While researching the rat-infested sinking ship metaphor that is the Trump administration, I came across another tidbit that shows what a terrible deal maker Trump is.
In 1987 Trump bought a yacht from the Sultan of Brunei for $29 million. The next year Trump bragged that he got $1 million off for changing the name, to the Trump Princess, naming the boat after himself (yes, he is a little princess).
Trump paid $10 million to refit the yacht, putting a T on the helipad instead of the standard H. Trump started construction on an even bigger yacht, then bought the shipbuilder Amels. Trump sold the company a couple of months later due to financial problems.
Trump sold the Trump Princess in 1991 for $19 million, for a total $20 million loss. What a smart businessman!
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