Donald Trump says it ‘hasn’t been easy’ for him financially. But he omits a few things.

[Eugene]

Source: Washington Post

Donald Trump says it ‘hasn’t been easy’ for him financially. But he omits a few things.

By Philip Bump October 26 at 10:08 AM

"It has not been easy for me. It has not been easy for me," Donald Trump said Monday morning during a televised town hall on the "Today" show. What hadn't been easy? His career.

"I started off in Brooklyn," he explained. "My father gave me a small loan. … I came into Manhattan and I had to pay him back, and I had to pay him back with interest."

The small loan? We took the number out of that quote for effect. It was a small loan of $1 million.

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Trump's net worth has been an object of fascination for a long time, in part because much of his wealth is privately held and because he is enthusiastic about inflating the numbers. ("Have you ever exaggerated in statements about your properties?" he was asked during a deposition in 2007. "I think everyone does," he replied.)

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Read more: https://www.washingtonpost.com/news/the-fix/wp/2015/10/26/donald-trump-says-it-hasnt-been-easy-for-him-financially-but-he-omits-a-few-things/

[Kalidurga]

1. That reminds me of another plucky young man who had to live off of stock options for a time...

The poor poor Rmoney's who ate off of an ironing board.

[onehandle]

2. I heard there might have been a stain on the ironing board.

Black truffles stain so easily.

Such a horror this must have been for them.

[Kalidurga]

3. Yes they were really struggling

I heard they could only afford one of those and they had to split it.

[Jim__]

4. Anyone who thinks a "starting loan" of $1 million is a small loan ...

... doesn't have a clue about how most people have to live.

[ProfessorGAC]

5. Now, That's An Entitlement. . .

. . .i'd be happy to see gone! A million dollar "loan" from dad, that many years ago.

It's not a small loan now, and it definitely was much larger when the loan was made.

[TlalocW]

6. And let's not forget his inheritance when his dad died

I believe it was $200,000,000. According to the most generous estimates, Trump's value is just below 5 billion. If he had taken that inheritance and invested it in mutual funds that tracked the S&P 500 and then did nothing, he would be worth over $8 billion today.

TlalocW