If you want to become a billionaire in the real estate industry, it helps to have a father who was a millionaire in the real estate industry. This was President Donald Trump’s situation when he embarked on his real estate career more than five decades ago.
At the time, Trump’s father was a successful real estate developer in New York City. According to a 2018 article from The New York Times, by the time Trump was 17, his father had given him part ownership in a 52-unit apartment building. Trump continued to receive millions from his father in the ensuing decades.
