If Trump had done nothing but invest the 'small loan' his father gave him, he'd still be worth about $2 billion today
President Donald Trump was a millionaire by the time he was 8 years old, according to an expansive report from The New York Times. Sean Rayford/Getty Images
A new bombshell report from The New York Times on President Donald Trump's finances questions his claim that he's a self-made billionaire.
The report says that Trump's father lent him about $60 million, far more than the "small loan" of $1 million he claimed during his presidential campaign that he had received.
The Times also found that if Trump had done nothing but invest the money his father gave him in an index fund that tracks the S&P 500, he'd still be worth about $2 billion today.
Overall, Trump received about $413 million in today's dollars from his father's real-estate empire, largely because he helped his parents evade taxes, The Times' report says.
Forbes estimates that Trump's net worth is about $3.1 billion.