Friday, December 13, 2024

trump was a millionaire by age 8 - now is $791M in debt

https://en.wikipedia.org/wiki/Donald_Trump

Trump has often said he began his career with "a small loan of a
million dollars" from his father and that he had to pay it back with
interest.[113] He was a millionaire by age eight, borrowed at least
$60 million from his father, largely failed to repay those loans, and
received another $413 million (2018 dollars adjusted for inflation)
from his father's company.[114][84] In 2018, he and his family were
reported to have committed tax fraud, and the New York State
Department of Taxation and Finance started an investigation.[84] His
investments underperformed the stock and New York property
markets.[115][116] Forbes estimated in October 2018 that his net worth
declined from $4.5 billion in 2015 to $3.1 billion in 2017 and his
product-licensing income from $23 million to $3 million.[117]

Trump's tax returns from 1985 to 1994 show net losses totaling $1.17
billion. The losses were higher than those of almost every other
American taxpayer. The losses in 1990 and 1991, more than $250 million
each year, were more than double those of the nearest taxpayers. In
1995, his reported losses were $915.7 million[80] (equivalent to $1.83
billion in 2023).[46] In March 1987, Trump halved his net worth in a
sworn statement to $1.5 billion ($1.9 billion in 2023),[46] but
accountants reported his net worth at less than zero[118] or minus
$295 million ($791 million in 2023).[46]

MINUS $791M ?

No comments:

Post a Comment