Tony Schwartz, who ghostwrote The Art of the Deal, says nothing is more important to the president than ‘being seen as very, very rich’ – but revelations about his finances have shattered that image

One man was not surprised by revelations that Donald Trump does not deserve his reputation as a preternaturally successful businessman and deal maker. The man who helped create the illusion.

Tony Schwartz spent hundreds of hours with Trump to ghostwrite his bestselling 1987 book The Art of the Deal, effectively creating the origin story of the brash property tycoon. It was Schwartz who coined the phrase “truthful hyperbole”, which neatly foreshadowed Trump and his supporters’ attempts to rationalize many of his false and misleading claims.

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