Trump's simple method of appearing richer than he really is: [View all]
He licenses his name -- even to other real estate developers. So when you see a "Trump Tower," maybe he owns it -- maybe he doesn't.
https://www.washingtonpost.com/politics/former-mafia-linked-figure-describes-association-with-trump/2016/05/17/cec6c2c6-16d3-11e6-aa55-670cabef46e0_story.html?postshare=8261463505936319&tid=ss_tw
Sater arrived in Trump’s orbit as the mogul was shifting his business model. Seizing on the success of his television reality show, “The Apprentice,” he focused on licensing his name to developers constructing high-rise hotels and condominium projects.
SNIP
When one of the firm’s most ambitious projects, the oceanfront Trump International Hotel and Tower in Fort Lauderdale, Fla., became embroiled in disputes after construction stalled in 2009, aggrieved condo buyers filed suit, claiming, among other things, that Trump and others had failed to tell them about the criminal past of a key member of the development team.
Trump walked away from the failing project, saying he held no responsibility since he had merely licensed his name to the effort.
= new reply since forum marked as read