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Boom To Bust? How Trump Recast Himself From Business Tycoon To Victim
The Guardian Weekly
|February 23, 2024
From Trump Tower on Fifth Avenue to the Trump Building on Wall Street, the Trump World Tower by the United Nations to the Trump International overlooking Central Park, Donald Trump has stamped his name on skyscrapers across New York City.
This real estate empire was the springboard for Trump's ascent from tabloid fodder to reality TV stardom, and ultimately the presidency, all built on his selfprojected image as America's most famous businessman.
While the reality of Trump's business acumen - and the true extent of his wealth - have long been questioned, last Friday Judge Arthur Engoron for ever tarnished his gilded image, finding Trump and his allies guilty of frauds that "shock the conscience" and a "lack of contrition and remorse [that] borders on pathological".
Trump was ordered to pay $354.9m plus pre-judgment interest and was banned from leading a New York business for three years after a court found that he and his associates fraudulently overstated his net worth. The Trump Organization was wrenched from his family's control - and its future looks far from certain.
This story is from the February 23, 2024 edition of The Guardian Weekly.
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