Trump Business Trivia Questions
When was Trump Tower completed?
A: In 1983.
Trump Tower was the setting of what NBC television show?
A: The Apprentice.
The Trump Tower occupies the former site of what architecturally significant building?
A: The Bonwit Teller flagship store.
Its demolition in 1980 was controversial due to the contractor's use of some 200 what?
A: Undocumented Polish immigrant workers.
What were the Polish workers paid?
A: 4–5 dollars per hour.
A: 1984.
Donald acquired a partially completed building in Atlantic City from the Hilton Corporation for how much?
A: $320 million.
When completed in 1985, the hotel/casino became what?
A: Trump Castle.
Who managed Trump Castle?
A: Ivana Trump managed the property.
Donald bought the Mar-a-Lago estate in Palm Beach, Florida, in 1985 for how much money?
A: $5 million, plus $3 million for the furnishings.
Trump turned the Mar-a-Lago estate into a private club with membership fees of how much money?
A: $150,000.
At about the same time, Donald obtained a condominium complex in Palm Beach with what famous partner that became Trump Plaza of the Palm Beaches.
A: Lee Iacocca.
In what year did Trump acquire the Plaza Hotel in Manhattan?
A: 1988.
How much money did he pay for the property?
A: $400 million.
In 1988, Trump acquired the Taj Mahal Casino in Atlantic City in a transaction with whom?
A: Merv Griffin and Resorts International.
The Taj Mahal Casino in Atlantic City opened in April 1990, and was built at a total cost of how much money?
A: $1.1 billion.
How was the Taj Mahal financed?
A: With $675 million in junk bonds at a 14% interest rate.
What happened to the Taj Mahal project the following year?
A: It entered Chapter 11 bankruptcy.
The Taj Mahal emerged from bankruptcy on October 5, 1991, with Trump ceding how much of the ownership in the casino to the bondholders?
A: 50 percent.
Trump’s hotel and casino businesses have been declared bankrupt between 1991 and 2009?
A: Six times.
