New York Times: Trump Lost $1 Billion Over 10 Years
Citing newly obtained printouts of federal tax documents, an investigation by The New York Times revealed that businesses run by President Trump lost a total of $1.17 billion on unsuccessful deals between 1985 and 1994. A lawyer for Trump said the information was “demonstrably false,” adding that IRS transcripts are “notoriously inaccurate” — though the newspaper said it confirmed the documents against records in a public IRS database of high-earners.
How does Trump rank among wealthy Americans? The Times asserts he lost more money than almost any other individual during that time, and in one two-year stretch, more than double the next taxpayer’s losses.