Many parents give their adult children a little financial boost to get started. In Donald Trump's case, it was "a small loan" of a million dollars from his father.
The Republican candidate was asked in a town hall in New Hampshire on TODAY Monday if he had ever been told "no" to anything in his life, leading him to speak about his beginnings before he became a well-known businessman in New York City.
"Oh many times,'' Trump said about being told no. "My whole life, really, has been a no. It has not been easy for me. I started off in Brooklyn. My father gave me a small loan of a million dollars. I came into Manhattan, and I had to pay him back, and I had to pay him back with interest. But I came into Manhattan and I started buying properties, and I did great."
Trump's father, Fred, was a self-made millionaire who was a real estate mogul in Brooklyn and Queens and had a net worth of hundreds of millions at the time of his death in 1999.