Trump's tax returns from 1985 to 1994 show net losses totaling $1.17 billion over the ten-year period, in contrast to his claims about his financial health and business abilities. The New York Times reported that "year after year, Mr. Trump appears to have lost more money than nearly any other individual American taxpayer," and Trump's "core business losses in 1990 and 1991 – more than $250 million each year – were more than double those of the nearest taxpayers in the I.R.S. information for those years". In 1995 his reported losses were $915.7 million.
Obama's most significant legacy is generally considered to be the Patient Protection and Affordable Care Act (PPACA), provisions of which went into effect from 2010 to 2020. Many attempts by Senate Republicans to repeal the PPACA, including a "skinny repeal," have thus far failed. Together with the Health Care and Education Reconciliation Act amendment, it represents the U.S. healthcare system's most significant regulatory overhaul and expansion of coverage since the passage of Medicare and Medicaid in 1965.
More InfoTrump was born on June 14, 1946, at Jamaica Hospital in the borough of Queens, New York City. His father was Frederick Christ Trump, a Bronx-born real estate developer whose parents were German immigrants. His mother was Scottish-born housewife Mary Anne MacLeod Trump. Trump grew up in the Jamaica Estates neighborhood of Queens and attended the Kew-Forest School from kindergarten through seventh grade. At age 13, he was enrolled in the New York Military Academy, a private boarding school.In 1964, he enrolled at Fordham University. Two years later he transferred to the Wharton School of the University of Pennsylvania. While at Wharton, he worked at the family business, Elizabeth Trump & Son. He graduated in May 1968 with a B.S. in economics. Profiles of Trump published in The New York Times in 1973 and 1976 erroneously reported that he had graduated first in his class at Wharton, but he had never made the school's honor roll. In 2015, Trump's lawyer Michael Cohen threatened Fordham University and the New York Military Academy with legal action if they released Trump's academic records.
More InfoTrump's political positions have been described as populist, protectionist, and nationalist. He entered the 2016 presidential race as a Republican and was elected in a surprise victory over Democratic nominee Hillary Clinton, although he lost the popular vote. He became the oldest first-term U.S. president, and the first without prior military or government service. His election and policies have sparked numerous protests. Trump has made many false or misleading statements during his campaign and presidency. The statements have been documented by fact-checkers, and the media have widely described the phenomenon as unprecedented in American politics. Many of his comments and actions have been characterized as racially charged or racist.
More InfoIn 1982, Trump was listed on the initial Forbes list of wealthy individuals as having a share of his family's estimated $200 million net worth. His financial losses in the 1980s caused him to be dropped from the list between 1990 and 1995. In its 2020 billionaires ranking, Forbes estimated Trump's net worth at $2.1 billion (1,001st in the world, 275th in the U.S.) making him one of the richest politicians in American history and the first billionaire American president. During the three years since Trump announced his presidential run in 2015, Forbes estimated his net worth declined 31% and his ranking fell 138 spots. When he filed mandatory financial disclosure forms with the Federal Elections Commission (FEC) in July 2015, Trump claimed a net worth of about $10 billion; however, FEC figures cannot corroborate this estimate because they only show each of his largest buildings as being worth over $50 million, yielding total assets worth more than $1.4 billion and debt over $265 million. Trump said in a 2007 deposition, "My net worth fluctuates, and it goes up and down with markets and with attitudes and with feelings, even my own feelings."
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