Post ID 23155

Getting a million buck loan

Trump’s infamous $1 million loan from their dad had been evidently simply the to begin numerous

Whenever Donald Trump boasts he began his “$10 billion” real-estate kingdom with only a $1 million loan from his daddy, he could nearly be telling the story that is whole. The Wall Street Journal reported that when all of Donald’s loans and gifts from his father, Fred Trump, are taken into account, the assistance totals well into the millions friday:

In 1980, around the time Mr. Trump was laying the groundwork to build a casino in Atlantic City, New Jersey, his father lent him $7.5 million, a matter previously reported september. In 1981, whenever Mr. Trump sent applications for a gambling establishment permit, regulators discovered he received a $100,000 salary as an administrator vice president at their father’s business, Trump Management Inc., and annual trust cash that diverse from around $32,000 per year to a lot more than $200,000. (more…)