How Fred Trump Built Donald Trump’s Financial Empire | NYT News


In Donald Trump’s version of how he got rich, he was the master dealmaker who parlayed a $1 million loan from his father into a $10 billion empire. But our investigation shows that in every era of Mr. Trump’s life, his finances were deeply intertwined with, and dependent upon, his father’s wealth, receiving the equivalent of over $400 million from his father’s real estate empire.

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