BUSINESS

Donald Trump Got A Million Dollars From Dad, Scorn From The Internet

10/27/2015 07:56 EDT | Updated 10/27/2016 05:12 EDT
Donald Trump has his foot in his mouth yet again, after sharing his idea of a "small loan" from dad with a crowd at a recent campaign event.

The bombastic billionaire turned Republican presidential hopeful was discussing some of the hurdles he overcame on his way to the top during a meeting with Republican voters at a town hall event Monday in New Hampshire, when he let on that he had a little help from his father to get his business started.

"It has not been easy for me," said Trump.

"I started off in Brooklyn, my father gave me a small loan of a million dollars," Trump said, before talking about how he built up his real estate business.

Trump was answering a question from an audience member who asked whether the billionaire businessman had ever been told no by people outside his family.

For a man who says he's worth about $10 billion US, one million might seem like a drop in the pail. But assuming Trump received his million dollar loan sometime around his graduation in 1968, the loan would be worth about $6.8 million in today's dollars, according to the U.S. Department of Labor's Labor Statistics CPI Inflation Calculator.

Other times Trump said he was "told no" include when his father told him not to enter the Manhattan real estate market and by the pessimists who believe he shouldn't run for president.

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