With his battle with Megyn Kelly and Fox News still raging, Donald Trump got into another spat on Thursday—this time with an ultra-wealthy Saudi prince who helped him out, financially, twice in the nineteen-nineties, when some of Trump’s businesses were struggling.
In December, after Trump called for a ban on Muslims entering the United States, the Prince tweeted, “You are a disgrace not only to the GOP but to all America. Withdraw from the U.S presidential race as you will never win.” Trump fired back: “Dopey Prince @Alwaleed_Talal wants to control our U.S. politicians with daddy’s money. Can’t do it when I get elected. #Trump2016.”
The Prince to Trump: I bailed you out twice;a 3rd time,maybe?”
According to Forbes magazine, he is the richest individual in the Arab world, with a net worth of more than seventeen billion dollars. On Wall Street, he is known for buying beaten-down stocks and holding onto them for a long time, and for being a passive investor. During the early nineties, he bought into News Corporation, Rupert Murdoch’s company. He is still the second-biggest investor, behind Murdoch, in 21st Century Fox, which was split off from News Corp. a couple of years ago (but to describe him, as the doctored image did, as the “co-owner” of Fox News is a big stretch). He also owns stakes in Apple, Disney, Citigroup, and Twitter.This latest tweet battle with Trump refers to the Prince’s investments in troubled Trump properties. The first of these transactions took place in 1991, when, according to Businessweek, bin Talal bought Trump’s huge yacht the Trump Princess from creditors, for eighteen million dollars. At the time, Trump’s Atlantic City casinos were heavily indebted; he also put his airline, the Trump Shuttle, up for sale.
Yall can keep talking shit about how smart of guy this charlatan is if you want to. If he's elected will he run America into the ground and then call on the Saudi's to bail us out like's he's done time and again with his failed businesses?
The second deal came in 1995, when bin Talal and a partner, a Singapore hotels company, paid hundreds of millions of dollars to take control of The Plaza, on Fifth Avenue, from Trump. A Times story at the time said that the buyers had agreed to “pay part, or all, of Mr. Trump’s $300 million mortgage on the hotel, guarantee interest payments on Mr. Trump’s Plaza debt and spend $28 million to renovate part of the hotel.” Trump, the article said, was “under heavy pressure because of more than $115 million of guarantees he has given on the Trump Organization’s debt, and because of his recently announced attempt to raise $250 million to expand his casino investments.”
http://www.newyorker.com/news/john-c...s-donald-trump