Republican presidential candidate Donald Trump can't be that good a businessman if he didn't make money during a relatively comfortable period for the U.S. economy, according to Brian Klaas, a fellow in comparative politics at the London School of Economics.
"He's not a very good businessman if he lost a billion dollars in the boom of the 1990s. And this is what his candidacy is predicated upon right? That I alone can fix this. He literally said those words at the Republican convention," he told CNBC Tuesday.
"It doesn't take a genius to make money in the 1990s when you've been given millions and millions of dollars," he added. Trump has previously been criticized for inheriting $200 million from his father but has since denied that claim and said he "got very, very little" at a speech in February.
Klaas's words come as Trump faces fresh criticism for his business and tax history following a report by The New York Timesover the weekend that his 1995 tax return showed a $916 million loss after a string of business difficulties. The return, verified by the man who prepared it, showed Trump could have been legally shielded from income tax for up to 18 years after that.