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$55 million. everybody else lost, it goes bankrupt, trump walks away with somewhere between $30 million and $50 million. everybody else lost and trump earned $30 million to $50 million. how? a big part of the answer, licensing. the way it works is somebody else decides to build a building and they say if i put trump s name on this i m going to sell these condos. trump, we ll pay you a fee to put your name on it. welcome to those trump buildings in panama, toronto, soho and baja, mexico, all licensed properties. donald trump started licensing his name around the turn of the century because it was easy money. he didn t have access to borrow capital from the banks anymore because of all the failures in businesses the banks lost money on. here was an opportunity to sign your fame and get paid up front. who made deals with trump? ....
Like 400 towers were built at the same time as this one and 399 of them made money. marco and robert crib of the toronto star partnered with columbia s journalism school to investigate what happened at the trump building in toronto. everyone lost money except for trump. that is ultimately the main revelation that we walked away with. everyone lost money, but trump. it s the bottom line. again and again. he gained, others lost. take panama. how much did he make? he made, from what we can tell, piecing together fragments of financial information from different places, including the panamanian securities office, probably between $30 million and ....
Be like how could this have happened? trump ocean resort baja, mexico was never built, construction never got beyond this, a giant hole in the ground. so there s my hole. that s what i bought, my hole. the failure of trump ocean resort baja, mexico was among several trump buildings that failed in the early 2000s. two projects planned for florida, also failed. the soho hotel, it went bankrupt. so did buildings in panama and toronto. most people in the city when that tower went bankrupt sort of that you canned it up to the global financial crisis, selling condos at a bad time. but a lot of people were building condos during the global financial crisis and none of them went bankrupt. ....
Losses. and there were big losses. dw deposits lost and no buildings completed in baja, fort lauderdale, and tampa. bankruptcy in panama and soho. in the bankrupt buildings, more allegations of deception. buyers felt the trumps duped them but exaggerating sales figures to close a deal. the best way to make a sale is to convince someone they re buying the last ticket. trump told the star the building was 70% sold. in 2009 his daughter told cbs it was nearly full. we have projects all over the world that are incredibly successful and that are virtually sold out. so from hawaii to toronto to istanbul. bankruptcy papered filed for the toronto property years later told a very different story. years after it opened they still had three quarters of the ....
Bought lot of people with were building condos and none of them went bankrupt. like 400 towers were built at the same time as this one and 399 of them made money e. marco town and robert crib of the toronto star partnered with columbia journalism school to see what happened. everyone lost money except for trump. that is ultimately the main revelation that we walked away. everyone lost money but trump. he gained. others lost. take panama. how much did he make? from what we can tell, piecing together fragments of financial information from different placeinizecluding the ....