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Donald Trump made $39 million running failed casino company 

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Trump is always for Trump...

Donald Trump made $39 million running failed casino company
by Matt Egan @mattmegan5
August 15, 2016: 11:29 AM ET

In 1995, Donald Trump's first and only initial public offering raised $140 million from public investors under the ticker symbol DJT. A decade later, Trump Hotels & Casino Resorts, filed for bankruptcy.

The casino company posted losses every year it was public

-- more than $600 million in total between 1995 and 2004

-- a CNNMoney analysis of 10 years of corporate filings shows.

DJT paid Trump handsomely each year. His salary, bonus and options totaled about $20 million.

An additional $18.5 million came from what the filings called "other" compensation. That includes a web of inventive deals:

-- complex consulting contracts that paid Trump for consulting with his own company;

-- licensing deals under which DJT paid Trump to use the Trump name;

-- reimbursement for the times the company used his personal jet or golf courses for VIPs.

In other words, a company that Trump controlled was paying Trump to use other stuff he owned, including his name.

The Trump campaign did not respond to a request for comment for this article.

more:
http://money.cnn.com/2016/08/15/investing/donald-trump-bankrupt-casino/index.html?sr=cnnmoneybin081516trumpfailcasino0930VODtop




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