Quote:
Originally Posted by Guest
Here's another W2 Biz genius,
you know all the corp structures of his 515 business?
Privately held corps can and most do have shareholders.
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Actually you are VERY wrong....
"The Trump Organization (formerly Elizabeth Trump & Son) is an American privately owned international conglomerate based in Trump Tower in Midtown Manhattan, New York City. It serves as the principal holding company for Donald Trump's business ventures and investments. It is owned and managed by Donald Trump and his three eldest children—Donald Trump Jr., Ivanka Trump, and Eric Trump—serving as EVPs within the organization.[5]
The Trump Organization - Wikipedia, the free encyclopedia
The only company he had that was taken public was Trump Hotels and Casinos and it went belly up.
"It was promoted as the chance of a lifetime: Mom-and-pop investors could buy shares in celebrity businessman Donald Trump’s first public company, Trump Hotels and Casino Resorts.
Their investments were quickly depleted. The company known by Trump’s initials, DJT, crumbled into a penny stock and filed for bankruptcy after less than a decade, costing shareholders millions of dollars, even as other casino companies soared.
In its short life, Trump the company greatly enriched Trump the businessman, paying to have his personal jet piloted and buying heaps of Trump-brand merchandise. Despite losing money every year under Trump’s leadership, the company paid Trump handsomely, including a $5 million bonus in the year the company’s stock plummeted 70 percent."
As its stock collapsed, Trump’s firm gave him huge bonuses and paid for his jet - The Washington Post
As you read, note the "con" "scam" aspect that runs throughout along with the poor slobs who lost their life savings while he just got richer.
As he said about running for President....if I dont win I will still be rich. Always about HIM