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For the Record: Contrary to Media Claims, Trump has had Zero Bankruptcies

As Trump moves to reduce government spending by cutting unnecessary programs and eliminating wasteful positions, mainstream media and liberals on Twitter are attacking both his policies and his business acumen. Yet, the success of figures like Elon Musk makes it clear that innovative leadership speaks for itself—SpaceX and Tesla have revolutionized their industries without needing constant defense. Musk’s overhaul of Twitter, slashing the workforce by 80%, was met with fierce criticism, yet the platform continues to function as effectively as before, now with fewer restrictions on free speech. If Trump can apply a similar strategy to the government—preserving critical functions while drastically cutting costs—it would be a major win for taxpayers.

Attacks on President Trump’s business acumen and deal-making abilities ignore the realities of his success. He started with a $1 million loan from his father in the 1970s and, within a decade, turned it into a billion-dollar empire. Critics who claim they could achieve the same if “daddy gave them a million dollars” fail to grasp the scale of that accomplishment. To put it into perspective, growing $1 million into $1 billion is the equivalent of someone starting with $1,000 and turning it into $1 million—a feat few can genuinely achieve.

Some media outlets claim that Trump received $430 million in financial support from his father over his career, but this is a misleading characterization. As a real estate investor, Trump—like others in the industry—borrowed from multiple sources and accepted investment capital from various investors, including his father’s company. The $430 million figure represents loans and financial transactions over decades, many of which were repaid. It does not reflect a net gain of $430 million for Trump or his businesses but rather the standard financial practices involved in large-scale real estate development.

Another false claim is that Donald Trump inherited significant wealth from his father. His father, Fred Trump, was worth an estimated $250 million at the time of his death in 1999—long after Donald had already become a multibillionaire. Additionally, while some media outlets have speculated that his inheritance “would have been” around 20% of his father’s estate, there is no public record confirming that he received any specific amount. Additionally, by the time of his father’s passing, Trump was already a billionaire, meaning an additional $50 million—if he even received that amount—would have had little impact on his overall net worth.

The media frequently repeat the claim that Donald Trump has had six bankruptcies, but this narrative is misleading and often promoted by outlets critical of him. It conflates corporate and personal bankruptcy, misrepresenting the nature of Chapter 11 restructuring. In reality, six of Trump’s business entities—mainly in the casino and hotel industries—filed for Chapter 11 bankruptcy protection, a legal process that allows companies to restructure debt while continuing operations. These were not personal bankruptcies but strategic corporate restructurings. Some businesses successfully reorganized and remained operational, while others were later sold or closed. In many cases, debts were renegotiated or reduced, enabling the businesses to continue operating while Trump minimized his personal financial exposure.

full story at https://www.thegatewaypundit.com/2025/03/record-contrary-media-claims-trump-has-had-zero/

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