Maybe they will let him play with their Orb again…
The president’s links to Saudi billionaires and princes go back years and appear to have only deepened.
In 1991, as Mr. Trump was teetering on personal bankruptcy and scrambling to raise cash, he sold his 282-foot yacht “Princess” to Saudi billionaire Prince Alwaleed bin-Talal for $20 million, a third less than what he reportedly paid for it.
Four years later, the prince came to his rescue again, joining other investors in a $325 million deal for Mr. Trump’s money-losing Plaza Hotel.
In 2001, Mr. Trump sold the entire 45th floor of the Trump World Tower across from the U.N. in New York for $12 million, the biggest purchase in that building to that point, according to the brokerage site Streeteasy. The buyer: The Kingdom of Saudi Arabia.
Shortly after he announced his run for president, Mr. Trump began laying the groundwork for possible new business in the kingdom. He registered eight companies with names tied to the country, such as “THC Jeddah Hotel Advisor LLC” and “DT Jeddah Technical Services,” according to a 2016 financial disclosure report to the federal government. Jeddah is a major city in the country.
“Saudi Arabia, I get along with all of them. They buy apartments from me. They spend $40 million, $50 million,” Trump told a crowd at an Alabama rally on Aug. 21, 2015, the same day he created four of the entities. “Am I supposed to dislike them? I like them very much.”
Maybe they will let him play with their Orb again…
The president’s links to Saudi billionaires and princes go back years and appear to have only deepened.
In 1991, as Mr. Trump was teetering on personal bankruptcy and scrambling to raise cash, he sold his 282-foot yacht “Princess” to Saudi billionaire Prince Alwaleed bin-Talal for $20 million, a third less than what he reportedly paid for it.
Four years later, the prince came to his rescue again, joining other investors in a $325 million deal for Mr. Trump’s money-losing Plaza Hotel.
In 2001, Mr. Trump sold the entire 45th floor of the Trump World Tower across from the U.N. in New York for $12 million, the biggest purchase in that building to that point, according to the brokerage site Streeteasy. The buyer: The Kingdom of Saudi Arabia.
Shortly after he announced his run for president, Mr. Trump began laying the groundwork for possible new business in the kingdom. He registered eight companies with names tied to the country, such as “THC Jeddah Hotel Advisor LLC” and “DT Jeddah Technical Services,” according to a 2016 financial disclosure report to the federal government. Jeddah is a major city in the country.
“Saudi Arabia, I get along with all of them. They buy apartments from me. They spend $40 million, $50 million,” Trump told a crowd at an Alabama rally on Aug. 21, 2015, the same day he created four of the entities. “Am I supposed to dislike them? I like them very much.”