President Donald Trump’s celebrity was cemented in the American mind with the show “The Apprentice,” which sold him as a real estate mogul and business genius imparting his wisdom to a new generation of entrepreneurial hopefuls. But the show’s fundamental premise is a lie.
Far from a business genius, Trump was largely a flop in business. As a recent investigative piece in Foreign Policy explained, Trump’s repeated failures in the ’90s made him virtually radioactive to any American banks looking to fund new ventures. Lenders were wary of trusting the most prominent son of actual real estate titan Fred Trump, because Donald Trump’s businesses were consistently going belly up — most famously, the Trump Taj Mahal Casino in Atlantic City.
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