Fred Trump loans Donald $4.7 million, plus $4.3m in trusts

Recently Updated

Top Folders

Dates on Trump File reflect when something happens, not when it's first reported.

On January 26, Fred Trump provides a line of credit to Donald for $1.5 million, the first of many loans throughout the next seven months. The loans come to a total of $4,695,000.

Fred loans Donald $1.5 million in January, $65,000 in February, $122,000 in March, $150,000 in April, $192,000 in May, $226,000 in June, $2.4 million in July and $40,000 in August.

His contributions to Donald’s wealth around this time don’t end there.

For all the spin about cutting his own path in Manhattan, Donald Trump was increasingly dependent on his father. Weeks after The Times’s profile ran, Fred Trump set up still more trusts for his children, seeding each with today’s equivalent of $4.3 million. Even into the early 1980s, when he was already proclaiming himself one of America’s richest men, Donald Trump remained on his father’s payroll, drawing an annual salary of $260,000 in today’s dollars… It was as if Donald Trump had his own Money Store.

The New York Times

External Sources

The New York Times (Archived)

Photo: Unknown, obtained from vintag.es

Note From TF

Some Trump File posts are incomplete as the site is still young and Trump world moves fast. Please use the source links to read further if a topic interests you or if you doubt its authenticity. If a post does not have source links, it is an early draft and will be updated soon. I plan to go back and build on every post in the future.

If If there is content you'd like to add context to or something that should be corrected, please contact TF by clicking here or email us at trumpfile@protonmail.com. You can also find us on Twitter.

Support The Site:

Keep Reading

Recommended

Dates on Trump File reflect when something happens, not when it's first reported.

On January 26, Fred Trump provides a line of credit to Donald for $1.5 million, the first of many loans throughout the next seven months. The loans come to a total of $4,695,000.

Fred loans Donald $1.5 million in January, $65,000 in February, $122,000 in March, $150,000 in April, $192,000 in May, $226,000 in June, $2.4 million in July and $40,000 in August.

His contributions to Donald’s wealth around this time don’t end there.

For all the spin about cutting his own path in Manhattan, Donald Trump was increasingly dependent on his father. Weeks after The Times’s profile ran, Fred Trump set up still more trusts for his children, seeding each with today’s equivalent of $4.3 million. Even into the early 1980s, when he was already proclaiming himself one of America’s richest men, Donald Trump remained on his father’s payroll, drawing an annual salary of $260,000 in today’s dollars… It was as if Donald Trump had his own Money Store.

The New York Times

External Sources

The New York Times (Archived)

Photo: Unknown, obtained from vintag.es

NOTE FROM TF

Some files are incomplete as the site is still young and Trump world moves fast. Please use the source links to read further if a topic interests you or if you doubt its authenticity. I plan to go back and build on every file in the future.

If there is content you'd like to add context to or something that should be corrected, please contact us by clicking here or email us at trumpfile@protonmail.com

Support The Site:

Keep Reading

Recently Added & Updated

Keep Reading