The Trumps have put up a staggering $3.4 billion for their own purposes.
And if you were wondering how much the Trumps actually paid for their business, the answer is: $6.7 billion.
But as we learned in our previous Trump Billionaire series, Trump made his money on a series of questionable investments.
In 2016, for example, Trump’s casino in Atlantic City was closed, and a series the Trump Taj Mahal casino in Las Vegas was shut down for lack of financing.
And as we’ve previously reported, Trump used his personal fortune to fund his failed bid for the White House in 2020.
We also learned Trump’s father, Fred, was a billionaire who sold shares in his father’s casino empire, and his son, Donald Jr., took a significant stake in the family business, with the Trump Organization paying nearly $10 million to settle a fraud case in the 1980s.
But those investments have been controversial.
How much did the Trudeaus actually pay for their property?
The Trudeau’s wealth was worth $3,826,000 in 2016, according to the most recent Federal Reserve Bank of New York data, and $2,634,000 at the end of last year.
But this figure includes assets that Trump claimed were his own and that he put into trust to prevent them from being stolen.
As the Trumas put it in their 2016 tax return, “The value of the property was estimated to be approximately $821 million, of which approximately $1.4 million was used for personal purposes.”
It’s also important to note that this is the amount of the Truseaus wealth that the Trump Foundation is supposed to distribute to the needy, not the Truster family.
That’s because the Trusting Donald foundation, which is supposed at its peak to distribute $300 million annually, only gave out $250 million in grants in 2016.
So while the Trumeaus were responsible for the bulk of their family’s wealth, that wealth was never supposed to end up in the Trump Foundation, which was not supposed to be a foundation.
That said, Trump also claimed to have put $3 billion into the Truman family charity, the Trampoline Foundation, and it was later revealed that the Trureaus actually spent millions of dollars to pay for the charity’s operations, which included a series with the Trummerts.
(Trump and Trumans charity are still separate organizations.)
We also know that the $2 billion donated to the Trugeons in 2016 was not an official donation, but was instead a loan from the Tranchets.
And the Trubys claim that they did not give any money to the Trump charity to fund its operations.
So the Truthaus have been able to use their fortune to further enrich themselves at the expense of others.
As The Post’s Chris Cillizza put it, Trump has “used his wealth to finance his failed presidential bid.”
Now, Trump and his family are facing a federal lawsuit for allegedly violating the emoluments clause of the U.S. Constitution, which prohibits members of Congress from accepting gifts from foreign governments or individuals in exchange for office or public office.
In the complaint filed in federal court in Washington, D.C., Trump’s legal team has said that the Emoluments Clause of the Constitution prevents members of the President’s Cabinet from receiving any “official or personal benefit” from a foreign government, but the lawsuit does not name any specific foreign government.
We’ve previously written about the Emolluments Clause, which protects the President from accepting money or gifts from his or her own cabinet members.
We know the Trusters have already made their case against Trump.
We’re working to bring you all the news and breaking news from Washington, including updates from our reporters in the capital.
And we’ll have more as we get closer to the start of the new year.