The lasting impact of Donald Trump’s bankruptcies and failed business

The Millennial Source
6 min readJul 30, 2020

This appeared in The Millennial Source

In 2015 and 2016, while Donald Trump was making his pitch to the American people as to why he should become president, one of his selling points was his “ tremendous success” as a businessman. Trump first made his name in the business world as the president of the Trump Organization, the real estate company started by his father. He wasn’t content, though, to stick to real estate.

Since the 1980s, Trump has regularly ventured into other business fields, including gambling, airlines and alcohol. However, his portfolio is littered with bankruptcies, failed business ventures and abandoned companies. Trump has argued that bankruptcies and unsuccessful endeavors are just part of being a risk-taking businessman.

Though Trump has frequently bounced back from his business missteps, he’s left behind a trail of unpaid contractors and devastated former employees.

Under attack for bankruptcies

During the Republican primary prior to the 2016 election, Trump was not the only businessperson attempting to win the presidency, though he was certainly the one who received the most press coverage.