Saudi Prince Alwaleed bin Talal purchases Trump yacht during financial crisis
Saudi Prince Alwaleed bin Talal purchased Trump’s yacht “Trump Princess” for $20 million in 1991, providing crucial liquidity during Trump’s severe financial crisis. Trump had bought the 282-foot yacht (originally owned by arms dealer Adnan Khashoggi) for $29 million in 1988, taking a $9 million loss. This bailout occurred when Trump faced personal guarantees on $900 million in debt, marking the beginning of decades of Saudi financial entanglements with Trump’s business empire.
Key Actors
Sources (3)
- A Saudi prince helped save Trump from bankruptcy—twice (2018-11-20)
- Trump's Financial Troubles? How About That Yacht (1991-07-07)
- Trump's Conflicts of Interest in Saudi Arabia (2018-06-14)
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