Donald Trump bills himself as a “winner” who will Make America Great Again. If he wins the election, let’s hope he does better than his track record when it comes to starting new businesses. He did okay with the business his daddy started, but when it comes to new ventures his track record is a bit sketchy, and not what you would call “winning.”
Here are just a couple of examples from the list of failures The Donald has under his belt, compiled at The Lid:
What happened: Trump Launched his own Mortgage Company, and his son predicted that it would be the No. 1 home-loan lender in the US. And then … the housing market completely crashed in 2007. Trump’s mortgage company was shut down after a year and a half.
Shortly after the company’s launch Trump said on CNBC: “I think it’s a great time to start a mortgage company … who knows about financing better than I do?”
Trump Steaks (2007 – unknown)
What happened: Trump launched his name-brand steaks specifically for Sharper Image (and naturally graced the cover of the Sharper Image catalogue) in 2007. They have since been discontinued.
The prices ranged from $199 for a pack of 12 steak burgers and four steaks, all the way up to $999 for a selection of 16 top cuts.
Bonus: The Trump Steakhouse in Las Vegas was briefly shut down following 51 health code violations, including expired yogurt and five-month old duck.
Read the whole thing, there are quite a few more examples of The Donald’s failed ventures, mostly failed attempts to cater to the super wealthy. But never mind. He’s a winner, just ask him.