54 chapters I don't quite understand_3

Originally in 1988, he was preparing to acquire the third casino, the famous Taj Mahal in Atlantic City.

However, at the time, the Trail Blazers were also up for sale, and Tang Jianguo immediately switched targets, deciding to acquire the Trail Blazers.

In just two years, reality proved that this change of choice was very important.

Because besides the Portland Trail Blazers, his other assets had reached the edge of loss and forced sale.

What's worse, the money used to acquire these assets was mostly borrowed from banks.

Throughout the 1980s, he borrowed over 4 billion US Dollars from banks to expand his business empire.

Now, these real estate projects were in loss either due to poor management or economic shocks.

Tang Jianguo's loans were definitely irrecoverable, shifting his financial status from "wealthy" to "debt-ridden," not to mention being removed from the Forbes rankings, the major banks also expressed that they would not extend any more credit to him.