July 10, 2020

The Trump Files: Donald’s Mega-Yacht Wasn’t Big Enough For Him

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This post was originally published as part of “The Trump Files”—a collection of telling episodes, strange but true stories, and curious scenes from the life of our current president—on August 18, 2016.

Donald Trump’s yacht, the 282-foot-long Trump Princess, was probably the Trumpiest of all the tycoon’s toys. It was one of the largest yachts in the world when he bought it from the Sultan of Brunei in the late 1980s, featuring plenty of marble and gold decor and over-the-top amenities including a helipad, a disco, and a movie theater. Trump even had to dredge the Atlantic City channel so it could accommodate his ship.

But the yacht still wasn’t big enough.

Just a year after he bought the Trump Princess, Trump announced he was looking for an upgrade. He told Newsday in June that he planned to build a new yacht—”something in excess of 400 feet long, closer to 500 feet”—so that it could fit all the casino high-rollers who liked to come aboard.

A Dutch company reportedly had the inside track with plans for a 420-footer that Dutch journalist Peter Degraaf of De Volkskrant told Newsday was “maybe the greatest ship ever built in the world, and it’s exactly what Mr. Trump wants—the greatest and most luxurious yacht.” Trump figured he might simply name it the Trump Princess II rather than paying homage to his then-wife Ivana as a reporter suggested. “I like to keep things low-key,” he explained.

But the new and improved Princess was never built, and Trump soon had no yacht at all. After his net worth crashed under a gargantuan debt load in 1990, Trump was put on a strict monthly allowance by his creditors. He was allowed to keep the yacht, but by 1991 he was forced to sell the Trump Princess—or had it repossessed, according to some reports.

 

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We'll also be quite transparent and level-headed with you about this.

In "News Never Pays," our fearless CEO, Monika Bauerlein, connects the dots on several concerning media trends that, taken together, expose the fallacy behind the tragic state of journalism right now: That the marketplace will take care of providing the free and independent press citizens in a democracy need, and the Next New Thing to invest millions in will fix the problem. Bottom line: Journalism that serves the people needs the support of the people. That's the Next New Thing.

And it's what MoJo and our community of readers have been doing for 47 years now.

But staying afloat is harder than ever.

In "This Is Not a Crisis. It's The New Normal," we explain, as matter-of-factly as we can, what exactly our finances look like, why this moment is particularly urgent, and how we can best communicate that without screaming OMG PLEASE HELP over and over. We also touch on our history and how our nonprofit model makes Mother Jones different than most of the news out there: Letting us go deep, focus on underreported beats, and bring unique perspectives to the day's news.

You're here for reporting like that, not fundraising, but one cannot exist without the other, and it's vitally important that we hit our intimidating $390,000 number in online donations by June 30.

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