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GOBankingRates’ editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services – our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines<\/a> and our products and services review methodology<\/a>.<\/p>\n 20 Years<\/strong> Trusted by<\/strong> President Donald Trump wasn\u2019t always the commander-in-chief; prior to having engaged in a political career which has seen him become the 45th and 47th president of the United States in serving non-consecutive terms, Trump was known as a businessman<\/a> \u2014 and later, media personality \u2014 who partook in a variety of different entrepreneurial ventures.<\/p>\n If you\u2019d backed those publicly traded ventures<\/a> in the 1980s, how would your investments be faring today?<\/p>\n Trump Hotels and Casino Resorts<\/p>\n Launched to much fanfare in 1995, Trump took Trump Hotels and Casino Resorts public, attracting $140 million in stock purchases from investors betting big on the well-known real estate tycoon.<\/p>\n<\/p>\n However, with Trump at the helm, holdings went from a single Atlantic City Casino to quickly snatching up debt-burdened Taj Mahal and a third Atlantic City casino, both previously owned by the now-president himself.<\/p>\n A number of personal loans borrowed from the company followed suit, according to a Forbes report<\/a>, and eventually, the company lost $647 million from 1995 through 2004, when it declared bankruptcy.<\/p>\n Trump Entertainment Resorts<\/p>\n Following the initial 2004 bankruptcy, Trump Hotels and Casino Resorts was renamed as Trump Entertainment Resorts.<\/p>\n And while Trump was paid $2 million per year despite stepping down as CEO (after receiving an approximately $50 million for services and rents rendered during his tenure as chief over Trump Hotels and Casino Resorts), that company lost $189 million in 2007 and a further $232 million in 2008.<\/p>\n<\/p>\n On Feb. 13, 2009, Trump as well as his daughter, Ivanka Trump \u2014 installed on the board in 2007 \u2014 resigned their posts. On Feb. 17, Trump Entertainment Resorts declared bankruptcy.<\/p>\n Today, Trump Entertainment Resorts exists as a fractional penny stock with negligible value, meaning that investors who did not sell their shares earlier would be essentially left with no value.<\/p>\n Trump Media & Technology Group<\/p>\n Trump Media & Technology Group remains in play, however, with majority ownership resting in the hands of the president. The company is most notably involved with Trump\u2019s Truth Social social media platform, although in recent days it has been dedicated to building a substantial Bitcoin treasury reserve.<\/p>\n According to Benzinga<\/a>, the SEC recently gave the nod of approval for Trump Media to expand upon these plans with a slated $2.3 billion capital investment, coming from more than 50 institutional investors.<\/p>\n<\/p>\n Following an initial blockbuster public opening on March 26, 2024 \u2014 the first time in nearly 30 years where a portion of the president\u2019s business empire went public, per CNN<\/a> \u2014 where shares reached ~$78 before falling to rest at around $70, Trump Media\u2019s stock price has tumbled precipitously.<\/p>\n As of close of trading on June 20, share prices were at $17.83.<\/p>\n Editor\u2019s note on political coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on GOBankingRates.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Zuma \/ Shutterstock.com Commitment to Our Readers GOBankingRates’ editorial team is committed to bringing you unbiased reviews and…\n","protected":false},"author":3,"featured_media":7327,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[64,8726,4313,8727,67,132,68],"class_list":{"0":"post-7326","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-gobankingrates","10":"tag-investing","11":"tag-stocks","12":"tag-united-states","13":"tag-unitedstates","14":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114731286760802427","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/7326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=7326"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/7326\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/7327"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=7326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=7326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=7326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"https:\/\/cdn.gobankingrates.com\/wp-content\/uploads\/2023\/11\/icon-20.svg?webp=1&quality=75\"){kind=icon}
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