• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

2

Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'

3

Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 

1

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

2

Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'

3

Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
Leadership

A Donald Trump Business Ally Says His Quote in Michael Wolff’s Book is Fake News

Shawn Tully
By
Shawn Tully
Shawn Tully
Senior Editor-at-Large
Down Arrow Button Icon
Shawn Tully
By
Shawn Tully
Shawn Tully
Senior Editor-at-Large
Down Arrow Button Icon
January 4, 2018, 3:08 PM ET

On Wednesday, The Guardian unveiled excerpts from a controversial new book about President Trump by journalist Michael Wolff. Now Tom Barrack, one of Trump’s closest friends and confidants in the business world, tells Fortune that the book attributes a disparaging quote to him that he never said—and that the author never asked him whether the quote was real.

The book, Fire and Fury: Inside the Trump White House, quoted sundry current and former Trump White House and campaign officials leveling explosive criticism at the president and his family. The Guardian excerpt also related a seemingly astounding broadside from Barrack—Trump’s leading champion in the business world, and the supporter whom Trump handpicked to lead his inaugural festivities. According to the Guardian excerpt, Wolff’s book states that in describing Trump, Barrack “allegedly told a friend: ‘He’s not only crazy, he’s stupid.’”

It’s not clear whether Wolff used the word “allegedly,” or if the Guardian added the term. The Guardian may have included it because Wolff had gotten the quote not directly from Barrack, but second-hand. It’s also possible that the quote comes not directly from Barrack’s friend, but from a third person who told Wolff he or she heard about it from that friend. Of course, we won’t know until we see the actual wording in Fire and Fury. Fortune reached out to Fire and Fury’s publisher, Henry Holt and Co., but did not receive an immediate response.

I spoke to Barrack—the billionaire chairman of real estate firm ColonyNorthStar—on Thursday morning, and he was outraged. “I never gave Wolff an interview, or any quote,” Barrack told me. “I don’t talk like that. Wolff texted me repeatedly, eight or nine times asking for an interview, and I always said I was busy, or can’t do it.” Barrack further states that he never said anything, to anybody that could have filtered back to Wolff as “he’s not just crazy, he’s stupid.”

What bothers Barrack most is that, he says, Wolff never called him to check his facts. “What’s amazing is that…he had my phone number, but didn’t call to run the quote by me,” Barrack said. “How can you report that some person allegedly heard this and not call to ask, ‘Did you really say it?’”

Staunch defender

Profile of Tom Barrack, Donald Trump's long term friend
Tom Barrack, real estate investor and CEO and founder of Colony Capital, at Colony’s offices in Los Angeles.The Washington Post The Washington Post/Getty Images
Brinson+Banks—The Washington Post/Getty Images

In conversation with Fortune, Barrack went on to stress his view that because of his outrageous outbursts, Trump is both misunderstood and greatly underrated. “He’s so much brighter and smarter than what people give him credit for,” says Barrack. “He’s a warrior. People get put off by the abruptness of his reactions. He’s intuitively and instinctively brilliant. Most of the things that appear to be off the cuff are part of a strategy.”

Indeed, in this reporter’s many conversations with Barrack since the beginning of the 2016 presidential campaign, he has at times expressed dismay at Trump’s attacks on the press, but has always heaped praise on Trump’s skills as a leader.

Barrack’s persona is that of a courtly, old-fashioned gentleman. I’ve never heard him be harshly critical of anyone, let alone Trump. Barrack first bonded with the developer when Barrack negotiated the sale of New York City’s Plaza Hotel to Trump in 1988, and has been probably his closest confidante, and defender in the business community, ever since.

Barrack gets plenty of flak for lauding Trump as a kind of improbable, improvisational genius, a view Trump’s critics find ridiculous. But this writer doesn’t doubt that Barrack is a true believer. To be frank, I don’t believe Barrack ever called Trump “stupid” and “crazy.”

Wolff’s willingness to use a second hand quote that rings so false, and according to Barrack, to neglect to call the supposed source for confirmation, is troubling. No doubt, the book is a phenomenon. Given the reported bashing from Trump’s closest associates, Americans will be extremely interested in knowing whether Wolff has the tapes, multiple confirmations, and other evidence to back his reporting. But Wolff has been criticized about his fact-gathering before. Based on the Barrack anecdote, folks should be skeptical.

About the Author
Shawn Tully
By Shawn TullySenior Editor-at-Large

Shawn Tully is a senior editor-at-large at Fortune, covering the biggest trends in business, aviation, politics, and leadership.

See full bioRight Arrow Button Icon

Latest in Leadership

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Leadership

Beyond the diploma: Skills that actually get graduates hired
Future of WorkWorkplace Innovation Summit
Beyond the diploma: Skills that actually get graduates hired
By Ashley LutzMay 22, 2026
2 hours ago
satya nadella
AITech
Microsoft reports are exposing AI’s real cost problem: Using the tech is more expensive than paying human employees
By Jake AngeloMay 22, 2026
2 hours ago
She grew Salesforce’s team by 600% in South Asia. Meet one of India’s most powerful women
NewslettersMPW Daily
She grew Salesforce’s team by 600% in South Asia. Meet one of India’s most powerful women
By Angelica AngMay 22, 2026
3 hours ago
Svenja Gudell, chief economist at Indeed
SuccessWorkplace Innovation Summit
Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers
By Emma BurleighMay 22, 2026
3 hours ago
Steve Wozniak
SuccessCareers
Apple’s Steve Wozniak says he cofounded the tech giant after 5 rejections from HP—not to ‘make money.’ For years, his paycheck was just $50
By Preston ForeMay 22, 2026
4 hours ago
A year in the life at HP: What matters to its sustainability lead in May 2026? 
EuropeHP
A year in the life at HP: What matters to its sustainability lead in May 2026? 
By Francesca CassidyMay 22, 2026
8 hours ago

Most Popular

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
Success
Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
By Preston ForeMay 21, 2026
1 day ago
Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'
Success
Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'
By Preston ForeMay 20, 2026
2 days ago
Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
Workplace Culture
Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
By Preston ForeMay 19, 2026
3 days ago
Pay transparency is exposing a bigger problem: Most companies can't explain why they pay what they pay
Workplace Culture
Pay transparency is exposing a bigger problem: Most companies can't explain why they pay what they pay
By Sydney LakeMay 20, 2026
2 days ago
McKinsey partner says up to 50% of work hours could be transformed within the next 5 years
AI
McKinsey partner says up to 50% of work hours could be transformed within the next 5 years
By Emma BurleighMay 21, 2026
1 day ago
Current price of oil as of May 21, 2026
Personal Finance
Current price of oil as of May 21, 2026
By Joseph HostetlerMay 21, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.