Earlier quoted context omitted.
I thought the narrative was a $1 million dollar loan from his father? Do you have a source for "100's of millions"? Sure, a $1 million dollar loan from family is pretty generous, and an amazing starting place - certainly not a "from nothing" tale. However, it's not outlandish money for a business loan to a top-rated business school graduate with extensive industry experience either. I'd also wager if you gave most pe…
https://www.nytimes.com/interactive/2018/10/02/us/politics/d...
Donald Trump had already taken over the business in 1971.
Seriously disingenuous to call it "his father's real estate empire" 30 years later.
Even more disingenuous to claim he received $413 million in today's dollars through tax dodges - it's not like you get paid by paying less taxes; that was money earned regardless. Not to mention the framing of "tax dodging" vs "paying the minimum amount the government required by law". (Taxes are due tomorrow - did you decide to pay more than you were required just out of generosity? I'd bet not.) It's also unclear what "records" the article is citing, since Trump's tax returns famously have never been released. I'd like to think, by now, if something nefarious was up with the Trump tax returns, the IRS would have taken notice...
Clearly the NYT has an axe to grind. Their word choice, and decision to lump a decade into one monetary number, and represent earnings earned while serving as company president as some sort of fatherly gift is clearly a misrepresentation of reality.
> Trump started out with 100's of millions
Flatly, this is wrong. Ran the company for 30 years before earning that money. That's not "starting out" no matter what way you want to frame it.
So, in short, this myth is busted.