Trump had asserted to the Times that he was worth "more than $200 million," even though a year earlier, Penn Central negotiators had estimated the Trump family holdings at about $25 million, all of it under Fred's control. In December 1976, a month after that article appeared, Fred Trump opened eight trusts for his children and grandchildren and transferred in $1 million each. Over the next five years, Donald would reap about $440,000 in income from that trust alone. Despite
( Michael Kranish )
[ Trump Revealed: An American ]
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