TRUMP MADE LOTS OF MONEY ON HIS OWN.......HIS FATHER WAS DAMN SUCCESSFUL......BUT DONALD BECAME A BILLIONAIRE.
THE GUY HAS BALLS.......SURE.....HE'S ARROGANT......BUT HE IS THE MAN! IMHO
Yes it is difficult making a go of it when you have to go to work for your successful real estate developer father after you've enjoyed the best education daddy's money could buy you. Daddy fronts your first real estate project for you. While still in college, daddy hands you the revitalization of the foreclosed Swifton Village apartment complex in Cincinnati, Ohio, which daddy purchased for $5.7 million in 1962. In 1972 the Trump Organization which daddy gave you control of in 1971, sold Swifton Village for $6.75 million.
Despite your early successes, you excesses catch up with you in the late 1980's. Some of your more famous investments like the Taj Mahal casino in Las Vegas go into bankruptcy. By 1989, poor business decisions left you unable to meet loan payments. You financed the construction of your third casino, the $1 billion Taj Mahal, primarily with high-interest junk bonds. Although you shored up your businesses with additional loans and postponed interest payments, by 1991 increasing debt brought you to business bankruptcy and the brink of personal bankruptcy. Banks and bond holders had lost hundreds of millions of dollars, but opted to restructure your debt to avoid the risk of losing more money in court.
You've had your ups and you've had your downs. Today you are supposedly worth $7 billon. And had it not been for that little jump start you got from your dad, where would you be now, Donald Trump?