Trump has lost more than $ 1 billion in ten years

The former businessman and current US president Donald Trump lost $ 1.17 billion in ten years: from 1985 to 1994.
Trump’s losses were caused by the core business of hotels, casinos and real estate. The businessman himself talked about this during the election campaign of 2016 and wrote off the difficulties as a result of the recession that began in 1990. Indeed, in 1990 and in 1991. the entrepreneur claimed a loss in excess of $ 250 million, which is twice as much as any other IP declared at the time.
But The New York Times found that the problems in the Trump business empire began much earlier. In particular, in 1985, he declared a loss of $ 46.1 million. At the same time, as the newspaper writes, during eight of the above ten years, Trump was able to avoid paying income tax.
During the election campaign, Trump appeared in the form of an entrepreneur who made himself. He even said that in 1987 he published the book "Trump: The Art of the Deal". The US president has also repeatedly said that his fortune exceeds $ 10 billion. According to Forbes magazine’s estimates for March, the total value of Trump’s assets is about $ 3.1 billion.
After being elected as president, Trump handed over his business to the children. During the election campaign, he announced his intention to publish tax returns but did not.

The information above cannot be considered as an investment advice and past results do not indicate future performance.
**Investors should have experience and understand the risks of losing all the initial investment.
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