Quote (Plaguefear @ 18 May 2016 21:16)
Trump declared bankruptcy on those businesses, no one said he lost everything.
Again, he lost billions where any good business man should have made money.
1982.
Google could tell you all you need to know about it.
Just for the record though, 120 million in 1982 was a lot more money than it is now.
I did. Even politifact says he did not inherit 120-200mm in 1982
http://www.politifact.com/punditfact/statements/2015/dec/09/occupy-democrats/occupy-democrats-say-simple-investment-trumps-fath/There’s a bit of informed guesswork behind these numbers because outsiders can only know so much about Trump’s finances. The National Journal writer, S.V. Dáte, figured Trump started with $40 million in 1974. That’s the year he became president of his father’s real estate company. By one estimate, the firm was worth about $200 million and divided among Donald Trump and his four siblings, each would have received $40 million.
But it’s not as though the company was liquidated that year. Trump’s father lived until 1999, so whatever happened, it’s more complicated than Trump receiving a cash inheritance in 1974 and deciding what he would do with it.
In 1982, after running his father’s firm for eight years, Forbes magazine estimated Trump’s worth at $200 million. Since he was in charge of the company, then those dollars are more his than his father’s. The Journal article tiptoed around this uncertainty with careful phrasing. The author talked about Trump investing "his eventual share of his father’s real estate company." An eventual share is not cash in hand.
Similarly, the article did not say that the estimated $200 million in 1982 was from Trump’s father. Dáte told us in his view, that truly was Trump's money because the real estate company was worth more than that. Dáte said he didn't really care what the status of the assets was.
"I just wanted to get to the point of saying that given the amount of money he started with, to be a billionaire — it's not too hard," Dáte said. "I worded it as carefully as I did because there are a lot of uncertainties."
Importantly, if the $200 million did not come from Trump's father, then you can't say that the father's money could have been worth $8 billion today.