The so-called protectors of political-correctness and rights advocates could not have worse time to criticize Donald Trump. Instead of attracting supporters to their cause and alienating the billionaire and his business, the reverse has taken place.
Critics of the real-estate mogul hailed the decision of several minor organizations to cut ties with him after he cited what many have ignored before: lack of appropriate border measures to keep the undesirable aliens away from American soil. He also appropriately called Mexican illegals as rapists and murderers.
Macy, ESPN, NBCUniversal, NASCAR, Univision Holdings Inc. and Serta Inc. have all cut ties with Trump, but these are all small businesses in terms of dollar volume. The reality star and a Republican presidential contender has a more lucrative deal overseas that grows faster and can easily offset any losses in the U.S.
"So far as the Trump-Panchshil association is concerned, this stands unaffected and we will continue our association with the Trump Organization," Surbhi Gupta, a spokeswoman for Panchshil Realty, Trump’s development partner in two condominium towers in Pune, India, said in an e-mail to Bloomberg.
The company also reflected what other business initiative Trump has in other countries by declining to comment on Trump's remarks, "since we are unaware of the ground situation there, from a social and political context," the e-mail said.
Developers in the Philippines, Turkey, Panama, Canada, India, and Uruguay pay Trump billions in licensing fees to put his name on buildings he neither built nor owns, with an aim to sell condominiums and hotel rooms at higher prices. These deals provide nearly risk-less revenue streams for Trump, which, along with income from properties he owns, helps pay down existing debts and fund new projects.
"Mr. Trump is successful and wealthy and one of the great things about the empire he's built is that it’s diverse—both geographically and across numerous business lines," said Alan Garten, general counsel for Trump. "It can withstand situations like this."
That Trump’s remarks aren’t registering outside of North America doesn’t surprise Nick Andrews, a London-based senior partner and crisis management expert at public relations firm Fleishman-Hillard Inc.
"He's better-known as a celebrity than as a businessman outside of the U.S.," Andrews said. "And outrageous things are exactly what celebrities often say. Most people don’t follow U.S. politics that closely anyway."
The billionaire told Bloomberg his net worth was US$ 10 billion on 3 June. A document disclosed to reporters on 16 June put the number at around US$ 8.7 billion. The biggest line item, in his own estimation, is US$ 3.3 billion for "real estate licensing deals, brand and branded developments."
A Bloomberg assessment found Trump’s largest assets, including the commercial spaces at Trump Tower on Fifth Avenue in New York, the leaseholds to 40 Wall Street and Manhattan’s Niketown, a partnership with Vornado Realty Trust in two office buildings, and his collection of golf courses and resorts, to be worth at least US$ 2.4 billion.
Trump's popularity is also in all-time high after survey result's showed his surging ranking in the presidential race.
Critics of the real-estate mogul hailed the decision of several minor organizations to cut ties with him after he cited what many have ignored before: lack of appropriate border measures to keep the undesirable aliens away from American soil. He also appropriately called Mexican illegals as rapists and murderers.
Macy, ESPN, NBCUniversal, NASCAR, Univision Holdings Inc. and Serta Inc. have all cut ties with Trump, but these are all small businesses in terms of dollar volume. The reality star and a Republican presidential contender has a more lucrative deal overseas that grows faster and can easily offset any losses in the U.S.
"So far as the Trump-Panchshil association is concerned, this stands unaffected and we will continue our association with the Trump Organization," Surbhi Gupta, a spokeswoman for Panchshil Realty, Trump’s development partner in two condominium towers in Pune, India, said in an e-mail to Bloomberg.
The company also reflected what other business initiative Trump has in other countries by declining to comment on Trump's remarks, "since we are unaware of the ground situation there, from a social and political context," the e-mail said.
Developers in the Philippines, Turkey, Panama, Canada, India, and Uruguay pay Trump billions in licensing fees to put his name on buildings he neither built nor owns, with an aim to sell condominiums and hotel rooms at higher prices. These deals provide nearly risk-less revenue streams for Trump, which, along with income from properties he owns, helps pay down existing debts and fund new projects.
"Mr. Trump is successful and wealthy and one of the great things about the empire he's built is that it’s diverse—both geographically and across numerous business lines," said Alan Garten, general counsel for Trump. "It can withstand situations like this."
That Trump’s remarks aren’t registering outside of North America doesn’t surprise Nick Andrews, a London-based senior partner and crisis management expert at public relations firm Fleishman-Hillard Inc.
"He's better-known as a celebrity than as a businessman outside of the U.S.," Andrews said. "And outrageous things are exactly what celebrities often say. Most people don’t follow U.S. politics that closely anyway."
The billionaire told Bloomberg his net worth was US$ 10 billion on 3 June. A document disclosed to reporters on 16 June put the number at around US$ 8.7 billion. The biggest line item, in his own estimation, is US$ 3.3 billion for "real estate licensing deals, brand and branded developments."
A Bloomberg assessment found Trump’s largest assets, including the commercial spaces at Trump Tower on Fifth Avenue in New York, the leaseholds to 40 Wall Street and Manhattan’s Niketown, a partnership with Vornado Realty Trust in two office buildings, and his collection of golf courses and resorts, to be worth at least US$ 2.4 billion.
Trump's popularity is also in all-time high after survey result's showed his surging ranking in the presidential race.