The failure of Trump's DC hotel got me thinking that Trump has never really achieved any success on his own. Trump Tower/Grand Hyatt were done under the auspices of his father. Trump's most valuable assets right now are a minority interest in 2 office buildings in NY/San Fran,
which are actively managed by Steven Roth of Vornado who is in fact a successful businessman. Trump lucked into this investment which he unsuccessfully tried to get out of like an idiot. Everything else Trump has touched has failed miserably. He would be actually destitute
but for several sources of wealth that had nothing to do w/ his business acumen. 1) inheriting/receiving almost half a billion dollars from his parents; 2) falsely portraying himself to be a success on the Apprentice; 3) the aforementioned Vornado/Trump Tower investments.
That being said, I believe Trump is having severe cash flow problems and losing money on just about all of his investments for which he has typically paid too much. His legal, interest, & other expenses are crushing him. He has hard assets which will be
attached/sold when judgments are filed against him but he will be having ongoing problems paying his bills, his PAC grifting notwithstanding. Good.
Time will not be Trump's friend. He continues to lose his existing branding opportunities & is too toxic for new ones. Significant loans for which he is personally responsible are coming due in the next couple of years. His hotel/resorts are losing $. Finally, sons are in charge.
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