10 of Donald Trump’s Business That Completely Failed

10 of Donald Trump’s Business That Completely Failed


You may or may not know that a few of Donald
Trump’s companies have gone bankrupt. His companies filed Chapter 11 Bankruptcy,
which is considered to be a “reorganization of debt.” Several of his casinos and resorts were in
billions of dollars in debt, because the businesses were simply not profitable enough to make
up for their losses. For most humans on this planet, that amount
of debt would create a crater so deep, there would be no hope to climb out of it. For Trump, though, all it took was selling
some of his shares of those failing companies, and he was squared away. In 2015, he even bragged about this on Twitter,
saying that he is simply taking advantage of the way American law works. The successful real estate business his father
started gives him a tremendous safety net. Trump has the luxury of trying as many new
business ideas as he wants, no matter how little experience he had in any given industry. Here are just 10 of the many, many failed
business ventures Trump has made over the years. 10. Trump Steaks When you think of buying a quality cut of
beef, you would probably go to your grocery store or a butcher. The last place you would even think of shopping
for raw meat is the same place that you buy your pillows and blankets, but that’s exactly
what Donald Trump did. In 2007, the future President created a new
business called Trump Steaks. Their line of assorted luxury meats included
steaks, hamburgers, and hot dogs that were all packaged in black gift boxes. Depending on your choice of meat, they cost
anywhere from $199 to $999. He claimed they were the best tasting steaks
in the world. Instead of giving any sort of culinary experience
in the commercial, Trump simply says, “I understand steaks. They are my favorite food.” It shouldn’t take a marketing genius to
know that this was a bad idea, but it gets worse, because they were sold at The Sharper
Image. If you’re not familiar with The Sharper
Image, they normally sell home goods, and they’re basically a more expensive version
of Bed, Bath, and Beyond. They were also sold on The Home Shopping Network
at $96 per pound.You could either consider a health hazard waiting to happen, or think
the idea was years ahead of Amazon Fresh. According to a one-star customer review of
Trump Steaks, titled “Never Again,” they got it for a gift, but they were greasy and
gave them a stomach ache. It would seem that everyone else who dared
to buy the gift-wrapped meats felt the same, because it didn’t take long for the company
to disappear. 9. Trump Ice Bottled Water Trump Tower in New York City has a snack area
where they sell food and drinks. Among them is bottled water called “Trump
Ice” with Donald Trump’s face on it. He also sells these at his resorts and casinos. Despite the fact that the bottles look like
the cheapest dollar store variety with a new sticker slapped on the front, Trump claimed
that his branded water is the “purest” in the world, with superior mineral content
that is above all other luxury brands. According to author and water connoisseur
Michael Mascha, the amount of minerals in Trump Ice water is actually much less than
many other brands, and it is not sourced from an exclusive location. It is also served in cheap plastic bottles,
rather than glass. For all of these reasons, it should not qualify
as a luxury product, and yet Trump wants to charge luxury prices simply because his face
is on it. Needless to say, no one bought into his claims,
and the water never spread to mainstream grocery stores. 8. The New Jersey Generals You may have never heard of the football team
called the New Jersey Generals. They had a short lived lifespan from 1982
to 1986, playing in a lesser-known league called the United States Football League,
or USFL. Donald Trump bought the New Jersey Generals
for $6 million in 1984. Since the league was just starting out, the
team did not get nearly as much time on TV, and was therefore nowhere near as profitable. Almost immediately after buying the team,
Trump wanted to move the team’s schedule from the spring to the fall, so that they
would play at the same TV time slot as the more popular NFL games. Then, he pushed the league to sue the NFL,
claiming that they had a monopoly over football in the fall. During this lawsuit, Trump used all of the
USFL’s financial resources to pay for the legal fees, in the attempt to win $1.7 billion
in damages. Apparently, he was so confident that he would
win the case, that the NFL would have no choice but to buy out the teams in the USFL as a
compromise. It turns out that the NFL didn’t want to
touch Trump with a 10-foot pole. According to a juror named Patricia Sibilia,
who was there to help decide the case in 1984, she and her fellow jury members believed that
Trump was shockingly arrogant. It was clear that he was only doing this to
as an attempt to create a loophole of buying a football team at a discounted rate, since
an official NFL team is closer to $1 billion. The judge agreed that the NFL did have a monopoly
over the airwaves for live coverage of football on TV, but he disagreed with the claim that
they somehow owed the USFL nearly two billion dollars. While Trump technically won the case, he was
awarded just three dollars. This brilliant master plan backfired even
further, because it exposed the fact that the USFL was breaking the laws with player
contracts, which forced them to fay hefty fines. All of this drama drained the league’s bank
accounts so much, the entire USFL had to shut down in 1986. A reporter for the Los Angeles Times named
Chris Dufresne explained that thousands of people, including his wife, lost their jobs
all because of Trump’s ego. Even today, Trump is clearly still very salty
about the NFL, and he continues to bash them on Twitter whenever he can. 7. The TourDeTrump Bike Race When you look at Donald Trump, you don’t
exactly see a great example of physical fitness, even if he does go golfing every single weekend. But he seemed utterly determined to succeed
in the world of sports. In the 1986, he moved on from football and
decided he would have a “tremendous” long distance American bike race that would rival
the Tour de France. When the press asked why he called it the
“Tour De Trump,” he said the name would make it more successful. During an interview, he said that he had not
ridden a bike since he was 7 or 8 years old, and like most Americans, he wasn’t really
a fan of watching cycling, either. His interest most likely came from the fact
that in Europe, the Tour de France gets hefty sponsorships worth millions of dollars. As he would later learn, the only reason why
the Tour de France is so profitable is because people in Europe actually watch cycling on
TV. The race began in Albany, New York and ended
in Atlantic City, New Jersey. Some of the best cyclists in the world gathered
to compete in the race, because Trump offered a generous cash prize. The race was broadcast on NBC, and they tried
their best to get American audiences interested in cycling by having one-on-one interviews
to help get them invested in the competitors, but it simply was not enough. Trump sponsored a second race three years
later in 1989, which failed to make a return on the investment. He pulled out of the race, and the DuPont
family took over, renaming it the Tour DuPont. After a couple years, though, even the DuPonts
decided it wasn’t worth the trouble, and they stopped having the race in 1996. 6. ACN and The Trump Network ACN was a digital phone service provider,
and Donald Trump agreed to be the face of the company. Despite the fact that laptops and smartphones
already have webcams, ACN claims that their cutting-edge technology is years ahead of
everyone else. Donald Trump spoke in front of stadiums filled
with over 20,000 people in training seminars for ACN, encouraging them to buy more phones
to sell to their family and friends. Their top sales people, brothers Michael and
Patrick Maser, spoke on a regular basis about how ACN made them millionaires. In reality, it turns out that they were actually
running a drug ring to make millions, and used their ACN business for money laundering. The vast majority of people who signed up
to become ACN sales people lost money in the process, and the true average income has been
estimated at just $700 per year. Even after all of these problems were exposed,
Trump still endorsed the company, calling it a better investment than real estate. This was clearly a pyramid scheme, and they
are illegal in the United States. Montana was the first state to bring ACN to
court, and many other states followed suit. Unfortunately, this global company is so powerful,
it still exists to this day. You may want to give Trump the benefit of
the doubt on this one. Maybe he wasn’t aware that this company
was a pyramid scheme when he chose to become their spokesperson. Not so much. He was actually inspired to make his own multi-level
marketing company called The Trump Network in 2009. They requested that customers send them urine
samples so they could give custom vitamin supplements in return. He even mentioned the recession in the commercial
for the company, playing on the hopes and dreams of desperate Americans by promising
that it would be the answer to all of their financial problems. Thankfully, not enough people fell for it,
and The Trump Network disappeared. 5. Trump: The Game Donald Trump decided that he could make a
better board game than Monopoly, so he came out with Trump: The Game. Each of the players starts off with millions
of dollars at their disposal, and the object of the game is to buy New York real estate
and become the richest person by the end. Milton Bradley made 2 million copies of the
game in 1989, but only 800,000 sold in stores across the country. According to consumers who tested the game,
the rules made the players feel anxious, rather than having fun, and many people kept it sealed
as a novelty item. That same year, a fellow casino owner named
Bob Stupak bet Trump $1 million that he would win a one-on-one match playing his own board
game against him. Trump turned down the challenge, admitting
that it was always possible to lose. It wasn’t until The Apprentice aired on
TV in 2004 that Milton Bradley decided to give the game another go. Instead of improving the rules or gaming experience,
the second edition added in “You’re Fired” cards that could block another player from
buying a property. There are also cards with Donald Trump’s
face on them that can beat absolutely anything else a player tries to do, which makes him
the hero of the game every time. 4. Trump University After trying and failing at so many different
industries, Trump University was the one idea that should have actually worked. Most of Donald Trump’s financial success
came from the real estate business he inherited from his father, and he gained a lot of notoriety
after being the star of The Apprentice. It would have actually made a lot of sense
for him to follow through, but of course, he wasn’t actually trying. Trump University promised to give students
courses that were taught by some of the leaders in the real estate industry that would help
them become successful. It turns out that this was not an actual accredited
university, and the teachers were not licensed real estate agents, either. He didn’t even plan a curriculum for the
school. Instead, the school hired charismatic salespeople
who pushed students to pay upwards of $35,000 for tuition, where they ultimately learned
nothing of value in the real estate industry. He was sued not just once, but three times
over Trump University. One lawsuit was brought by the New York Attorney
General in 2013 for the fact that the school was a fraud. There are two separate cases demanded that
he give refunds to former students. During interviews, Trump’s lawyers claimed
that loads of people were happy with the classes. In reality, nearly 7,000 notices were sent
out to former students about the lawsuit, and only two of them claimed that they thought
their experience was worth the money. In the end, Trump could not continue to fight
the legal battle when he became President, and he was forced to pay $25 million to 6,000
students who were part of the class-action lawsuit. After it was over, Trump refused to acknowledge
any wrongdoing, saying that he only lost the case because the judge was Mexican. 3. Trump Magazine Even after becoming President of the United
States, Donald Trump has had no qualms about attending a party hosted by Playboy. So it should come as no surprise to learn
that in 1990, Donald Trump was on the cover, and this experience is probably what inspired
him to make his own men’s publication called Trump Magazine in 2007. The content he included in the magazine was
mostly advertising for luxury products like yachts, cigars, and liquor, often with a sexy
woman on the cover, of course. Basically, Trump made the perfect magazine
for himself. According to the former managing editor, most
of the articles that were written for the magazine were just meant to glorify his achievements
and advertised his own businesses so much that it could rival propaganda from North
Korea. The magazine was not allowed to be printed
until he had the final say-so, marking any issues he found with a sharpie. The company flopped in 2009, because the audience
for the magazine turned out to be so small, they simply didn’t sell enough copies to
pay for the expense of running a print publication. 2. Trump Vodka While Trump Vodka promised to be success distilled
in liquid form, the liquor company failed almost as quickly as it went on the market. The man who was in charge of creating the
vodka is J. Patrick Kenny, who was a former employee of Seagram’s. After Kenny pitched the idea to Trump, he
agreed to let him use his name in exchange for 50% of the profits made by selling the
vodka. Kenny set off straight away, creating a corporation
called Drinks America, and found a distillery in… the Netherlands. One of the biggest downfalls for the company
was in 2006, when Trump admitted during an interview with Larry King that he doesn’t
even enjoy drinking Trump Vodka, despite the fact that his name was on the label. The brand tanked soon afterwards, which completely
screwed over Kenny’s career. He said that “the company cratered,” and
there is not a single bottle of Trump Vodka left… except, of course, for the ones selling
on eBay. 1. Trump Airlines Yet again, Donald Trump tried to dive head-first
into an industry that he had absolutely no experience with. He bought the company formerly known as Eastern
Airlines, and decided to slap his name on the side of 21 Boeing 727 airplanes. Unfortunately, he knew nothing about fuel
costs, repairs, or what to charge for ticket prices. Like everything else, he simply promised everyone
that it would be the “best” flight experience in the world. A travel writer from Conde Nast named Barbara
Peterson experienced what it was like to fly on a Trump Shuttle back in 2011. She says the staff was pleasant, and the food
and drinks were great, but she couldn’t get over how Trump’s attempts to insert
luxury into such old planes just didn’t fit. In her own words, it was like “having the
21 Club cater a Greyhound bus.” If you’re wondering why Trump Airlines failed…
well, he couldn’t pay his bills. The company took out a $245 million loan from
Citibank, and the company wasn’t making any profit. They were $1.1 million behind in their bills. When he couldn’t make the payment, a so-called
“rescue package” was gathered by some of his banker friends to cover the bill for
him. Y’know, because what’s a million dollars
between friends? He was not able to keep the company afloat,
even after getting that help from friends. When asked about his experience running the
airline, Trump said, “The airline business is a tough business… but I did great.”

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About the Author: Oren Garnes

100 Comments

  1. Hello everyone! We've been experimenting with a bit of a podcast for our Biographics channel (a few people were asking for audio versions so they can get Biographics while doing other things)! Fair warning: none of these are new biographies, but rather me having a bit more of a free form chat around the script. I'd love to know what you think, if these are useful, wanted etc :). Thanks, Simon.

    Links:

    iTunes: https://itunes.apple.com/us/podcast/biographics-history-one-life-at-a-time/id1450405839?mt=2

    Sitcher: https://www.stitcher.com/podcast/biographics-history-one-life-at-a-time

    Website: http://biographics.blubrry.net/

    RSS: http://biographics.blubrry.net/feed/podcast/

    Spotify: https://open.spotify.com/album/6N9PS4QXF1D0OWPk0Sxtb4

    Trolled people: https://open.spotify.com/show/0JzjzwJcRqFZ3BcACtahh8?si=MG5HSm1oT0GTNm_r8_HQcg

  2. I am more impressed of those that fail and regain their stance, than those who never took risk. Thanks for the POSITIVE to show that only in America can you keep winning after losing using the law.

  3. So what–he lost a few battles but won the war……the biggest loser is Hillary ..Trump will win again in 2020 libtards so get used to it…….TRUMP 2020

  4. I think all of his companies are insolvent, please Donald release your financials and prove us wrong.

  5. Has Trump ever done anything successful…..?????
    The fiascos are numberless, but is there anything he has done right….???

  6. We've got to vote him out or we will be his final failure. He's already degraded America to the level of trailer trash on the world stage. We are a laughing stock behind closed doors around the world.

  7. Trump is what happens when you give an idiot a tonne of money and tell him to have fun "playing" business man, he fails and fails and occasionally has a bit of success lol. Fascinating.

  8. Donald Trump is the Same Guy as say a Shopping Mall Magnet .. They hype it up then about 3/4 finished they take out another loan on the place for Millions then bail out leaving the property stuck and on the hook for the payment and then after 20 years when the Mall is at the end of it's service life it fall's into disrepair tenants start leaving a few dollar stores go in maybe a flee market just before they read the building it's last rights .. But I'm a little shocked he jammed up Charles Icon His "friend" Trump get's a huge check the day his name goes up on the building regardless of whether or not it's making a dime..

  9. Too bad his supporters wont even watch videos like this and for every informative video like this there are 5 more spewing propaganda and saying he is a genius. If you put his life on paper and average it all out he looks like one of the thugs he hires and says are the best in the world. I comment on fox clips constantly and can't even get a response from Trump supporters. They don't care, they know he is going down in 2020, they are just revering in the victory and still blaming OBama and Hillary for everything in the world just like trump. It's hard to keep up with his stupidity because it's just his way of life. Nothing surprises me anymore.

  10. Trumps ego is absolutely legendary..he really has convinced himself that he has never made a mistake in his entire life..he honestly believes he has never lost!!! LOL I really dont think Trump is really that rich..I think his whole success in life comes from inheriting his fathers business…

  11. Trump is a Professional “Fool” Collector, and the Fools just trap themselves in the remnants of their own minds.

  12. At school I admired Trump to be a rich and highly intelligent businessman – while my mate, Rob, correctly thought he was a skint, lying twat.
    Just goes to show you how wrong you can be !

  13. Trumps failures and lies and stupid decisions don’t seem to matter to many people. They admire his ability to lose billions of dollars. They admire how he screws over contractors and doesn’t pay them. The don’t care that he’d make more money doing nothing with his fathers money than all the cockamamie schemes he’s been in.

  14. Top Tenz are virulent Never Trumpers. Noted.

    Now that Im aware all political Top Tenz will be tainted with "Orange Man Bad" syndrome, is there a way to block them and only see non-political content?

  15. So the left has called on YOU for the favor YOU owe THEM eh? and LORDY go through the echo chamber of your comment section,.. you have drawn them like flies to —well,.. you know what they'll land on. P.S. also note how completely obvious they are with such four year old pouting comments,..

  16. Number 9. The purest water, with the highest mineral content. The two things are mutually exclusive. He's a moron

  17. "Those that can't do, teach. Those that can't do or teach, become president by brainwashing fools." – Me

  18. That's right. The richest people are not afraid to fail and do many times before they succeed in a big way. Business is alot like baseball. You're not in the game unless you step up to the plate and you're not going to get a hit unless you swing. You just need the right pitch.

  19. None of which is as bad as a Secretary of State letting Americans and an ambassador die, because a wedding was being planned. Your bias is as ugly as your head. See insults are stupid. How about blast all politicians, not just the ones you don’t like. Guess what though, he got elected once and will again, so I guess that means you are not in touch with reality

  20. A top one million stupid NFL moments can be made. The NFL is as stupid if not more so than Trump. Simon says you are a bias idiot

  21. How did this dufus become a president? But Hilliary wasn't an option. Democrats shot themselves in the foot by strangling Bernie.

  22. "Trump's Steaks are alot like himself. Greasy, just nothing but fat, tasteless, not that great, and loses money."
    -A.H. Roberts

  23. What abut the casino in Atlanta? You didn’t talk abut it You talk abut 10. look more you will find a lot 😀

  24. All you Trump haters just remember that he’s still a multi Billionaire and he’s still YOUR President. And when he’s done being President he’ll go back to being the CEO of a multi billion dollar company and will still be more successful than you could ever hope to become yourself.

  25. Why is "left", being left, sooooooooooo incredibly bad in USA? I prefer "left" with a health-insurance, than Republican without. Even Cameroon, Ghana and Vietnam have a good health-care system. USA – and that`s the deeper truth here – is a country rotten to the core. Only for the rich it`s a good country. Yes, no doubt, beautiful landscapes, folks are basically OK too (just terribly-terribly naive!!!), but the politicians wreck it all. Corrupt to the core – both sides – moneydriven, sucking on tons and tons and tons of "HAPPY PILLS" (Mother`s Little Helpers"), completely idiotic-childish gun laws, Black Projects wherever you look, CIA travelling the world killing, cherishing MURDERES in Saudi Arabia, a country nobody should deal with (IRAN, this old culture of a country is 100 times less dangerous and 200 times more educated. American probably think of IRAN as a banasna-republic, completely ignoring that there is only one MONSTER-BANANA STATE. The 3-letter country, the murderous killing machine U, S and A. If we do not stand against and fight this monster united, they got us all imprisoned soon. In a way we cannot even fathom at this point in 2019. Guess where we stand in 2050, if we do not stop this truely fachist regime. And why-why-why Americans themselves cannot see this? Burger King blinding their sight? Pay-TV? Basketball? Porn? And many-many tons of fentanyl, killing roundabout 50.000 per year. Happens in no other country worldwide! Last big point: Where was SILICON VALLEY, when the "primitive" Russians attacked the election? All a big hoax. Fact is that most Americans are poor, eating in soup-kitchens and live in trailors-without-wheels. Not all of course – the upper 10% are rich beyond rich and use their money for modern slavery without shackels. This country is doomed – and the rest of the world too – unless we understand, realize and fight back!!!

  26. Having worked in senior roles for multi nationals this is not unique to Trump – its standard practice like it or not. Why focus on this ? At least he is getting things done.

  27. Oh, Okay. So his "Daddy" gave him a million to give him a head start. What a HORRIBLE Father, he should have made him a trust fund baby does nothing but party? And HOW DARE HE BRAG about doing legal things set up by a corrupt government!
    So now it's bad to try new things even with no experience? Hmm… I thought history was FILLED with people who failed MANY times. Guess google is lying?
    1. Trump sold steaks where you buy pillows and blankets. Sooooo, like Walmart, Costco, Sam's, HEB, Krogers, Aldi's, Amazon, QVC, way to many to count and that's just here in South Texas! And lets not forget Omaha Steaks. how much is caviar?
    2. Luxury price? $2.45? Have you ever bought bottled water at a Stadium or Movie Theater, Theme Park, Fair or Event? WHAT?!?! Trump is correct saying it is purest water but the plastic is cheap, OH THE HUMANITY!!!
    3. I am SHOCKED that a young billionaire would be arrogant! Hmmm…so the lawsuit proved through a judge the nfl DID have a monopoly on airtime. AND he exposed illegality in the USFL too! OMG the wife of a billionaire lost her job!!! Oh yeah, he's raw, that's why he didn't say anything about NFL till communists started taking a knee. And oh yeah, did you know about how PRESIDENT TRUMP fixed fracture between NFL and Canada? The head of the NFL called PRESIDENT TRUMP personally to thank him. No, selective facts?
    4. WOW that's kind of like football (soccer) has been popular in other countries recorded back 2000 yrs ago and has only become popular in USA about 10ish years ago.
    5. Yes, it is the only business to have corrupt employees, also ever heard of Washington Government anyone? Pyramid schemes are definitely illegal, when did he get arrested? Can't find it. Many lawsuits against a big company? Come on now, that's just crazy talk!
    Whew, only half way through. Gonna split this up and start working on second half!

  28. WE'RE bailing him out now! What is the real pisser is the Trumpish way that he's going about it, including rampant golf and luxury trips on the People's dime ($350 million note). Once he's out of office…and out of jail, he'll (his kids and Malaria) will have luxury facilities and businesses all around the world. Privilege makes it difficult to fail. Class, integrity, morals, etc. has little to do with it.

  29. 400 of Donald Trump's business that completely succeeded. Including his greatest success making America Great despite parasites like TopTenz.

  30. He should market Trump caskets because that sick mofo is digging his owngrave and taking his entire cabinet with him.

  31. trump is not rich if he was he wouldn't say so many times i m so rich i m so rich no bank in usa wouldn't lent him any money russia yes because is is no clean

  32. Bunch of jealous people talking crap who cares if some business failed he's sure doing better then I am. bet you top ten wished he had his money

  33. If he had failures in business it means he tried very hard to succeed and didn't give up. Unlike the the lazy give it to me for free Democrats who want the hardworking people to be taxed to death to pay their bills.

  34. Perhaps he was wise to have the water “served in cheap plastic bottles rather than glass” because it denies people from Antifa a weapon that they can cowardly throw at the back of someone's head while they hide in a mask behind fugly women who are pretending to be men.

    I propose TopTenz make a list of bottled water labels that have proven to not come from “an exclusive location”. Why is it if you put a radioactive tracer in a public water supply source the tracer suddenly turns up in “exclusive” bottled water. And at what amount of mixing the two would you consider one to have changed to the other? If you drink bottled water and believe the bunkum subsidiary companies of Coke-a-Cola tell you, then perhaps YOU are the fool.

  35. Kind of explains why he rants and raves about all of those companies that he does, it looks like it's mainly due to the fact they are all successful, where he could only manage to fail.

  36. Just cruising the comments … it seems that Trump supporters are few and far between. Guess they didn't watch because *they can't handle the truth*

  37. In short every thing that trump touchs dies. 🤣 🤣 🤣 🤣 🤣 look at America to day yakhiiiiiiiii thuuuuuuuuu

  38. No he is the self-made billionaire you are the one with another soon to be failed businesses by your just losing over half of your potential customer base? Trump supporters.

  39. I had to laugh out loud about Trump getting a $3 award for his $2 billion court case! What a loser! Please help us someone, before there is some terrible catastrophe that requires a real President with a real brain!!!

  40. With the US National debt @ 22 Trillion & climbing I expected the #1 on this list of failed companies to be Trump's America. This two bit huckster has done a terrific job of turning the nation into a bunch of dotards.

  41. Imagine the number of his failures into the thousands, he has historically conducted many real estate transaction and refused to pay the contractors. Hence, the contractors could not afford to take him on and he paid an amount close to nothing in his real estate endeavors.

  42. HE WAS 1 OF THE VERY FIRST PERSON'S WHO BOUGHT THE EDSEL !!!!
    HE SAID IT WAS THE BEST CAR FORD MOTOR COMPANY EVER MADE !!!!!

  43. The entire USFL thing was because Trump was turned down for buying a real pro-football team by forging his books. The NFL owners club knew Trump and wanted nothing to do with him. So he bought a USFL team for bargain basement prices and history was made.

  44. Ttump the orange moron and Cheeto clown princess of bankruptcies. The greatest grifter ever that I can tell. Maga!

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