Where does Donald Trump's immense fortune come from?
The American president is very rich, he says so himself. But where does this immense fortune come from? According to an investigation by the "New York Times", Donald Trump would have benefited above all from his father's wealth, and his fraudulent financial arrangements ...
The American President built his media and then political career on his fortune. He often boasts: "I am rich, very rich". His reality TV showcased this ostentatious fortune, his triplex covered with gilding at the top of the tower that bears his name on the most expensive avenue in the United States, his Trump planes ...
And in the 1980s, he built this legend of the billionaire who made himself alone. He admitted to taking a million dollar loan from his father to begin with, but then, as he has said many times, he built an empire on his own, using only his talent in business.
Except that a New York Times investigation tells a whole different story. It was carried out for 18 months, is based on 100,000 documents, like a puzzle of a million pieces, for 8 pages in the journal of this Wednesday, October 3. The New York Times calculates that Donald Trump received at least the equivalent of $ 413 million from his father, or 356 million euros, and much of that money escaped tax controls.
How is it possible ?
His father, Fred Trump, was a real estate developer. And according to the investigation, he has found hundreds of ways, over the decades, to transmit money to his children and especially to Donald, who has followed his path. From the age of 3, he received the equivalent of $ 200,000 per year from his father. At 8, he was a millionaire.
All his life, until his father's death in the 1990s, he touched millions every year. Sometimes it was monthly loans, given by her father, and never repaid. And he gave him money for everything: his cars, his properties, his lifestyle ... Donald Trump even received what the laundrettes brought in his father's buildings!
Fred Trump was plugging his son's holes when his Trump airline, Trump hotels, Trump casinos went bankrupt. Donald Trump was in debt of several hundred million dollars. If he had contented himself with placing what his father paid him on the Stock Exchange, he would now have a fortune of almost $ 2 billion. According to the Bloomberg ranking, his fortune is 3 billion, even though he claims to have 10 billion.
An illegal situation?
According to the New York Times, a number of financial schemes are tax evasion, tax evasion. Trump's lawyer dismisses the revelations, saying they are "highly defamatory". But the New York tax services are opening an investigation.
So that doesn't mean that Trump doesn't know how to do business, he has made hundreds of millions of dollars, by himself, by opening golf courses, by selling books and countless products in his name, from steak linens, advertising, and producing a reality TV to his glory ... But it was all based on the myth of the billionaire who started from nothing, or almost.
