Is it true that Trump borrowed the money to get to the top?

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I have 78 pence in my bank account, two pounds fifty in my pocket, hardly any food in the house and don't paid till Friday!!!!!
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BigWade

Is it true that Trump borrowed the money to get to the top?

mslider2

He borrowed money, tricked companys over air rights, bullyed city and state goverments into giving him millions in tax money and millions more in tax breaks.

He has also taken bankruptcy to get out of paying bills and cheated on his first wife.

CPR

dont know trump is a tool. i do know that the NFL kicked his football league's a.ss. he is just a lucky moron when it comes to his money

texanweazel

Regardless of how he received it:

There are a lot of self-made billionaires who borrowed the start up money.

There are a lot of broke children of billionaires who were given the start up money.

It is what he did with the money once he got it that matters.

THAT is how he "got to the top".

vegas_iwish

By defintion real estate is heavily leveraged. He has had to put his casinos through bankruptcy twice and they were mostly set up with other peoples money. That is the cheapest money to lose ;) He has often failed but his name and position has made him to big to let die. Worth more alive than dead to lenders

Josh P

I understood that a lot of his money was left to him by rich family. I heard that on TV, who knows.

pattibcacl

yes I,m afriad its true

Bill Mc

No, his father was rich.

pater47

No - essentially he stole it. He is the master of corporate bankruptcy, having done it numerous times. He funnels money into his personal wealth, declares corporate bankruptcy, and screws the people who had investment (i.e. YOU) in the company with the loss.

greymatter

Yes he did. In fact, in the early 90's he had nearly $4.5 billion in personal and business debts and come close to filing for bankruptcy.

Misty Eyes

He inherited it.

emm

yes it is, but I don't remember how and what for

David L

Yes ! and he sold drugs too

venturemex

His daddy got him started and then he became a shrewd business man. You don't have to admire a guy like this because he has run over alot of others in many ways with lawyers ect.

Frank Castle

Remember this:
You cannot get to the top with your own money.

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