President Donald Trump's son-in-law, Jared Kushner, said the candidate was poor in cash when he faced pressure to cut a huge check on his campaign, according to a new book.
Kushner cited the non-liquid state of the billionaire's real estate empire in August 2016, when Trump's inner circle urged him to open his wallet to allow him to compete with Hillary Clinton.
"He's never going to write a $ 50 million check," Kushner told Steve Bannon, Trump's chief strategist, who was urging Trump's self-donation.
The advisors wanted Donald Trump to write a $ 50 million check for his campaign in the summer and fall of 2016
"Dude, we're going to have this at a standstill," Bannon told Kushner, according to Bob Woodward's book, "Fear."
"We need to finally get on television with something," he said, according to Woodward's account. We're going to need at least $ 50 million. You will have to write it.
Kushner said it would not happen unless they could prove to Trump that the race was a "blockade."
"Maybe we can get him $ 25 million," said Kushner, who was a key figure in the campaign. "He does not have much cash."
Chief Strategist Steve Bannon wanted a contribution of $ 50 million
The multi-millionaire candidate has been confronted for years with questions about exaggerating his wealth, and has faced vendor demands for not paying his bills in full. The Trump Organization is organized with real estate and license agreements that generate income from towers and golf courses.
Trump became irritated in October when Bannon, Kushner, and Chief Financial Officer Steven Mnuchin made their $ 25 million launch.
"He's never going to write a $ 50 million check," Jared Kushner told Steve Bannon,
"No way," Trump replied. & # 39; F *** that. I'm not doing it. Where is the money? Where is all this money from these [donor] Boys? Jared, you're supposed to raise all this money. IM not going to do it.
He finally cut a $ 10 million check, with Mnuchin who immediately had him sign the wiring instructions that prevented him from letting it go.
For the entire campaign, Trump donated $ 65 million, less than the $ 100 million he said he would do.
He regularly cited the relative frugality of his campaign as an asset.