Father and Son
Donald and Fred Trump were both on the 1982 richest Americans list released by Forbes. They earned a spot on the list thanks to their combined $200 million fortune. In 1976, Fred also created trust funds worth $1 million for each of his children and grandchildren. Donald himself has admitted that he was able to start his career with the help of a “small loan of $1 million” from Fred. In reality, he must have had access to the money built by his dad and grandfather. However, it looks like Donald Trump was simply not happy with a fortune of $200 million!
Father And Son
The Business
Donald was able to accumulate a big fortune as the ‘80s rolled by. He eventually made it to the Forbes list of billionaires in 1989! Jonathan Greenberg, a reporter with Forbes, revealed that he suspected that Trump tricked him about the wealth of the family to secure a post on the list. At any rate, he did not stay a billionaire for a long time. He had business losses that took him off of it from 1990 to 1995. In the picture, Trump talked about his failed bid to create the New York City convention center by saying, “#TBT As a young man when I proposed the Convention Center in New York City.”
The Business
