Trump’s billion dollar losing streak

Donald Trump reported an ever-growing negative-adjusted grossincome on his tax returns from 1985-94, enabling him to avoidpaying any income tax for eight out of those 10 years


“DEALMAKER” TRUMP

Opens Trump’s Castle casino

Buys out Trump Tower and Plaza Hotel & Casino

Buys yacht for $29m. Stock market crashes

Buys Plaza Hotel for $407m

Launches Trump Shuttle airline, for $365m – never makes profit. Costs $7m per month to keep airborne

Opens Trump Taj Mahal hotel-casino. Saddled with $800m of debt, it drags his two other casinos into red

Trump turns over assets (including yacht) to lenders to stave off bankruptcy


Adjusted gross income ($ millions)


	1985 	1986 	1987 	1988 	1989 	1990 	1991 	1992 	1993 	1994
0	-51.4	-99.6	-4.5	-46.6	-90.3
-200
-400						-400.3
-600							-664.3	-751.1
-800									-814.0	-918.5
-1000


10-year total: $1.17 billion in losses


Trump was able to lose so much money because most of it belonged to banks and bond investors who supplied cash to fuel his acquisitions. Trump also secretly used father’s wealth to maintain lavish lifestyle


Source: Rich Harris and Andrew Rossback/The New York Times 
Picture: AP 
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