Publication by a major news outlet such as the New York Times, Washington Post, or Wall Street Journal

Trump Inherited $413 Million, Declared Bankruptcy Six Times, Put on $425,000 Allowance

Sep 11, 2024, 01:43 AM

Donald Trump received at least $413 million from his father's real estate empire, starting from a young age. Despite this substantial inheritance, Trump declared bankruptcy six times. An investigation by the New York Times in 2018 revealed that Trump received the equivalent of $413 million in today's dollars from his father. Critics argue that he would have been more financially successful if he had invested the money in index funds rather than his business ventures. He failed so badly that the banks needed to put him on a $425,000-a-month allowance.