How to avoid bankruptcy and be happy: The Donald Trump masterclass

How to avoid bankruptcy and be happy: The Donald Trump masterclass

FP Staff August 13, 2014, 08:45:02 IST

Trump says despite the tough times that he has seen in his life or career, in early 90s, he saw many a successful people or businessmen filing for bankruptcy, but he was never one of them

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How to avoid bankruptcy and be happy: The Donald Trump masterclass

American real estate mogul Donald Trump is planning “substantial investments” in the Indian property and hotel sectors, betting on Prime Minister Narendra Modi-led new government’s efforts to revive the economic growth and boost infrastructure.

“I do see India as a great place to invest, and I think the election made that even better,” said Trump, who was in India to launch Trump Tower in Mumbai, his first project in the country’s financial capital, in collaboration with India’s Lodha Group.

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“People are coming into India now that maybe would not have prior to the election,” Trump said. “We will make investments in India, substantial investments in India. It’s a great place to invest.”

Trump said that in his 20s and 30s, the only thing he thought about was massive success and now at 68-years of age and after seeing ‘massive success’, he said success is about happiness.

In an chat with_CNBC-TV18’_s Shereen Bhan, Trump says, “Financial success definitely makes life easier. But I know many financially successful people who are miserable in their lives - every aspect of their lives. I don’t consider them truly successful.”

Trump says despite the tough times that he has seen in his life or career, in early 90s, he saw many a successful people or businessmen filing for bankruptcy, but he was never one of them.

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“I believe in using the laws of the land to my advantage,” he adds.

“We have had a couple of companies like everybody else, you look at Carl Icahn, Henry Kravis, Leon Black, you look at so many different people and they have all used those laws to their advantage. Unfortunately, when I have used them, it is Trump fail through it, no I never went bankrupt,” he said.

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Trump, the president and chairman of Trump Organisation, says he loves his work.

“That is what drives me the most. It is not the lure of the lucre, but the love for the job,” he said, adding,“You need the energy to be successful.”

Trump, who has also been the star of a reality show, also said that people without ego will never succeed.

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Trump has entered into a licensing pact with Lodha for Trump Tower in Mumbai, a luxury residential tower that will offer its residents indoor jacuzzi tubs and world-class concierge services. He is yet to make an equity investment in the country.

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