TRUMP’S BOOKS
While Trump gained prominence and notoriety in the 80s through
his business deals and colorful television appearances, he
skyrocketed to a new level of fame when he released his first
book. The Art of the Deal was released in November 1987. It spent
51 weeks on the bestseller list and has sold around one million
copies thus far according to most reports.
The Art of the Deal is making headlines again in 2016, following
a controversial interview in The New Yorker with the book’s coauthor
Tony Schwartz. Schwartz claims he wrote “every word,”
of the popular book. “Donald Trump made a few red marks when
I handed him the manuscript, but that was it,” he said in an
interview with ABC’s Good Morning America.
Schwartz, who observed Trump almost daily for 18 months when
penning The Art of the Deal describes Trump as a dangerous
sociopath whose successes were mythicized in The Art of the
Deal. Schwartz says he now regrets writing the book: “I feel a deep
sense of remorse that I contributed to presenting Trump in a way
that brought him wider attention and made him more appealing
than he is,” Schwartz told The New Yorker.
In response to Schwartz’s Good Morning America interview and
New Yorker article, Trump’s camp has issued Schwartz a ceaseand
desist letter and has asked Schwartz to send a check to
Trump for the royalties generated from The Art of the Deal, plus
his advance.
The president's disclosure revealed that The Art of the Deal
generated royalties of $50,000 to $100,000 in 2015. A disclosure
also reported income between $1 million and $5 million for his
November 2015 book, Crippled America: How to Make America
Great Again. Trump's 2015 personal financial disclosure revealed
that the billionaire received book royalties amounting anywhere
from $85,000 to $215,000 in 2014.
TRUMP’S REAL ESTATE FORTUNE TODAY
Though the Trump empire spans many industries, real estate
development and acquisitions have always been its core business.
Trump's real estate income is derived from many different types
of property. The Trump Organization, for example, owns hundreds
of residential units and office spaces that create regular rental
income. According to Forbes, The Trump Hotel Collection and real
estate licensing brought in $128 million in 2014.
THE BOTTOM LINE
Donald J. Trump has launched an empire, based largely on
his name. Taking on large loans, Trump constructed many
luxury hotels, apartments, and casinos, which have become
iconic monuments to the excess and exuberance of the 1980s.
However, Trump’s businesses have faced four bankruptcies
throughout the years. The most recent one was in 2009 when
Trump Entertainment Resorts was ravaged by the 2008 recession.
Though he has faced near financial ruin and multiple business
bankruptcies, Trump's branded products and real estate licenses
remain popular and have helped to land him on the Forbes 400 for
several decades.
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TRUMP NATIONAL DORAL MIAMI is a golf resort
in Doral in south Florida in the United States. It was
founded by real estate pioneer Alfred Kaskel in 1962.
110 The TRUMP RALLY Publication
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