I had heard this in several books but now it looks like it is true.
DAVID CAY JOHNSTON: Well, he?s essentially cut his own tax rate from about 40 percent to 21 percent through the more than 500 little businesses that he owns. In the estate tax, he would have it eliminated, in a date in the future. And if he lives until then, if he had $10 billion, as he claimed, he?d save around $4 billion. By the way, after he took office, he filed his net worth statement. It shows $1.4 billion. If you take all the $50 million-and-up items and double them, you get to less than $2 billion. In other words, Donald Trump doesn?t have and never had $10 billion, and there is not one shred of evidence that he even has $1 billion. It?s a con. He?s a grifter. He claims it, doesn?t produce any evidence. I?m the guy who, back in 1990, broke the story that he wasn?t a billionaire. He called me a liar for four months, until he had to produce records, showing he had a negative net worth. And you know what? Back then, you were worth more than Donald Trump, Amy.
https://www.democracynow.org/2018/1/...than_you_think