A Quick Reminder That Donald Trump Is the World’s Worst Dealmaker

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Just as a reminder of what a terrible dealmaker Donald Trump is, a Saudi Prince bought the Plaza Hotel in New York today in a deal that values the hotel at $600 million. In 1988, Trump bought the hotel and then renovated it at a cost of $950 million in current dollars.

Even after 30 years and over a decade of escalating prices for New York real estate, the Plaza still isn’t even close to being worth what Trump paid for it. He could have waited a century and not made money on it. This is the guy who will be negotiating North Korea’s nuclear program with Kim Jong Un.

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BEFORE YOU CLICK AWAY!

Mother Jones was founded to do journalism differently. We stand for justice and democracy. We reject false equivalence. We go after stories others don’t. We’re a nonprofit newsroom, because the kind of truth-telling investigations we do doesn’t happen under corporate ownership.

And the essential ingredient that makes all this possible? Readers like you.

It’s reader support that enables Mother Jones to devote the time and resources to report the facts that are too difficult, expensive, or inconvenient for other news outlets to uncover. Please help with a donation today if you can—even a few bucks will make a real difference. A monthly gift would be incredible.

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