Another Barter Triumph For Trump

An interesting story is developing around the $1 billion lawsuit filed last week by Donald Trump against a group of his Hong Kong investment partners.

The partnership took place back in 1994 when Trump was experiencing financial difficulties. At the time he held a 77-acre plot on Manhattan’s West Side that several Hong Kong investors purchased for $82 million, assuming $250 million in debt.

At the time, although Trump pulled his own money out of the deal he bartered for a 30% interest in the newly formed partnership by lending his name and expertise to the development.

The recent lawsuit revolves around the $1.76 billion sale of the subsequent building now on the property. Trump contends there were several higher priced offers to buy the property. The Hong Kong investors say no written offers were received higher than the selling price. Win or lose on the lawsuit, Trump’s skilled bartering efforts will mean a big payoff for him.

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