4 ms·

Doesn't that mean he just had more money than he was dumb enough to lose at the time?

• mcv 6y ago
  He also has the name, connections and status that help him get more money. Despite his bankruptcies, there are still people willing to do business with him, invest in his projects, etc. At the moment he's probably mostly propped up by Russian money, but those Russians would not do that for just any bum on the streets.
  • collyw 6y ago
    Given that his businesses seem to be successful now, those seem to have been good investments.
    • mcv 6y ago
      Not so. Most people lose money on it. He has a knack for sticking other people with the bill for his bankruptcies while he gets his money out in time. The only bank that still wants to do business with him is the Deutsche Bank, and a lot of people suspect there might be some sort of money laundering or other questionable transactions going on.