- Feb 12, 2007
- 59,384
- 24,018
- 2,290
Had Trump taken the his money in 1974 when he started in his real estate business and just invested it in an SP500 index fund and gave up his business, his net worth today would be 11 billion dollars. The fact is Trump used money from his Dad and the collateral from his Dad's business worth about 170 million to build his real estate business. Had he stuck with what he knew, real estate he would have been far richer today. From the late 80's into 90's he ventured into a dozen businesses such as casinos, restaurants, airlines, wine sales, steak retailing, etc. and lost his shirt to the tune of 920 million dollars. What saved Trump was his real estate holdings in New York where the market increase 84% in the 90's and 116% in early 2000's. Since his real estate holdings were highly leveraged, he saw huge increases in his net worth.Thank you, and I stand corrected. The $1M figure is the loan Trump's dad provided to him at the start of his career, which Trump paid back with interest. And yes, Trump was already incredibly successful when he inherited money from his father years later.
Other than direct handouts from Daddy, Trump got favorable banking etc based on his father's name.
Without Daddy, Trump would be shit.
Jealous much?
Jealous? Nope. Just laughing at you thinking Trump is this brilliant businessman.
Being a business cheat is not being a brilliant businessman.
You can call him names all you want. It doesn't change the fact that he has built a highly successful global business.
Trump was no great businessman. He was born rich and got richer utilizing his family's money and connections. The only business that Trump owned that was really successful was his real estate holdings. He lost money on every other business he got into.
Donald Trump isn't rich because he's a great investor. He's rich because his dad was rich.
Yes, I'll file that right next to the Islamic Video, hiLIARy ran from Sniper Fire, and Obama's Iran Deal spin.