He cut most of his ties with Atlantic City in 2009, though he retained a small stake in its parent company, Trump Entertainment Resorts, in return for the right to use his name.Īt the end, Trump had no ownership interest at all: His stake was wiped out last year when Icahn acquired Trump Entertainment Resorts from bankruptcy. Trump, now the nation’s 45th president, dubbed the Taj Mahal “the eighth wonder of the world” when it opened. Billionaire investor Carl Icahn has revealed in documents filed with federal securities regulators that he sold the shuttered Taj Mahal, which the now-president of the United States built for $1.2 billion in 1990, for $50 million to Hard Rock International, or about 4 cents on the dollar from what Trump spent on it. 3, 2014, file photo, shows a plaque bearing the likeness of Donald Trump at the entrance to the Trump Taj Mahal Casino resort in Atlantic City N.J. Wayne Parry, The Associated PressFILE – This Nov. Digital Replica Edition Home Page Close Menu
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