Donald Trump, then aged sixty-four, was already the personification of American illusion – grandson of a Bavarian immigrant and gold-rush brothel-keeper, son of a post-war Queens slum landlord. Using his billion-dollar inheritance, he became a developer of luxury Manhattan hotels and Atlantic City casinos, funded by junk bonds, constantly refinanced on the edge of bankruptcy and paying scarcely any tax on his loss-making ventures. In the 1980s, he had promoted the myth of this dealmaking with a bestselling book, The Art of the Deal, which in 2004 won him the job of presenting a TV reality
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