Father and Son
In 1982, Donald and Fred Trump cracked the list of the richest Americans released by Forbes. At the time, the father and son duo had accumulated a fortune of $200 million between them. In 1976, Fred created a trust fund for each one of his children and grandkids, they were each given $1 million. This is what Donald must be referring to when he says that a “small loan of $1 million,” is what started off his career. If you think $200 million was enough for Donald you are wrong…
Father And Son
The Business
Donald kept making more and more money throughout the ’80s. He eventually made the list of Forbes billionaires in 1989. However, it was later said by Jonathan Greenberg, a reporter, that Trump had tricked him about the family wealth to make it on the list. Regardless, Trump did not spend a lot of time on the billionaire list. From 1990 until 1995, the business lost a ton of money and he lost his spot. In the picture below, he discussed 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
