We all know that Donald Trump is the president of the United States.
But right before he swore into office, he was renowned solely as one of the world’s biggest business tycoons. From hotels and newspapers to airlines and more, the list was endless. However, did you know that not all were a success? Yes, there is a plethora of trump’s failed businesses that truly give financial disasters a new name.
And no matter how much the man brags about his wealth, the truth can’t be denied. Moreover, he’s definitely got the brainchild. The way he used his businesses as the center point for his election campaign is commendable. But we guess all good things must come to an end. Meanwhile, rest in peace to all those votes he gathered because of his keen business potential.
Nevertheless, it’s time to take a look at the top 8 Donald Trump’s failed businesses list. And trust us when we say, it’s truly worth your while!
Trump Airlines
If you think airlines are the most profitable industry, you just might want to think again. And that’s because this is the ultimate example of what it looks like when things go wrong.
Yes, Donald Trump isn’t too happy because his initial investment worth $245 million just couldn’t pick up the pace. We’re talking the epitome of luxury in the form of gold-themed bathrooms and custom flying routes. But it seems like America’s airline industry is already doing too well to accommodate this company.
Within one year, it stumbled greatly. Moreover, it just couldn’t generate enough returns to pay for the initial loan. In the end, it was deep financial trouble.
Trump Beverages
While Trump Ice might be called as one of the purest natural drinking waters of the world, there’s more than meets the eye.point 379 |
Despite getting assistance from a third party, the bottled drinking water company didn’t perform as well as expected.point 106 | Next, they decided upon introducing two more non-alcoholic drinks.point 164 | 1
Although titled as pure fruit juices, customers couldn’t be bothered. In the end, it sank like a ship in the deep blue sea.
Trump: The Game
Another example of Trump’s failed businesses- this one teamed up with partner Milton Bradley.point 217 |
Sadly, it only sold around 800,000 copies.point 36 | And that was less than half of the original thought out 2 million company units.point 102 | Above all, Trump knew from the start that the game had a shady outlook and it just might be too complicated in the end.point 198 | 1
If only he had worked a little harder on the thought process, we’d probably see a different picture all together today.
Trump Casinos- trump failed businesses at its best
The business tycoon’s Atlantic side properties house the famous Trump Casinos. But as the old saying goes, it’s truly more than meets the eye. From the Taj Mahal themed one to the Marina one too- they just couldn’t survive the cut-throat competition of the gaming world.
Hence, the company filed for bankruptcy with a debt burden worth around $1.8 billion. Above all, the new US president stepped down as chairman of the project altogether.
Trump Magazine
Launched in 2007, the magazine failed to capture the glory of the advertising world. Trump’s original idea revolved around minting in cash so that he could pay for his other high-end luxury commodities. Sadly, none of his ideas worked and the company just couldn’t survive its financial crisis.
Trump’s Travel Website
GoTrump.com spells disaster of all kinds. The website was related to travel bookings of all kinds. However, experts say that the ‘vanity site’ just wasn’t cut out to make a mark. Meanwhile, it was supported by low expectations that failed to generate any real income for the brand.
Trump Steaks
It wouldn’t be wrong to say that Trump Steaks sold almost no steaks.point 195 | Yes, that’s how bad things actually got for the business tycoon.point 255 |
Many knew that it was doomed from the start and that’s after they struck a deal with Buckhead Beef.point 87 | And it’s safe to say that it was a poor business decision from the beginning.point 156 | 1
Trump Tower Tampa- Trump’s failed businesses
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Standing at around 52 stories high, Trump tower Tampa was not a pure Trump invention.point 186 | He merely went on to sell his name out to the developers at a whopping $2 million for a project worth $200 million.point 279 |
While initially, it did well, the project soon filed for bankruptcy with plenty of legal matters involved in the middle.point 101 | 1
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