Donald Trump is a tightwad. There is evidence of his cheapness in hundreds of lawsuits from laborers and contractors who claim that Trump stiffed them on the bill after they’d worked for him. The only thing that Trump likes to spend money on are photo-op decorations. If it’s an eyesore, Trump will likely have two of them.
Trump’s net worth is rated somewhere around $2 billion, and there’s only one way to get to the top of the money pile in the way the Trump family has done, and that’s to cut corners whenever you see possibility.
That’s why the Trump Organization just asked the federal government for help on the rent in these troublesome coronavirus times.
Yes, the BILLIONAIRE president is asking for help with the rent on his luxury Trump International Hotel in Washington, D.C..
According to NY Times:
In recent weeks, the president’s family business has inquired about changing its lease payments, according to people familiar with the matter, which the federal government has reported amount to nearly $268,000 per month.
The Trump Organization owns and operates the luxury hotel, but it is in a federally owned building on Pennsylvania Avenue. As part of its deal to open the 263-room hotel, the company signed a 60-year lease in 2013 that requires the monthly payments to the General Services Administration.
Now this is what most people would call Trump’s problem, as every other business in the nation has been hit by the pandemic, and Trump’s precious hotel is not special. The hotel is a favorite for D.C. lobbyists looking for souls to steal.
Eric Trump, the president’s son, confirmed that the company had opened a conversation about possible changes to the terms of the lease, which could include adjustments to future monthly payments. The Trump Organization has said it is current on its rent.
The younger Mr. Trump said the company was asking the G.S.A. for any relief that it might be granting other federal tenants. The president still owns the company, but his eldest sons run the day-to-day operations.
They don’t deserve a dime.