting license fees. After all, it is quite popular in some parts of the world, and around 70 million Americans have voted for it at home as well.
They might also buy books that he could publish or listen to if he’s a paid speaker. Bill Clinton, for example, made over $ 100 million from speeches alone by 2015, according to Forbes’ calculations, and his books brought him around $ 38 million.
Possible fake resource information
At the same time, Trump may also turn his love of television back into money. Presumably there are already preliminary talks for a Trump-branded media network. This would also be the basis for running again in the presidential election in four years. Or to help one of his descendants, son Eric or daughter Ivanka, enter the White House.
This in turn could, however, hinder business growth plans. This would immediately return to the old ethical issues that could be debunked during the presidency when the Trump Organization practically hibernated on business.
Schließlich droht aber auch noch aus einer anderen Richtung Gegenwind. Die Staatsanwaltschaft von Manhattan geht Hinweisen auf eine Reihe von Finanzvergehen nach, und der Generalstaatsanwalt von New York geht in einer gesonderten zivilrechtlichen Untersuchung dem Verdacht nach, dass das Unternehmen falsche Vermögensangaben gemacht hat, um seine Steuerlast zu senken und günstige Kredite zu erhalten.
Die Trump Organization bestreitet bisher zwar jegliches Fehlverhalten, gibt sich aber auch nicht gerade kooperativ. Sollte sie nun wieder zu einer Geschäftspolitik aggressiver Expansion zurückkehren, könnte dies die Staatsanwälte umso entschlossener machen. In jedem Fall dürfte eines nicht passieren: dass es ruhig wird um Donald Trump.
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