Trump’s father gave his son at least $413 million: New York Times

Trump’s father gave his son at least $413 million: New York Times

By

Senior economics reporter

President Donald Trump’s father gave enormous sums of money to his son over his entire life, playing a much bigger role than previously known in making the president a rich man, according to a New York Times investigation published Tuesday. According to the report, Trump was earning $200,000 a year from his father’s empire by the age 3. The financial assistance increased with the years, to more than $5 million annually when Trump was in his 40s and 50s. In all, Trump received at least $413 million from his father’s real estate empire. The president has said he turned a $1 million loan from his father into a $10 billion empire.

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