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Pulitzer Prize winners Russ Buettner and Susanne Craig - How Donald Trump Squandered His Fortune
Oct 15, 2024
Russ Buettner and Susanne Craig, Pulitzer Prize-winning investigative reporters from the New York Times, expose the truths behind Donald Trump's financial narrative. They discuss how his image as a self-made billionaire is rooted in deception and inherited wealth. Insights reveal his troubled upbringing and the influence of his father on his approach to success. The duo also examines the psychological elements of Trumpism and how past financial practices shape his political legacy. Their ongoing commitment to uncovering Trump's story lends urgency to these revelations.
01:07:48
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Quick takeaways
- Trump's self-made success narrative is undermined by significant financial support from his father and his inherited wealth.
- The authors reveal how Trump's rise was fueled by media portrayal, particularly through 'The Apprentice,' obscuring his business failures.
Deep dives
Donald Trump's Title as a 'Lucky Loser'
The concept of Donald Trump being a 'lucky loser' stems from a combination of inherited wealth and fortunate circumstances throughout his life. Born into a wealthy family, he received hundreds of millions of dollars, which laid the foundation for his future ventures. Additionally, meeting TV producer Mark Burnett was a pivotal moment for Trump, as it led to his role on 'The Apprentice,' which generated substantial income and further embellished his public persona. Despite these advantages, many of Trump's businesses reportedly operated at a loss, with the riches he inherited primarily serving to sustain his failing entrepreneurial endeavors.
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