Trump’s teeny tiny $1-million loan from daddy

October 26, 2015
U.S. Republican presidential candidate Donald Trump appears with Matt Lauer on NBC's Today Show in New York

Republican presidential candidate Donald Trump appears with Matt Lauer on NBC’s Today Show in New York, October 26, 2015. REUTERS/Scott Eisen/NBC’s TODAY/Handout


Donald Trump has a simple answer for voters looking for a reason to support him — because he’s Donald Trump.

Trump was asked at a town hall meeting, hosted by NBC’s “Today” show Monday, if he had a specific plan to improve the economy or “should middle class voters just elect you because you’re name is Trump?”

“Well, I think they should, because I built a great company,” Trump said, opting not to even pretend that his economic plan had specifics.

Moderator Matt Lauer tried to press him , but Trump wasn’t having any of it.

“Let me tell you about specifics,” Trump said. “The politicians and the media all want a 14-point plan — bing, bing, bing, bing — it doesn’t work that way. Because point two gets loused up and now you have to go to a different point two. And they could say just got 14, but you have to have great flexibility in doing that.”

Trump, however, was happy to get specific about his personal narrative.

Asked whether anyone outside his family had told ever him “no,” Trump said he was frequently told he wasn’t going to make it in the Manhattan real estate scene.

“It has not been easy for me,” Trump said. “I started off in Brooklyn, my father gave me a small loan of $1 million. I came into Manhattan and I had  to pay him back and I had to pay him back with interest. But I came into Manhattan and I started buying up properties and I did great and then I built the Grand Hyatt and I got involved in the convention center.”

Lauer quickly pointed out that calling a $1 million loan “small” or suggesting it made life difficult was going to raise a lot of eye brows.

But Trump was adamant, declaring: “$1 million isn’t very much compared to what I built. I built one of the great companies.”

No comments so far

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see