This episode of the Kings Hall is brought to you by backwards planning financial,

Alpine Gold, MaxD trailers, salt and strings butchery, Reformation Heritage Books,

premier body armor, and our supporters at patreon.com. com. I'm In 1987, In 1987, Donald Trump released his book, The Art of the Deal, which served as something of a behind-the-scenes memoir, detailing his business acumen and philosophy for success in entrepreneurial ventures.

At the heart of his strategy, Trump relied on intensely

focused goals while avoiding unnecessary distractions, as well as his now famous brand of aggressive,

confident negotiation tactics. He emphasized visionary leadership and big thinking, as well as a strong

dose of audacious,

risk-taking pursuits.

It was that sort of business approach that brought his net worth at its height in the 1980s

to somewhere near $3 billion, according to Forbes.

But his success was not destined to last forever.

Due to a number of factors, Trump experienced substantial business

losses in the late 80s and 90s that caused his net worth to plummet. A financial recession,

combined with over-leveraged assets and debt accumulation that he was not able to service

due to failing properties, meant that Trump would lose nearly $40 million per year,

starting in 1990 and 1991.

Trump had purchased the Plaza Hotel in New York in 1988 for $407 million,

but the real estate market had declined with the recession.

Hotel revenues plummeted, and he was unable to service the debt. Likewise, he had

invested heavily in Atlantic City casinos, but those properties, which included the Trump-Tajmahal,

Trump Marina, and Trump Plaza, were plagued by operational issues, poor management, and a downturn

in the gaming industry. As a result, Trump's debt soared, his revenues fell,

...