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In June 2017 , business magazine Forbes reported that Trump had channeled
donations that had been made to his son Eric's charitable foundation for children with
cancer since 2011 into his own company. The donations did not go to a children's
hospital as announced, but to the Trump Organization or other foundations
associated with Trump that spent the money on events on Trump's golf courses.
Trump allegedly violated tax laws and regulations against self-dealing and deceiving
donors. In June 2018 , New York State sued Trump, his sons Donald Jr. and Eric,
and his daughter Ivanka for allegedly illegal use of funds from his family foundation.
capital
Trump's private jet since 2011 : a converted Boeing 757 , built in 1991
Ever since Trump gained a certain prominence as an entrepreneur, he consistently
presented his wealth as evidence of extraordinary business acumen, and on this he
ultimately based his claim to be particularly qualified for the office of president. Over
the years, however, his statements about his fortune were never really verifiable and
therefore a subject of controversy. When the New York Times ran an article on him in
1976 , he claimed he was worth $ 200 million. In the same year, his taxable income
was just under $ 25,000 , and in 1978 and 1979 he reported negative income totaling
3.8 million. During this period he took out a $ 35 million loan from Chase Manhattan
Bank and borrowed another $ 7.5 million from his father.
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