rump’s Business Ventures & Failures in Detail

byRainer Hofmann

June 14, 2025

“This overview, developed by us, clearly reveals the qualifications that Donald Trump does not possess – and yet, he is President of the United States. If that doesn’t set off alarm bells, what will?”

“Most people are likely aware of this. But what also becomes visible in this article behind the short political résumé?”

Donald J. Trump
Position: President of the United States
Biography:
45th and 47th President of the USA, businessman, reality TV star. Returned to the White House in 2025 after an unprecedented election period. His political career is marked by populism, nationalism, and legal controversies.
Views:
America First, isolationism, rejection of institutions like NATO and the UN, radical immigration and economic policy. Opponent of "wokeness," diversity programs, and climate protection.
Scandals:
Trump was criminally indicted in 2023 on multiple counts, including election interference and mishandling classified information. He has a conviction for falsifying business records. Additionally, he was impeached twice and remains entangled in various legal disputes.

✅ Fact Check:

Business / Project
Status / Evaluation
Details

Trump Airlines (Trump Shuttle)
❌ FAILED
In 1989, Trump purchased the Eastern Air Shuttle for $365 million, largely financed through debt. Luxurious features like gold fixtures and carpets failed to attract new customers. In 1992, the airline was surrendered to US Airways under bank pressure.

Trump Casinos
❌ FAILED
Trump Taj Mahal, Trump Plaza, Trump Marina – all filed for bankruptcy. Trump’s casino empire (Trump Entertainment Resorts) filed for bankruptcy four times between 1991 and 2009. Investors lost hundreds of millions of dollars.

Trump Mortgage
❌ FAILED
Founded in 2006 – right before the financial crisis. The CEO was a former DJ with no banking experience. Effectively shut down in 2007. Trump claimed it would become “the world’s biggest mortgage company,” despite no relevant expertise.

Trump University
❌ FAILED & ILLEGAL
Sued for fraud. It was a non-accredited “seminar program.” In 2016, Trump paid $25 million in damages. A judge called it “systematic fraud against retirees and low-income individuals.”

Trump Vodka
❌ FAILED
Launched in 2006 with heavy marketing (“Success Distilled”), but poor sales led to production being halted by 2011. The Russian market, which Trump had targeted, rejected the product.

Trump Steaks
❌ FAILED
Sold exclusively through Sharper Image – the partnership ended quickly in 2007 due to what the retailer called “catastrophic” sales.

Trump Magazine
❌ FAILED Luxury glossy magazine launched in 2006 – disappeared by 2009 due to lack of advertisers.

Trump Water / Ice
⚠️ DISPUTED / NICHE PRODUCT Marketed as “Trump Ice,” sold mostly in Trump-owned hotels. No significant market presence.

Trump Foundation
❌ DISSOLVED & ILLEGAL
Shut down by the New York Attorney General. Trump used foundation funds for personal expenses. A court ordered him to pay $2 million for “illegal self-dealing.”

GoTrump.com
❌ FAILED
Travel search engine (2006), existed only briefly – drew few users.

Trump Tower Tampa
❌ FAILED
Planned luxury skyscraper, never built. Investors sued Trump.

Trump: The Game
❌ FAILED
Board game (1989, rebooted in 2004), quickly pulled from shelves due to lack of interest.

Trump Network (Vitamin-Multi-Level-Marketing)
❌ FAILED
Launched in 2009, sold in 2011 and discontinued.

Trump Hotels in Baku, Toronto, Panama
❌ FAILED + CORRUPTION ALLEGATIONS All projects were terminated or sold, often involving lawsuits or political scandals.

China Connection
⚠️ DISPUTED
Despite harsh rhetoric, Trump maintained bank accounts in China and actively pursued trademarks there – 38 Chinese trademarks were granted during his presidency.

Bankruptcies
❗ MULTIPLE – At least 6 documented At least six bankruptcies: 1991 (Trump Taj Mahal), 1992 (Trump Plaza Hotel), 2004 (Trump Hotels & Casino Resorts), 2009 (Trump Entertainment Resorts). Trump claims he was simply “playing the system.”

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