Friday, December 9, 2011

Donald Trump...Not So Rich

Donald Trumps Empire has files for bankruptcy FOUR times! The Trump Corporation filed for chapter 11 bankruptcy in 1991, 1992, 2004, and 2009. They filed in order to cut down debt and in hopes of negotiating with banks. In 1991 filing bankruptcy resulted in Trump selling his yacht, private airplane, and giving half of his ownership of the Taj Mahal Casino in Atlantic City to the bank as payments. Donald Trump, one of the richest people in the world, in total owned more than $7,490,000,000.

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