NBR Rich Lister Terry Serepisos has been named to assume the role of Donald Trump in the local version of reality TV show The Apprentice.

Both are flamboyant property owners and developers, albeit on a contrasting scale. Mr Serepisos, 46, was valued at $140 million on this year’s Rich List, based on several audits the NBR requested.

Donald Trump’s wallet is taking a hit, with developments in strife around the globe thanks to a perfect storm of economic conditions.

International media reports detail a variety of troubled ventures that Mr Trump took on in sunnier times, before the credit crunch hit and the property market deflated to a level somewhat resembling sanity.

One Trump Organisation project, a 62-storey skyscraper in Dubai, has had to be put on hold due to the sudden collapse of the luxury apartment market in that country.