Father and Son
In 1982, Donald and Fred Trump made it to the list of the richest Americans released by Forbes. At the time, the father and son dup had a fortune of $200 million between them. In 1976, Fred created a trust fund of $1 million for each of his children and grandkids. This must be what Donald meant when he said he kicked off his career with a “small loan of $1 million” courtesy of his dad. However, he probably had access to the money made by his dad and grandfather. However, you are mistaken if Donald Trump was happy with his $200 million wealth!
Father And Son
The Business
Donald kept accumulating more and more money in the ‘80s. He eventually earned a spot on the list of billionaires that Forbes released in 1989. However, a reporter by the name of Jonathan Greenburg said that Trump tricked him about the family wealth to make it to the list. At any rate, Trump did not spend a long time on the billionaire list. From 1990 until 1995, he suffered business losses and lost his spot. In the photo, Trump talked about his failed bid to construct the New York City convention center: “#TBT As a young man when I proposed the Convention Center in New York City.”
The Business