1995 AND THE TRUMP TURNAROUND
Fortunes began to change in 1995. That year, Trump established
Trump Hotels and Casino Resorts, Inc. and took the company
public, eventually selling 13.25 million shares at $32.50 a share
in 1996 for a tidy capital gain of $290 million over his original
ownership stake.
Also, in the mid-1990s one of Trump's initial investments,
the Grand Hyatt building that opened in 1980, became wildly
successful. Trump quickly sold his stake back to Hyatt for a
reported $140 million.
Later in 1995, Trump purchased the old Bank of Manhattan Trust
building located at 40 Wall Street. This building would go on to
become one of his most famous properties. Trump claims he
bought the building for just $1 million. The building was available
at a discount however after another deal with former Filipino
President Ferdinand Marcos fell through, and the owners of
the building became desperate. The net value of this building,
best-known as the Trump Building, is now worth $327 million
according to Forbes.
THE ENTRANCE TO TRUMP INTERNATIONAL
GOLF CLUB, a private golf club owned by President
Donald. Located in West Palm Beach, Florida.
106 The TRUMP RALLY Publication