This Hong Kong businessman says filing lawsuits is 'just like having lunch' for Donald Trump

Hong Kong businessman gives his opinion of Trump.
(Image credit: PHILIPPE LOPEZ/AFP/Getty Images)

Hong Kong businessman Vincent Lo learned the hard way just how costly getting on Donald Trump's bad side can be. What started out in 1994 as a successful business relationship between Lo and Trump culminated in 2005 in a $1 billion lawsuit, after Trump decided he was displeased with how a deal went down.

Lo, along with other Hong Kong businessmen who bailed Trump out of major financial trouble by investing in one of Trump's midtown Manhattan properties, eventually sold the 77-acre property near Lincoln Center for $1.76 billion, which The New York Times reports is "believed to be the largest residential real estate transaction in the city's history." But instead of being thrilled by the deal, Trump was livid. He said his partners didn't consult with him, and that if they had, they could've gotten more money.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us