Wealth of America’s Richest Billionaires Rockets Under Trump
Wealth of America’s Richest Billionaires Rockets Under Trump
5 months ago
The Daily BeastLeigh Kimmins
In the 1980s, Fred Trump made an important structural change to his empire that produced a big new source of revenue for Donald J. Trump and his siblings. Through family mortgages, Fred Trump made his children his bankers. Over several decades, family mortgages paid Donald Trump the equivalent today of more than $7.8 million: https://nyti.ms/2y4JDJA | The New York Times
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Former President Donald Trump is notorious for exaggerating how much he's worth. The debate over how much money he has, and owes, was reignited after news that Mazars, Trump's former accounting firm, distanced itself from the veracity of his financial statements. | CNN
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Trump wants the rich to be richer, unions to be weaker, and everyone else to be easier to exploit. He's not ushering in a New Golden Age. He's taking us back to the Gilded Age. This couldn't be clearer one year into his second term in office. | Robert Reich
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