Yep it helps a lot to get $400 million from daddy, without that money Trump would be a broke bad businessman......how much money he is actually worth is subject to much debate and the reason he does not want his taxes out there.......he is not even close to as wealthy as he claims, the man is a grifter and liar and millions of Americans bought his BS hook line and sinker.....Trump literally was losing more personal wealth than any other single person in the country at one point......he had to have his dad come to his casino's and buy 3.5 million in chips then not use them which is illegal.....I mean the guy is just a crook.....
The Trump Castle Casino Resort, admitting that a $3.5-million loan from Donald J.
www.latimes.com
ATLANTIC CITY, N.J. —
The Trump Castle Casino Resort, admitting that a $3.5-million loan from Donald J. Trump’s father violated state gaming laws, has agreed to a $30,000 penalty, officials said Tuesday.
Many Americans still believe that the President is a savvy and successful businessman who knows what he is doing. But the actual record suggests the exact opposite.
www.newyorker.com
“In fact, year after year, Mr. Trump appears to have lost more money than nearly any other individual American taxpayer, the Times found when it compared his results with detailed information the I.R.S. compiles on an annual sampling of high-income earners,” Buettner and Craig write. “His core business losses in 1990 and 1991—more than $250 million each year—were more than double those of the nearest taxpayers in the I.R.S. information for those years.”
In case you didn’t take all that in, here is a quick recap:
when Trump was portraying himself as a newly minted billionaire and financial genius, his core businesses were losing money hand over fist. Assuming the Times reporters’ analysis of the I.R.S. data on high earners is accurate—and there is no apparent reason to doubt it—he was the biggest loser in the country for two years in a row.