CLAIM: Joseph Gordon-Levitt has argued that former President Donald Trump is a “con man” rather than a “self-made” and honest businessman.
Verdict: Partly false.
Trump inherited some money from his father and took out loans when he first started his business, but he grew it into what it is today.
Trump’s father, Fred Trump, owned the real estate company Trump Management, which is now owned by Are known As the Trump Organization.
1 week report Trump “left Brooklyn and Queens” to try to make it in the more glamorous surroundings of Manhattan, the outlet said, and the former president ended up taking out a $1 million loan from his father, as well as “more than $100 million in bank loans” backed by his father.
a report from The Wall Street Journal A September 2016 investigation found that a 1985 casino license disclosure form showed that Trump had taken out multiple loans “from his father and his father’s estate” early in his career.
The documents, which were released by then-wife Ivana Trump in 1985, show that Trump received numerous loans from his father and his father’s assets early in his career in the late 1970s and early 1980s.
At the time of the disclosure, Trump owed his father and his father’s companies about $14 million, according to the documents.
Trump then used the money to “leverage” several building projects in Manhattan, including the Grand Hyatt Hotel, Trump Tower and Trump Plaza.
Trump Tower in Manhattan officially opened in 1983 and has become “one of the most iconic buildings in the world” and serves as the headquarters for the Trump Organization, according to the organization’s website. Website.
1 week “They’ve also expanded into golf courses, luxury resorts and dozens of other industries,” Trump said.
Actor Joseph Gordon-Levitt Claimed During the live call hosted by the group “White Dudes for Harris,” he noted that Trump is not a “self-made man” and that he “inherited a huge fortune from his father.”
“I’m not sure that Trump has been a good businessman,” Gordon-Levitt argued. “He always says he’s self-made, but that’s a lie. He inherited a huge fortune from his father, but starting out with that much initial capital is like shooting fish in a barrel.”
Joseph Gordon-Levitt shot down the entire “Donald Trump is a businessman” narrative on a White Dudes call with Kamala Harris.
Unbelievable!!!! Worth seeing.
🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥 pic.twitter.com/Hn3MGvUDpb
— Art Candee 🍿 (@ArtCandee) July 30, 2024
“Even if he was a successful businessman — and I don’t know if he was successful — I think there are two kinds of successful businessmen,” Gordon-Levitt continued. “An honest businessman puts out a product, a good, a service that’s really valuable, he takes care of his employees, he takes care of his investors, he takes care of his vendors, he takes care of his customers, and in return they take care of him, and he becomes a successful businessman and entrepreneur.”
“There’s another type of successful businessman,” Gordon-Levitt adds, “the con man.”
Gordon-Levitt added, “Unlike honest businessmen, con artists may not have a genuine product or service to offer the world.”
1 week He added that throughout his life, Trump has “made his name synonymous with wealth and success,” pointing out things like “Trump Steaks, Trump Magazine and the Trump board game.”
“His fans can drink Trump Water, Trump Wine and Trump Vodka, and decorate their homes with Trump Home Furnishings,” the outlet added.
