Barack Obama: “Donald Trump was given $400 million by his daddy.”

“I happened to miss that show when it was running, but it was really popular. So I want everybody to be clear. That was not reality. That was a reality show. The truth is, Donald Trump was given $400 million by his daddy. That's how he got rich. And somehow his company still managed to declare bankruptcy. 6. So let's put that aside for a second. When it comes to actual policy, Donald Trump has offered up two ideas.” (14:22–14:26)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.