I am almost through an audiobook called “Lucky Loser”, written by two people from the New York Times. It covers Donald Trump during his younger life in business.

Trump claims that he only received $1 million from his father and that he’s a self-made businessman. His tax returns from back then, when they were revealed, showed that he was losing money every year. So how could he be losing millions every year and be the successful businessman that he claimed to be?

First of all, in reality, he received close to $500 million from his dad. Most of that money, through questionable (often time illegal) means, such as loans that were never paid back. Without his dad‘s support, Trump would be just another failure. Let me rephrase that, a bigger failure than he actually is.

With regard to losing money, every year, Trump bought properties and land where he proposed properties to be built, that were bringing in low and/or non-existent revenues. To purchase land and properties he borrowed big time. His interest payments were well beyond the actual and projected revenues that came in. Often times he would ignore his experts and project his own revenues way beyond realistic expectations. Numerous times he made decisions based on his own instincts, against recommendations of his experts. That’s how he lost his casinos. He also portrayed himself as being richer and having far more properties than he actually had.

Trump supporters will never read this book. If they did, they never would vote for him. Bottom line he is a fraud and he is a failure. His image is far bigger than his reality.