worked closely with him for years, told me that they thought his net worth was somewhere between $150 million and $250 million. (Donald's casino holdings have recently rebounded in value, perhaps adding as much as $135 million to these estimates.) By anyone's standards, this still qualified Donald as comfortably wealthy, but none of these people thought that he was remotely close to being a billionaire.” [Timothy O’Brien, Business Day, New York Times, 10/23/05] 2011: TRUMP DID NOT KNOW WHAT PERCENT INCOME TAX HE PAID Trump Was Not Sure What Percent Personal Income Tax He Paid. CROWLEY: “I have two quick questions. There was an article out the other day talking about the top 400 gross income folks. It was in Bloomberg, paying 17 percent personal income tax while those who made less than them were paying 23 percent. What percent of your personal income do you do?” TRUMP: “I'd really have to check. I'd really have to check.” CROWLEY: “You really don't know where it is?” TRUMP: “Sure, it's substantial. But I would really have to check.” [State Of The Union, CNN, 4/17/11] INHERITANCE TRUMP REPORTEDLY BORROWED $30 MILLION AGAINST HIS INHERITANCE TO KEEP HIMSELF AFLOAT Donald Trump Borrowed $30 Million Against His Inheritance To Bolster Hiss Faltering Properties. “By 1974, Trump was president of his father's company — meaning that the status of that modest million-dollar loan was probably somewhat irrelevant by that point; Trump was now in primary control of that sizable real estate empire. Trump apparently did need a loan a bit later on. As the Times's Timothy O'Brien reported in a 2005 look at Trump's net worth, Trump asked for a $10 million loan against his inheritance to bolster his faltering properties. His siblings, who had a stake in the pool of money that would be inherited, grudgingly agreed. A year later, he asked for $20 million more. Trump denies this account.” [New York Times, 10/26/15] • 1993: Donald Trump Was Forced To Ask For A $10 Million Loan From His Siblings, Who All Demanded He Sign A Promissory Note Guaranteeing The Loan Against Future Distributions From His Trust Fund. “By 1993, with his casinos in hock, most of his real estate holdings either forfeited or stagnant and his father slipping into the fog of Alzheimer's disease, Donald Trump, at the age of 47, had run out of money. There were no funds left to keep him aloft, and as the bare-bones operation he maintained in Manhattan started to grind to a halt, he ordered Nick Ribis, the Trump Organization's president, to call his siblings and ask for a handout from their trusts. Donald needed about $10 million for his living and office expenses, but he had no collateral to provide his brother and sisters, all three of whom wanted a guarantee that he would repay them. The Trump children's anticipated share of their father's fortune amounted to about $35 million each, and Donald's siblings demanded that he sign a promissory note pledging future distributions from his trust fund against the $10 million he wanted to borrow.” [New York Times, 10/23/05] Confidential Page 211
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