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Donald Trump speaking at a joint press conference. Photo: Joe Raedle/Getty Images

Donald Trump claimed he owned most of his father's real estate empire in the 1980s and posed as an aide named 'John Barron' to ensure he earned a spot on the Forbes 400 list, former Forbes writer Jonathan Greenberg alleges in a Washington Post editorial.

Flashback: Trump used the alter-ego of Barron in the past when posing as a public relations representative, and it's not the first time Trump has been cited as inflating his wealth.

The backstory: Forbes valued Trump's holdings at $200 million, but he claimed they were worth $1 billion. Trump made multiple efforts to convince Greenberg over the phone, sometimes through representatives, and Greenberg recorded those conversations.

The juiciest excerpts:

  • Trump posing as "John Barron": "When I recently rediscovered and listened, for first time since that year, to the tapes I made of this and other phone calls, I was amazed that I didn’t see through the ruse."
  • Trump's true valuation: "In our first-ever list, in 1982, we included him at $100 million, but Trump was actually worth roughly $5 million — a paltry sum by the standards of his super-monied peers..."
  • His stake in Fred Trump's business: "It would be decades before I learned that Forbes had been conned: In the early 1980s, Trump had zero equity in his father’s company."
  • Trump's actual assets: "They found that he had an income of about $100,000 a year, while his 1979 tax returns showed a $3.4 million taxable loss. Trump’s personal assets consisted of a $1 million trust fund that Fred Trump provided to each of his children and grandchildren, a few checking accounts with about $400,000 in them and a 1977 Mercedes 450SL."
  • A glimpse at today: "In 2016, Trump’s presidential campaign put out a statement saying the candidate had a net worth “in excess of TEN BILLION DOLLARS.” But he has never released his tax returns..."

Go deeper: The audio conversations between Greenberg and Trump.

Go deeper

Mike Allen, author of AM
1 hour ago - World

Courage vs. coddling with China

Peng Shuai of China serves during the China Open in Beijing in 2017. Photo: Andy Wong/AP

The women's professional tennis tour suspended tournaments in China Wednesday out of concern for Peng Shuai, on the same day that a top business voice made excuses for Beijing.

Why it matters: Ahead of February's Winter Olympics in Beijing, some sports figures are taking on the regime — while Big Business shrinks from confrontation with the world's second-largest economy.

1 hour ago - Sports

What to know about the first MLB lockout since 1995

Illustration: Shoshana Gordon/Axios

Hope you enjoyed the recent flurry of free-agent activity, because it's likely the last non-lockout-related MLB news for a while.

Driving the news: The owners locked out the players after the collective bargaining agreement expired at midnight last night, leading to MLB's ninth work stoppage — and first since 1995.

Biden extends mask mandates for travelers into 2022

President Biden delivers remarks at the White House on Dec. 1. Photo: Anna Moneymaker via Getty Images

President Biden will announce new testing protocols for international travelers on Thursday and extend masking requirements through March as the U.S. prepares to fight the Omicron variant this winter, according to senior administration officials.

Driving the news: The U.S. will tighten pre-departure testing protocols starting early next week by requiring all inbound international travelers to take COVID-19 tests within one day of their departure rather than three.