1991: Bankruptcy #1
In 1990, Donald Trump opens the $1 billion Trump Taj Mahal Casino Resort in Atlantic City, N.J. One year later, the venture would file for Chapter 11 reorganization after accumulating $3 billion in debt.
Meanwhile, Trump reportedly racked up nearly $900 million in personal liabilities. He gives up half his personal stake in the casino and sells his yacht and airline.
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