Trump’s Fortune In Danger?

By Davie Barret
00:15, December 3rd 2008
35 votes
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Donald Trump is maybe one of the most well known faces on earth, representing the power to build up an entire financial empire from scrap. Donald Trump is also very well known for hosting The Apprentice, a TV show that selects one business man from a number of people; Trump is also well known for his luxurious lifestyle and pride.

The notorious businessman once sued the author of a book who estimated his fortune in merely millions of dollars, instead of billions. The financial crisis is affecting all of us, including Donald Trump, whose empire has started shaking a bit.

Donald Trump is being sued by Deutsche Bank for not making a $334 million payment at time, for his hotel in Chicago which is half built and it is planned to be taller than the Empire State Building. Donald Trump has called his lawyers claiming that a financial crisis is the equivalent of force majeure, or to acts of God.

Unfortunately, this is not the only project that is facing some problems as his $1 billion golf course that was supposed to be built in Scotland, and for which Trump fought for a long time, has no signs of actually starting to be built.

The financial crisis is strong and has started affecting the wealthiest people on earth. This was bound to happen as their excessively luxurious lifestyles and bold projects just don’t fit with today’s financial reality. Among millionaires that are facing some problems we can mention Rupert Murdoch, Oleg Deripaska and Donald Trump.



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