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how much did trump make from trump university

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Trump has meanwhile cast Trump University as a legacy-building enterprise, saying he had much to teach aspiring real estate moguls. A lawyer for Trump could not be reached for comment. One of them signed each check written by Trump University, court documents indicate. At the events, held in hotel ballrooms, instructors taught about making money by investing in foreclosed homes and other real estate ventures. Steps from Trump Tower in Manhattan, the 43-story 1290 Avenue of the Americas skyscraper spans an entire city block. Trump noted in a recent deposition that he didn’t really need the revenue from Trump University and said he hoped he could “impart certain wisdom” on people through the courses. Trump's interest in Obama's academic performance reached such heights that in October 2012, Trump claimed he would make a $5 million charitable donation if … The online courses launched in 2005 soon evolved into in-person seminars that promised students would learn from professors “hand-picked” by Trump. Trump has testified that "my net worth fluctuates, and it goes up and down with markets and with attitudes and with feelings—even my own feelings". The DP searched through 32 annual giving reports issued by both Penn and Wharton between 1968 and 2007. Trump has fought back—both against his Republican opponents and in court—insisting the company was on the up-and-up and beloved by students. Trump initially invested about $2 million to develop Trump University, records and depositions indicate, and he later invested even more money. This site is protected by reCAPTCHA and the Google Privacy Policy and “Trump University has no interest in taking care of its customers,” said Mr. Tufenkian, who paid $35,000 for a “Gold Elite” class, which he said at the time wiped out much of his savings. By 2010, Trump University had waded into legal trouble. We're a nonprofit (so it's tax-deductible), and reader support makes up about two-thirds of our budget. “It wasn't a big monetary thing, the Trump, the school. President-elect Donald Trump has settled three outstanding lawsuits related to his now-defunct Trump University. Trump “felt this was a very good business, and he wanted to put his own money into it,” Sexton said. A federal judge finalized the $25 million settlement between President Trump and students of his now shuttered Trump University on … That seems like a lot until we compare it to Hillary Clinton’s speaking fees. The events were in higher demand from students than online courses, according to Sexton. Save big on a full year of investigations, ideas, and insights. And Trump's lawyers have acknowledged the billionaire profited from Trump University — but not how much. And Trump niversity’s rating from the Better Business Bureau, meanwhile, sank to a D-. “I mean, this was a very important thing for me,” Trump said. Trump University was created in 2006, one of a number of schemes Trump pursued in order to help maximize the income he could draw from his reputation as a successful businessman. We noticed you have an ad blocker on. An interactive “timeline of Trump’s finances” breaks that $427.4 million down: Trump’s taxes show that he earned $197.3 million from The Apprentice … Schneiderman in 2013 brought a fraud lawsuit against Trump University claiming that the school was nothing but a scam designed to make money for Trump by falsely promising wannabe real estate developers they would learn the tricks of the trade from Trump and his hand-picked teachers. The New York Attorney General claims Trump made $5 million from the school. All Rights Reserved. The company also generated revenue at various points through the online coursework and by licensing the Trump name to another live events business, called Trump Institute. Trump initially invested about $2 million to develop Trump University, records and depositions indicate, and he later invested even more money. But the question about how much money Trump made from his eponymous university has become a critical one for two reasons: First, how much he profited could be a key factor in the lawsuits alleging Trump bilked student out of thousands of dollars for the get-rich-on-real-estate courses. Trump owns a 30 percent stake in … Trump, too, has been emphatic in his defense of Trump University both in court and on the campaign trail. But for Trump, the glowing reviews, filled out while instructors looked on, prove Trump University was a success. Cohen v. Trump makes essentially the same claims as Low v. Trump, but on behalf of anyone who purchased Trump University classes after January 1, 2007. Can you pitch in a few bucks to help fund Mother Jones' investigative journalism? Trump University was, at that point, focused on fulfilling its obligations to students and winding down operations, Sexton said. In depositions for the case, Trump has repeatedly said he had little to do with Trump University’s day-to-day operations, such as crafting the specific curricula taught at the sessions. (Trump has since said in depositions he did not select the event speakers.) The Trump University scam was a way to prey on the vulnerability of economic strivers. By the end of the year Trump, Sexton and one other investor, a contact of Trump’s named Jonathan Spitalny who had helped connect the two, had hammered out an agreement in which Trump would own more than 90 percent of the business, according to court records in the case brought by the New York attorney general’s office. But the massive sums paid by former Trump University students, and Trump University’s intricate process for selling them on more coursework, suggest the business was more than a passion project. It rented its space from a Trump building at 40 Wall Street in New York, and Trump Organization handled retirement plans for Trump University staff. One was filed by the State of New York, and the other two are private class action lawsuits. Donald Trump promised to "drain the swamp" when he ran in 2016—but Mar-a-Lago and other Trump properties have become their own swamp … Donald Trump rarely misses an opportunity to brag about his wealth — except when it comes to Trump University. Donald Trump released his financial disclosure today and says he made more than $200 million during the 14 seasons of The Apprentice reality show. During his victory speech on Tuesday night, following wins in the Michigan and Mississippi GOP primary elections, he vowed Trump University would … Listen on Apple Podcasts. So there’s no telling what he made from the venture in its first years—unless he releases his tax filings going back a decade. Is tied up in a deposition that he paid former students filed a fraud... … a lawyer for Trump, the business and had a 4.5 percent stake. University ” published advertisements, which oversees other Trump holdings, records and depositions indicate, it... 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