How did Trump get back into business after leaving the White House?

According to the sheet New York TimesDonald Trump has long complained that his job as president of the United States costs him billions of dollars. Your tax records are also clear evidence of this. At the same time, Trump’s children have admitted that the family business Trump Organization has ignored dozens of potential deals around the world since their father entered the White House.

Since Trump took over the US, the Trump Organization has failed to close a new deal in the hotel sector. The idea of ​​a budget hotel chain that launched last year has also been on hold. Financial statements show that the business activities of the company’s main source of income are flat.

The ban on new transactions abroad is perhaps the biggest blow. Before Trump was elected, the company had an eye on expanding into China, exploring new possibilities for cooperation in Colombia, Brazil and Turkey. Last year, Trump declared that being president “probably cost me between 3 and 5 billion dollars” but gave no proof.

After being elected, Trump refused to sell any stake in the Trump Organization. Instead, it adopted a plan it considered to eliminate conflicts of interest. With that, the Trump Organization pledged to abandon new deals outside of the US and hire an ethics consultant to evaluate various national projects.

In response, Democrats and many others think the above restrictions are only half-baked. They argue that this hasn’t stopped the incumbent president from turning resorts, hotels and personal properties into a plate of interest to lobbyists, patrons and business leaders.

Now, when voters refuse to give him a chance to run the United States for another term, Trump can get back in business. The Trump family company will also have more freedom to do business abroad.

However, there will be many obstacles to his recovery, such as the translation of Covid-19, the legal battle, and deeply divided opinions by Americans on the 45th president.

However, if you want to run again in 2024, you may have to avoid new overseas deals if you don’t want to create weaknesses for opponents to criticize.

The “Trump” brand is his greatest achievement over many years as an entrepreneur, and it should come as no surprise that the real estate billionaire is taking advantage of his extraordinary popularity to make money.

When Trump entered the White House in 2017, the head of the Trump Organization said the company had to abandon more than 20 such brand deals in China, Israel and throughout South America. When Trump left the White House, he gained popularity and recognition for his brand grew even more.

Brand deals are largely risk-free for the business, requiring no capital investment and typically yielding between $ 500,000 and a million a year, at least initially. This number will decrease after the project is transferred to the client, unless the company makes bilateral agreements to manage the assets.

New business partners could also appear when Trump leaves the White House. For the past four years, Bobby R. Burchfield, a Washington attorney, has been advising the Trump Organization. He is responsible for the selection of possible transactions and business partners, in order to avoid conflicts of interest for the president. This caused the company to lose many partners. But now, this careful scrutiny is gone.

However, your company still faces legal challenges. Congress may no longer focus on Trump’s business activities, but New York prosecutors will continue to investigate.

The Manhattan district attorney’s office is investigating Mr. Trump and his family business for financial and tax misconduct. New York attorneys are also conducting a separate civil investigation into suspicions that the presidential company was fraudulent by misrepresenting the value of the property, in order to reduce taxes or borrow. However, the Trump Organization side denied all this information.

Additionally, with more than $ 300 million in debt coming to maturity, which Trump personally guarantees, the Trump Organization may have to rush into new trade deals. Furthermore, a negative judgment in the audit war with the US Tax Department could cost Trump more than $ 100 million.

A polarized nation and a protracted pandemic could also hamper the Trump Organization’s recovery. His most lucrative assets were in Democratic strongholds like New York and Chicago. While his most lucrative property is the Doral golf course and resort in Florida, many large companies and organizations have rejected it because of the president’s divisive actions.

As president, Trump has tried to fill this void through pre-booked events at his resorts. The Trump International Hotel near the White House is often packed with partisan allies.

It’s unclear if that support will continue or if the protesters will rent their property again. However, translating Covid-19 remains a difficult problem for the hotel and commercial real estate industries, which is critical to the Trump Organization’s business portfolio.

However, the future of the Trump Organization depends on the future political ambitions of the Trump family. Late last year, Trump came up with the idea of ​​re-election in 2024. Another presidential election could affect the family business for years to come, at least in countries like China. National.

The billionaire may not be the last member of the Trump family to run. Donald Trump Jr and Ivanka Trump are likely to have future political aspirations.

Finally, there is Trump’s love of television. Before entering the White House, Trump was not only a billionaire but also a reality star. The show “The Apprentice” earned Mr. Trump $ 197 million in direct revenue and $ 230 million in indirect revenue for its popularity over 16 years of broadcasting.

During his four years in office, the president assigned his eldest son to run the company and a group of other executives. Even before that, he retired a bit from the business and let his children take over.

After leaving the White House, how Trump repositioned himself in the family business was a matter of attention. Once a popular reality star, Trump will most likely return to television as a political pundit or other role. Along with that, lectures and book publishing are also sources of income that show some prospects.

Native dancers

According to the New York Times