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> Trump inherited lots of money Do you have a source for that? My understanding was that he received a $1MM loan from his Father after graduating business scho
by leesalminen 10y ago
> Trump inherited lots of money
Do you have a source for that? My understanding was that he received a $1MM loan from his Father after graduating business school.
- JoeAltmaier 10y agoand then inherited 100's of M when his father died.
- tomp 10y agoNo. Do you? As I said, it's a contentious issue, plagued by bad data and deliberate misinformation. I doubt anyone knows the facts, not even Trump himself. But, Googling e.g. "trump wealth" brings up a few articles that discuss the source (and evolution) of his wealth.
- leesalminen 10y agoThat's the only point I was trying to make. There is a lot of misinformation flying around on both sides and it's useful to know where the information came from so one can determine its veracity.
- mikeyouse 10y agoHis dad was worth ~$250M at the time of his death... Given the family dynamics, I'm assuming he didn't bequeath that wealth to charity. https://www.washingtonpost.com/news/wonk/wp/2016/02/29/the-myth-and-the-reality-of-donald-trumps-business-empire/ https://www.washingtonpost.com/news/wonk/wp/2016/02/29/the-m... Aside from the cash loans, he was made an executive in his father's real estate firm which owned a bunch of buildings in Manhattan. His father would further help prevent his businesses from going bankrupt by illegally propping up Trump's NJ casino with a $3.5M gift in the 1990s: http://articles.philly.com/1991-04-09/news/25780577_1_casino-control-act-donald-trump-casino-owners http://articles.philly.com/1991-04-09/news/25780577_1_casino...