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Trump has created wealth, but he also destroyed wealth in his multiple bankruptcies and the contractors he stiffed. One could argue that casinos (even if they a
by pg314 10y ago
Trump has created wealth, but he also destroyed wealth in his multiple bankruptcies and the contractors he stiffed. One could argue that casinos (even if they are profitable) are a net destructor of wealth. It is very hard to get a clear picture of exactly how much net wealth he created since there is no reliable information. Tax returns would have been a good start...
His father, Fred Trump, built a real estate empire of 27.000 apartments in Brooklyn and Queens. Just sitting on those and maintaining and expanding it would have resulted in a fortune many times bigger than he has today.