Donald Trump Jr. admitted a decade ago that many family assets come from Russia

  • A decade-old quote by Donald Trump, Jr. resurfaced in a New York Times column over the weekend.
  • "In terms of high-end product influx into the US, Russians make up a pretty disproportionate cross-section of a lot of our assets," President Donald Trump's eldest son said during a conference in New York in 2008.
  • The comment has taken on new meaning since Trump's election.


During a New York real estate conference in 2008, President Donald Trump's eldest son admitted that a lot of the family's assets come from Russia.

"And in terms of high-end product influx into the US, Russians make up a pretty disproportionate cross-section of a lot of our assets," Donald Trump, Jr. said while speaking at a New York real estate conference in 2008. "Say in Dubai, and certainly with our project in SoHo, and anywhere in New York. We see a lot of money pouring in from Russia."

Amid special counsel Robert Mueller's Russia investigation, Trump, Jr.'s comments have taken on new meaning.

The curious quote resurfaced in The New York Times columnist Thomas Friedman's latest op-ed, published on Sunday, which tears into Trump and his handling of Russian interference in the 2016 election.

"President Trump is either totally compromised by the Russians or is a towering fool, or both, but either way he has shown himself unwilling or unable to defend America against a Russian campaign to divide and undermine our democracy," Friedman wrote.

RELATED: Donald Trump and Donald Trump Jr. through the years

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Donald Trump and his son, Donald Trump Jr. through the years
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Donald Trump and his son, Donald Trump Jr. through the years
FILE PHOTO: Donald Trump Jr. (L) gives a thumbs up beside his father Republican U.S. presidential nominee Donald Trump (R) after Trump's debate against Democratic nominee Hillary Clinton at Hofstra University in Hempstead, New York, U.S. September 26, 2016. REUTERS/Mike Segar/File Photo
Donald Trump, flanked by his son Donald Jr. (R), addresses the media in Chicago May 10, 2006. Trump was in Chicago to speak about his Trump International Hotel and Tower Chicago that is being built on the old site of the Chicago Sun-Times building on the north side of the Chicago River. Trump also stated in the news conference that he has given the project oversight to the children.
FILE PHOTO: Donald Trump Jr. (C) hugs his father, Republican Presidential candidate Donald Trump, as Donald Jr's wife Vanessa (L) walks past after Trump accepted the Republican presidential nomination at the 2016 Republican National Convention in Cleveland, Ohio U.S. July 21, 2016. REUTERS/Mike Segar/File photo
Donald Trump Jr. and Donald Trump during 1988 U.S. Open - September 3, 1988 at Flushing Meadows Corona Park in Queens, New York, United States. (Photo by Ron Galella, Ltd./WireImage)
Donald Trump Jr. (L) walks off stage with his father Republican U.S. presidential nominee Donald Trump after Trump's debate against Democratic nominee Hillary Clinton at Hofstra University in Hempstead, New York, U.S. September 26, 2016. REUTERS/Brian Snyder
Donald Trump and Donald Trump Jr. during 'Veranda: New York's Best at Trump Park Avenue, The Ultimate Showcase Penthouse' Opening Night Reception at The Trump Park Avenue in New York, New York, United States. (Photo by Robin Platzer/FilmMagic)
Donald Trump (C), entrepreneur and host of the television reality series "The Apprentice" poses with his wife and children (L-R) Donald Trump, Jr., Tiffany, Donald Trump, wife Melania, and daughter Ivanka at the party following the live telecast of the finale of season five in Los Angeles June 5, 2006. REUTERS/Fred Prouser
Donald Trump and Donald Trump Jr. (Photo by Ron Galella, Ltd./WireImage)
NEW YORK, NY - OCTOBER 12: Donald Trump (C) and his sons Eric F. Trump (L) and Donald Trump Jr. (R) attend the 'Celebrity Apprentice All Stars' Season 13 Press Conference at Jack Studios on October 12, 2012 in New York City. (Photo by Desiree Navarro/WireImage)
Donald Trump (2nd L), entrepreneur and host of the television reality series 'The Apprentice', poses with his children, (L-R) son Donald Trump, Jr., and daughters Tiffany and Ivanka at the party following the live telecast of the finale of season five in Los Angeles June 5, 2006.
CLEVELAND, OH - JULY 20: Republican presidential candidate Donald Trump (C) speaks with Donald Trump Jr. (L) and Ivanka Trump (R) during the third day of the Republican National Convention on July 20, 2016 at the Quicken Loans Arena in Cleveland, Ohio. Republican presidential candidate Donald Trump received the number of votes needed to secure the party's nomination. An estimated 50,000 people are expected in Cleveland, including hundreds of protesters and members of the media. The four-day Republican National Convention kicked off on July 18. (Photo by Joe Raedle/Getty Images)
Donald Trump (R) waves to a fan as his son Donald Jr. looks on after Trump received a star on the Hollywood Walk of Fame in Los Angeles January 16, 2007. REUTERS/Chris Pizzello (UNITED STATES)
(L-R) Eric Trump, Donald Trump Jr., and Ivanka Trump and Donald Trump attend the ground breaking of the Trump International Hotel at the Old Post Office Building in Washington July 23, 2014. The $200 million transformation of the Old Post Office Building into a Trump hotel is scheduled for completion in 2016. REUTERS/Gary Cameron (UNITED STATES - Tags: BUSINESS POLITICS REAL ESTATE)
U.S. Republican presidential candidate Donald Trump kisses his son Donald, Jr. at a campaign event at Regents University in Virginia Beach, Virginia February 24, 2016. REUTERS/Joshua Roberts
UNITED STATES - APRIL 14: Donald Trump is joined by his son, Donald Jr., at a Park Ave. luncheon hosted by The Donald. (Photo by Andrew Savulich/NY Daily News Archive via Getty Images)
NEW YORK - OCTOBER 27: Donald Trump, Visionary Business Leader award honoree, poses with his children Donald Trump Jr. and Ivanka at Fashion Group International's 22nd Annual 'Night Of Stars' at Cipriani's 42nd Street October 27, 2005 in New York City. (Photo by Evan Agostini/Getty Images)
NEW YORK - SEPTEMBER 19: Donald Trump Jr., Donald Trump, Ivanka Trump and Eric Trump at the Trump Soho Launch on September 19, 2007 in New York City. (Photo by Mark Von Holden/WireImage)
COO Trump International Hotels, Jim Petrus, Ivanka Trump Donald Trump Jr. and Donald Trump at Donald Trump, Ivanka Trump, Donald Trump, Jr.and Eric Trump Launch the N on October 10, 2007 at Jean Georges, Trump International Hotel & Tower in New York City. (Photo by Shawn Ehlers/WireImage)
DATELINE NBC -- Pictured: (l-r) Donald Trump, Natalie Morales, Donald Trump Jr. -- (Photo by: Heidi Gutman/NBC/NBCU Photo Bank via Getty Images)
INDIANAPOLIS, IN - APRIL 27: Republican presidential candidate Donald Trump (L) introduces his son Donald Trump Jr. (R) as he addressing the crowd during a campaign rally at the Indiana Farmers Coliseum on April 27, 2016 in Indianapolis, Indiana. Trump is preparing for the Indiana Primary on May 3rd. (Photo by John Sommers II/Getty Images)
ST LOUIS, MO - OCTOBER 09: Donald Trump, Jr. (R) greets his father Republican presidential nominee Donald Trump during the town hall debate at Washington University on October 9, 2016 in St Louis, Missouri. This is the second of three presidential debates scheduled prior to the November 8th election. (Photo by Rick Wilking-Pool/Getty Images)
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While much of Friedman's column was speculation, the decade-old quote from Trump, Jr. sheds new light on the Trump family's past financial holdings, although it does not implicate the Trumps in any illegal activity.

Liberals have used Trump, Jr.'s words to illustrate their belief that Russia may have leverage over Trump because of his previous business dealings in the country.

"My guess is what Trump is hiding has to do with money," Friedman said in his column. "It’s something about his financial ties to business elites tied to the Kremlin. They may own a big stake in him."

'It's clear Russia meddled'

As far as we know, the Justice Department's investigation into Russian election meddling and whether Trump coordinated with any Russians in their efforts, has not found any evidence that Trump or members of his presidential campaign colluded with Russia in their attempts to sway the 2016 election.

But the investigation is ongoing, and Mueller has not ruled out the possibility.

Last week, the investigation took a turn when Mueller's office announced the indictment of 13 Russians and three Russian companies for sowing political discourse and meddling in the US political system in the run-up to the 2016 election.

The indictment forced White House press secretary to defend the intelligence community's long-held assessment that Russia interfered.

RELATED: Key Trump officials, advisers of note in the Russia probe

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Key Trump officials, advisers of note in the Russia probe
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Key Trump officials, advisers of note in the Russia probe

Tom Barrack

The close friend to Donald Trump and CEO of private equity firm Colony Capital recommended that Trump bring in Paul Manafort for his presidential campaign.

R. James Woolsey

Woolsey, the former director of the Central Intelligence Agency (CIA), has cooperated with Mueller's investigation and worked with Michael Flynn and was present at a meeting where they discussed removing the controversial Turkish Muslim cleric Fetullah Gulen from US soil. 

(Christopher Goodney/Bloomberg via Getty Images)

The former senior Trump campaign official and White House adviser was present and crucial during the firings of Michael Flynn and James Comey.

The former head of the Trump transition team following the 2016 election has said previously that he believes he was fired due to his opposing the hiring of Michael Flynn as national security adviser.

Jeff Sessions

Former U.S. senator Jeff Sessions from Alabama joined Trump's campaign as a foreign policy adviser in February 2016. Sessions was nominated to be U.S. attorney general by President Trump and was then confirmed by the Senate. Reports then emerged that Sessions had spoken twice with Sergey Kislyak while he was senator -- a fact that he left out of his Senate hearing testimony. Instead, he said in writing that he had not communicated with any Russian officials during the campaign season. Sessions defended himself saying he had spoken with Kislyak specifically in a senate capacity.

Paul Manafort

Paul Manafort signed on as Donald Trump's campaign manager in March 2016. A longtime Republican strategist and beltway operative, Manafort had previously served as an adviser to former Ukrainian president Viktor Yanukovich -- a pro-Russia leader who was violently ousted in 2014. Manafort resigned from his campaign position in August 2016 amid questions over his lobbying history in Ukraine for an administration supportive of Russia. The former campaign manager reportedly remained in Trump's circle during the post-election transition period.

Michael Flynn

Gen. Michael Flynn was named President Trump's national security adviser in November of 2016. Flynn reportedly met and spoke with Russian Ambassador Sergey Kislyak in December, at one point discussing sanctions. Flynn originally told Vice President Pence he did not discuss sanctions -- a point the Department of Justice said made the national security adviser subject to blackmail. Flynn resigned from his position in February.

Donald Trump

2016 election winner Donald Trump is at the center of special counsel Robert Mueller's probe into Russia's handlings.

Sam Clovis

Clovis, a former member of the Trump campaign, arrives on at the U.S. Capitol December 12, 2017 to appear before a closed meeting of the House Intelligence Committee. Clovis worked with George Papadopoulos, a former Donald Trump campaign foreign policy advisor who struck a plea deal on charges of lying to the FBI.

(Photo by Win McNamee/Getty Images)

Roger Stone

Stone is a longtime Republican political consultant who served as a campaign adviser to Trump who continued to talk with the then-GOP candidate after stepping away from his adviser role. Stone claimed last year that he had knowledge of the planned WikiLeaks release of emails pertaining to Hillary Clinton and the Democratic National Committee. Stone recently admitted to speaking via direct message with "Guccifer 2.0" -- an online entity U.S. officials believe is tied to Russia. Stone says the correspondence was “completely innocuous.”

Carter Page

Page worked for Merrill Lynch as an investment banker out of their Moscow office for three years before joining Trump's campaign as a foreign policy adviser. During his time with Merrill Lynch, Page advised transactions for two major Russian entities. Page has called Washington "hypocritical" for focusing on corruption and democratization in addressing U.S. relations with Russia. While Page is someone Trump camp has seemingly tried to distance itself from, Page recently said he has made frequent visits to Trump Tower.

J.D. Gordon

Before Gordon joined the Trump campaign as a national security adviser in March 2016, he served as a Pentagon spokesman from 2005 through 2009. Like others involved in Trump-Russia allegations, Gordon met with ambassador Kislyak in July at the Republican National Convention, but has since denied any wrongdoing in their conversation. He advocated for and worked to revise the RNC language on and position toward Ukraine relations, so it was more friendly toward Russia's dealings in the country.

Former Trump campaign aide Michael Caputo (L)

Caputo waves goodbye to reporters after he testified before the House Intelligence Committee during a closed-door session at the U.S. Capitol Visitors Center July 14, 2017 in Washington, DC. Caputo resigned from being a Trump campaign communications advisor after appearing to celebrate the firing of former campaign manager Corey Lewandowski. Denying any contact with Russian officials during the 2016 campaign, Caputo did live in Moscow during the 1990s, served as an adviser to former Russian President Boris Yeltsin and did pro-Putin public relations work for the Russian conglomerate Gazprom Media.

(Photo by Chip Somodevilla/Getty Images)

Stephen Miller, White House Senior Advisor for Policy

Jason Miller
Former White House Press Secretary Sean Spicer
Eric Trump
Donald Trump Jr.
Ivanka Trump
White House Senior adviser Jared Kushner
Executive assistant to Donald Trump Rhona Graff
White House Communications Director Hope Hicks
Former Trump campaign manager Corey Lewandowski
US Vice President Mike Pence
Katrina Pierson
K.T. McFarland
Former White House Communications Director Anthony Scaramucci
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"It's very clear that Russia meddled in the election," Sanders said during a press conference on Tuesday. "I think one of the places where you [reporters] seem to get very confused — and it seems to happen regularly — is the president hasn't said that Russia didn't meddle. What he's saying is that it didn't have an impact and it certainly wasn't with help from the Trump campaign."

Trump, who has repeatedly called the Russia investigation a "witch hunt," insists that there was no collusion.

"Russia started their anti-US campaign in 2014, long before I announced that I would run for President," Trump said in a tweet last week. "The results of the election were not impacted. The Trump campaign did nothing wrong - no collusion!"

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