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Life & Style

Muslim businessman saved Trump from bankruptcy

Published Updated

imageDonald Trump the out spoken US Presidential candidate from the Republican Party is known for stirring media attention by giving controversial statements.

The billionaire businessman regularly boasts about his successful business empire, but he was not once but twice saved from bankruptcy by a Saudi born Muslim businessman.

Saudi billionaire Prince Al-Waleed Bin Talal has said he twice saved the US presidential candidate from bankruptcy, describing him as a “bad and ungrateful person”. The Chairman and CEO of Kingdom Holding Company, a Saudi conglomerate said this in an interview with Turkey’s Hurriyet newspaper.

The prince said he bought Trump’s hotels after they were acquired by the banks which demanded Trump to repay his debts. Whereas, the yacht Talal used to come to Antalya, is one he bought from Trump when he was threatened with bankruptcy, the Saudi billionaire informed.

Donald Trump has been at the receiving end from media and social circles for giving controversial statements. He has previously stated to build a wall between US-Mexico border to stop illegal immigration, and also put a temporary ban on Muslims entering US as well.

Copyright Business Recorder, 2016

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