Unfortunately, it appears that Elagabalus has bought, hook, line and sinker, into the mythology that the liberal media has created around President-Elect Trump.  For one, the bankruptcies of various parts of his business were, by and large, the result of a fall in the real estate market, and a decline in gaming in Atlantic City.  Only once was it the result of a bad economic decision, and that was when he purchased the Plaza Hotel - a decision he recognized was bad, but that was made out of emotion and love for the hotel.  

Furthermore, the bankruptcies were all within the law, and designed to keep the businesses operating and people employed, which would not have been the case had bankruptcy not been sought; real people would have lost their jobs.  Also, in each bankruptcy, Trump was required to surrender assets and ownership stakes worth considerable amounts of money.  So, the claim that he "personally profited at everyone else's expense" is an obvious lie.