#successful businessman

[galerymod]

A myth (more rarely mythus, obsolete mythe, plural myths, from ancient Greek μῦθος, "sound, word, speech, tale, legendary story, tale", Latin mythus) is in its original meaning a narrative. In religious myths, the existence of humans is linked to the world of gods or spirits.

Myths claim validity for the truth they assert. This claim to truth has been criticised since the Greek Enlightenment by the pre-Socratics (e.g. Xenophanes, around 500 BC). For the Sophists, myth stands in contrast to logos, which attempts to justify the truth of its assertions through rational evidence.

In a broader sense, myth also refers to people, things or events of high symbolic significance or simply a false idea or lie*.

For example, the adjective "mythical" is often used in colloquial language as a synonym for "fabulous-vague, fabulous or legendary".

Wikipedia

How can it be that a man who describes himself in public as a successful businessman worth billions cannot pay a financial penalty and that someone wants to vouch for him?

Trump can't pay 450 million dollars

In February, former US President Trump was fined 450 million dollars in New York for fraud. Now his lawyers have announced: Trump cannot pay. According to his lawyers, former US President Donald Trump is currently unable to guarantee payment of a fine of more than 450 million dollars from a fraud trial. Despite great efforts and negotiations with around 30 companies, it has not yet been possible to obtain such a guarantee, according to a letter from his legal team to the competent court in New York. Several US media outlets unanimously quote from the letter, arguing that it would be "practically impossible" to make the payment on time.

Trump has received a refusal from 30 bail companies, according to a letter from his lawyers to an appeals court on Monday. Many would not provide collateral in excess of 100 million dollars and would not accept real estate as collateral.

Forbes magazine estimates the property entrepreneur's total assets at 2.6 billion dollars. Trump recently stated that his cash assets totalled around 400 million dollars.

"I thought he was a billionaire? Is he lying to the public or the court?" Law professor Andrew Weissmann poses the question of questions on X in relation to Donald Trump's liquidity: How much is there to the image of the self-made billionaire?

How much money does Trump himself have?

Last year, Trump testified in court that he had a cash fortune of around 400 million US dollars. The latest legal documents indicate that he does not have anywhere near that amount of money at his disposal, Professor of Business Law Will Thomas from the University of Michigan. However, he and the Trump Organisation would have significantly more assets at their disposal. His largest asset holdings are tied up in property. If Trump is unable to pay in other ways, he could be forced to sell some of his properties, according to Professor Thomas. His lawyers want to prevent this and warn that Trump would have no way of buying them back if he is successful with his appeal.

Where could the money come from?

Without liquid funds, there are two options for Trump to prevent enforcement for the time being.

Guarantees: A guarantee would probably be the only solution for him. This would allow him not to have to sell anything for the time being. At the same time, guarantors require collateral and often only accept cash or shares in return - not property. Trump also needs to find someone who is prepared to guarantee an enormous sum of over 550 million dollars.

Donations or campaign funds: He is also receiving support from private sources, but the sums are nowhere near enough. Trump supporters are collecting money for him on the internet, with over a million private donations having been collected so far.

Again and again, it is also about money from Trump's election campaign. Federal law prohibits Trump from using campaign funds for personal purposes. However, it is legally unclear to what extent campaign money from political action committees (PACs) and funds from the Republican National Committee (RNC) fall under this. But even these funds would be far from sufficient.

If he loses the aura of the successful billionaire self-made businessman, he also loses his aura of success.

mod

This kind of legal action would not only be a serious blow to Trump's finances, but also to his image, as he always praises himself as a brilliant businessman.

The biggest bankruptcies* of Donald Trump

It was always visible to everyone, but as long as you can keep generating capital, the myth can be maintained

Trump Ice

In 1995, Donald Trump founded the Trump Ice Natural Spring Water brand (Trump Ice for short) - his own brand of bottled drinking water. However, the sales figures were not particularly good. After missed payments to the producer and a lawsuit against Trump Ice in this connection, production was discontinued. Today, only bottles with collector's value are sold on eBay and the like.

Trump Steaks

Donald Trump founded his own steak company in 2007. The company was to be dedicated exclusively to selling his favourite food and running a steakhouse in Las Vegas. The prices for the steaks varied between 199 and 999 US dollars. Despite such bargain prices, the company had to close in the same year. The steakhouse was shut down after the health department found 51 health code violations.

Trump University

In 2005, Donald Trump opened "Trump University" - a distance learning university specialising in the real estate industry that was not officially recognised as a university. Enrolment cost up to 35,000 US dollars, but many of the course instructors, who were allegedly selected by Donald Trump himself, often did not have the appropriate qualifications. The school had to be closed down for good in 2011. Thousands of students filed a lawsuit against the former US president, who relented in 2017 and offered a settlement despite his supposed innocence. This was confirmed by the US Court of Appeal in 2018 and secured compensation of USD 25 million for the more than 4,000 ex-students.

New Jersey Generals

In 1984, Donald Trump bought his own football team, the New Jersey Generals. However, they did not play in the famous National Football League, the NFL, but in the smaller offshoot, the United States Football League (USFL). Just one year later, the team was bankrupt and the entire United States Football League with it. Trump had tried with all his might to bring about a merger of the UFSL with the NFL. This prevented Donald Trump from taking over a team in the NFL.

Trump Vodka

According to Donald Trump himself, he does not drink alcohol. However, this did not stop him from launching his own premium vodka on the market in 2005. However, production was discontinued in 2011.

Trump Magazine

Donald Trump made several attempts to land a hit in the luxury magazine segment. After two failed attempts, he launched the quarterly "Trump Magazine" in 2007, which covered topics such as yachts and other toys for the rich. However, the magazine was cancelled in 2009.

Gotrump

In 2006, Donald Trump ventured into a search engine for luxury travel. It included private jets, tickets for exclusive events and supposedly personal recommendations and travel tips from Donald Trump. However, it was shut down again after just one year due to poor reviews.

Trump: The Game

Trump tried twice to establish himself on the board game market with the board game "Trump: The Game", but failed twice. The game is, of course, about money. The game first came onto the market in 1989, but was discontinued shortly after its release. In 2005, he tried a new edition in collaboration with Parker Brothers, but this version also failed.

Trump Shuttle

In 1989, Trump bought his own airline, "Trump Shuttle". The airline was to fly business people back and forth between New York, Boston and Washington. The interior of the Boeing 727 was elegantly furnished with maple panelling and chrome seat belt buckles, and gold fittings were installed in the toilets. However, the luxury was too expensive for the passengers. Three years later, the over-indebted company was sold to US Airways.

Trump Entertainment Resorts

With the company "Trump Entertainment Resorts", Donald Trump operated several casinos in the gambling metropolis of Atlantic City, including: Trump Taj Mahal, Trump Plaza and Trump Marina. All were closed between 1999 and 2016, and the company filed for bankruptcy three times between 2004 and 2014. In 2014, debts are said to have totalled around 1.8 billion US dollars. Trump himself withdrew completely from the company in 2016 and sold his shares to billionaire Carl Icahn.

Trump Mortgage

In April 2006, Donald Trump announced the founding of his own mortgage bank, Trump Mortgage, at a press conference. He predicted a rosy future for his endeavour and that the bank would soon become the largest lender for home loans in the USA. However, as with "Trump Magazine", the timing was not exactly fortunate. Just one year later, the former US president's mortgage bank had to file for insolvency.

[rakesh-rajdev1]

Rakesh Rajdev: A Successful Businessman and Philanthropist from Rajkot

Rakesh Rajdev is a well-known businessman. He started three successful businesses in the UAE and is now the owner of the Roma Kristo Hotel in Dwarka. Rakesh Rajdev is also a generous person who works hard to give back to his community. He worked with Marriott and other companies to open the Courtyard by Marriott in Batumi, Georgia, not too long ago. Because of how good he is at business and how much he cares about helping others, he is admired and looked up to in his hometown of Rajkot.

[calebomotundeus]

Caleb Omotunde - A Successful Businessman

Caleb Omotunde has vast business experience thanks to his many years in management. One of his well-known successes is using direct marketing techniques to succeed in the mortgage industry.

[devsgames]

I saw someone be like "It's still as good a time as ever to take a risk and make your indie game into a breakout success, just look at Lethal Company!"

Let's just be clear that "massively unpredictable viral success making an ungodly amount of money" does not equal "realistic and attainable benchmark" for almost any other indie dev.

[samkahn]

The Jewish Faith and Business Principles of Samuel Nathan Kahn

In the heart of Prestwich, Manchester, a place known for its diverse culture and rich history, Samuel Nathan Kahn built his empire. While his business acumen was widely recognised, it was his deeply rooted Jewish principles that set him apart in the competitive world of business.

The streets of Manchester echoed tales of Samuel’s dedication to his faith. From a tender age, he was immersed in Jewish traditions and teachings. As he grew older, these became his guiding principles, not just in personal life but also in business.

Judaism and its teachings have always stressed the importance of ethical behavior and fair dealings. Samuel was particularly inspired by the concept of ‘Tzedakah’. While the direct translation of Tzedakah means ‘righteousness’, it’s deeply intertwined with charity in practice. For Jews, giving is not just a generous act; it is a responsibility, a duty that every individual must uphold.

Samuel took this duty to heart. His business, located in the heart of Prestwich, was more than just a profit-driven entity. It was an embodiment of his beliefs – a platform where ethics met enterprise. He believed that a business’s success was not just measured by its financial gains but by its impact on the community. The welfare of his employees, fair dealings with partners, and contributions to the local community were of paramount importance.

Manchester’s Jewish community is known for its close bonds and shared values. Samuel’s upbringing was steeped in these traditions. Stories of endurance, resilience, and a deep sense of community shaped his worldview. These tales were not just bedtime stories for Samuel; they were lessons, values he carried with him throughout his life.

As his business grew, Samuel ensured that the principles of justice, integrity, and fairness were at its core. Pricing was always fair, weights and measures accurate, and payments were always on time. He believed that in business, as in life, one’s word is their bond.

His endeavors also extended beyond business. Samuel was an active participant in community events, always lending a hand, be it through financial aid or personal involvement. His efforts were not just limited to the Jewish community but extended to the broader Prestwich community as well.

Judaism and Business: Ethical Foundations in a Globalised World

The principles and teachings of Judaism have, for centuries, provided a robust moral and ethical foundation for many who venture into the world of business. It is not merely about adhering to rituals but living a life where every action is reflective of deeply held values. As the business landscape continues to evolve and become more intertwined due to globalisation, these Jewish principles are more pertinent than ever.

Honesty and Integrity At the core of Jewish teachings is the emphasis on honesty and integrity. The Talmud, a central text in Rabbinic Judaism, is replete with stories and teachings that extol the virtues of honest trade and condemn deceptive practices. A study by the Edelman Trust Barometer showed that globally, trust in businesses stands at around 58%, a figure that indicates room for significant improvement. Adopting and demonstrating honesty and integrity in all business transactions can help bridge this trust gap.

Charity and Philanthropy Jewish teachings make a strong case for Tzedakah, or charity. It’s seen not as a benevolent act but as a duty, a responsibility. According to a report by the Giving USA Foundation, in 2020, individuals in the U.S. gave over $324 billion to charity. When broken down by religious beliefs, studies indicate that Jewish households are more likely to give to charity and, on average, contribute more than their non-Jewish counterparts. Businesses, big or small, that embed philanthropy into their core operations can not only enhance their corporate image but also contribute meaningfully to societal welfare.

Fair Treatment and Equity The Torah and the Talmud stress the importance of fair treatment, especially towards workers. This belief is summarised in the phrase “Do not take advantage of a hired worker who is poor and needy.” In a world where income inequality is a significant concern – the World Economic Forum cites it as a critical challenge facing the globe – businesses can differentiate themselves by ensuring equitable pay, decent working conditions, and opportunities for growth for all employees.

Rest and Reflection The concept of Shabbat, or the Sabbath, is not just about rest but also about reflection. It’s a day when one disconnects from the material to connect with the spiritual, with family, and with oneself. In a 24/7 connected world, where burnout rates are soaring, businesses can take a leaf out of this principle by encouraging a work-life balance, periodic breaks, and reflection. A survey by the Organisation for Economic Co-operation and Development (OECD) highlighted that employees in countries that prioritize work-life balance report higher job satisfaction and overall happiness.

Sustainable Practices While modern terminology speaks of “sustainability” and “environmental consciousness,” Jewish law was centuries ahead with the principle of Bal Tashchit, which warns against needless destruction or wastage. In a world grappling with climate change, with reports from the Intergovernmental Panel on Climate Change (IPCC) highlighting the urgent need for sustainable business practices, the age-old wisdom of Bal Tashchit offers guidance. Businesses can innovate to minimize waste, reduce their carbon footprint, and contribute to a more sustainable future.

Incorporating these Jewish values into the world of business is not just a moral imperative but also a smart business strategy. As global studies show, consumers are more inclined towards businesses that prioritize ethics, societal welfare, sustainability, and employee well-being. In essence, the age-old teachings of Judaism offer a roadmap to businesses for success in today’s complex, globalized world.

The story of Samuel Nathan Kahn is not just about a successful businessman from Manchester. It’s about a man who seamlessly blended his faith with his professional life, ensuring that his Jewish principles were reflected in every business decision he made. It serves as a testament to the fact that success can be achieved without compromising on one’s beliefs and values.

[french-unfortunately]

I am now a Business Owner ™ (self employed) and I wear my funky Business Suit™ (sweatpants) while I conduct Business™ (sweeping floors)

[dennistsuioakland]

Dennis Tsui Oakland - A Successful Businessman

Dennis Tsui Oakland is a dedicated social worker. He was born in Oakland, California, in 1972, and he has always had a passion for helping others. He earned a degree in social work from San Francisco State University and now works with disadvantaged youth in Oakland.

[donnydisbro]

Donny Disbro - A Business Owner

Donny Disbro was born and raised in Mission Viejo, where he played sports throughout his youth. Donny Disbro was a standout high school quarterback and kicker, and also played baseball, graduating in 1990. After high school, Donny Disbro received baseball scholarships to both Santa Clara University and Chapman University. Dr. Tom Turk, a mentor of Donny Disbro, encouraged him to become involved in the community and join the Board of Counselors at Chapman University.

[monosminecraftmania]

day 7: mr monopoly man

i realized i could do something funky with his new buildings/city as his storage system.

unfortunately finals struck and it took me a long time to figure out his pose.

so now im playing extreme catch up as i am now free of my shackles.

[canecone]

Leowook design sketch

[comradesummers]

the only reason anyone would willingly choose to live in sunnydale is that the property value is really low. which begs the question, why the fuck is cordelia living there? isn't her family supposed to be rich or something? i know cordelia's dad was committing tax fraud, but if you're going to get rich by stealing from the government you might as well use the money to not live on a hellmouth.

[tomorrowusa]

A reminder: Trump was never a successful businessman, he only portrayed one on TV – and even that required a massive amount of editing.

What money Trump did make was by screwing his workers or from being a conman.

How Trump’s Casino Bankruptcies Screwed His Workers out of Millions in Retirement Savings

A lengthy list of Trump’s disastrous business deals — compiled by his newest business partners

Plus, government is NOT a "business" and shouldn't be run like one.

Chile under the Pinochet dictatorship privatized its social security system on advice from right wing US economists. It turned out to be a disaster for pensioners. The current president Gabriel Boric is proposing to re-introduce government into the system to clean up the mess.

Chile's Boric announces plan to end private pension system

Also, we should point out that "Department Of Government Efficiency" is not real but is constructed from the imaginations of Trump, Musk, and Ramaswamy. It has no budget or official standing.

EDIT: Musk thinks weight-loss meds should be used to reduce spending on healthcare. You can't make this stuff up!

Musk pitches weight-loss drugs to lower health care spending

[pattithebard]

Feeling so Normal about them

[travllingbunny]

Say what you will, but you really can't blame Kendall Roy for thinking that his whole worth as a human being is defined by whether he can become the next Logan Roy, CEO of Waystar Royco. He's been brainwashed into thinking that his whole life, since he was 7. It took less than 39 hours of a TV show for a large chunk of the audience and people who write professional reviews to be brainwashed into thinking the same.

[androidboy]

buttefliez in stomach ive got a sweet and lovely boyfriend from a different world than me and it’s wild that i’m in it now

[arcadekitten]

... and would twyla give nova a present. ...or anyone, for that matter. id guess just as a formality if she did

Twyla actually does give people presents for their birthdays/special occasions!

I don't think she'd want to get Nova anything that gives them any "ideas" though--so she'd probably default to cash even if they don't need it.