How did Donald Trump become a millionaire at eight?
Because he was born into the Trump family.
There, that’s your article. You can all swan off now, that’s the great mystery solved, “Why does someone born into generational wealth have generational wealth?” Because their families have more money than God, and it makes sense to get it to them early.
Except, would you believe it, the rabbit hole goes deeper than that. All my snark aside, even if you’re born into incredible wealth, that fortune would be nothing you have any actual say over because, newsflash, you’re a literal child. Money doesn’t work like that, no matter how many times you watched Ritchie Rich as a kid.
So, why did a pre-pubescent Donald Trump have a personal fortune the likes of which none of us will ever earn in our lives before he was out of short trousers? Again, it’s very easy to say “generational wealth” and take an early lunch, but I can’t stress this enough: this was money being put into a literal school child’s personal bank account. I didn’t even have a bank account until I was in secondary school, and this vacuous cunt didn’t just have an account, but a truly outrageous amount of money to go in it, before he’s even started pre-school.
The real answer to this question lies in the man who raised his son to be the vindictive bully who sits in the White House today, Fred Trump Sr. Yes, the man that Woody Guthrie was calling (accurately) a racist sack of shit for years, that same one. He was giving his demon seed “gifts” of several thousand dollars a year, beginning when Donald was all of three years old.
If you think this was a sign of paternal affection, you haven’t been paying attention.
Why was Fred Trump giving Donald thousands of dollars a year as a child?
The scheme was as follows. Donald, along with each of his brothers, had a bank account opened for them when they were three. Fred then named each of them as landlords to a different property of his and siphoned the rent he’d receive from them into each of these accounts at $6,000 a pop, the maximum amount of money you could send as a gift at the time without having to pay tax on it. If this looks like a soulless money man using his kids as his latest tax avoidance scheme, that’s exactly what it is!
By the sounds of it, that’s also pretty much what Fred Trump saw his sons as. Tools to use in his many tax avoidance schemes. These worked, and at the age of three, Donald Trump was getting an annual salary of about $200,000 a year, given to him by his dad. He was a millionaire by the age of eight. This is a man who has consistently framed himself as a self-made man whose wealth came from nothing more than his own genius.
It didn’t. Infamously, his own genius is the reason that Trump has gone bankrupt as many times as he has. This is despite several of his businesses being casinos. Y’know, the same industry that a bucket of human shit could make a buck in with enough up-front capital. With that in mind, it’s a miracle he wasn’t more successful than he was. Few people resemble a bucket of human shit more than the POTUS.
The worst part of it is that he’s not alone in this. As far as rich people things go, this is one of the more common crimes committed by the Epstein class, and it’s going to keep going until regular people do something about it.