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At the time, Trump was almost bankrupt and looking to make some fast cash, reportedly selling the yacht to Prince Alwaleed bin-Talal for one third less than he paid for it.
In 1995, Trump also sold New York City's Plaza Hotel to Alwaleed and Singaporean investors for $325 million. In turn, they sold it nearly a decade later for $675 million. In July, Alwaleed's Kingdom Holding Company re-purchased the Plaza along with a New York-based firm.
https://www.businessinsider.com/trump-has-deep-ties-with-saudis-from-selling-yacht-to-sword-dancing-2018-10#in-1991-trump-sold-his-282-foot-yacht-named-the-trump-princess-to-a-saudi-billionaire-for-20-million-1
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