3 ms·

Quick search doesn't find an article making that claim, care to cite it?

• clairity 8y ago
  here you go: https://www.nytimes.com/interactive/2018/10/02/us/politics/donald-trump-tax-schemes-fred-trump.html https://www.nytimes.com/interactive/2018/10/02/us/politics/d... and sorry, i misremembered the numbers. he got over $400 million (at least) from dad, and that would be worth about $2 billion if simply invested in an index fund (according to the article).
  • ikeboy 8y ago
    The $400M number is inflation adjusted already, the actual numbers are lower. https://www.bloomberg.com/opinion/articles/2015-09-03/should-donald-trump-have-indexed- https://www.bloomberg.com/opinion/articles/2015-09-03/should... is a good critique of these kinds of calculations in general - they usually assume perfect market timing
    • clairity 8y ago
      yes, but that doesn't matter. at the end, they estimate the current value from indexing to be about $2B. the trump wealth transfer started over 60 years ago. over the long run, market timing doesn't matter that much. (EDIT: and that opinion piece was not coherent; the author mixed up trump's businesses with his net worth, and convoluted other finance concepts to render his desired "opinion". it was awful.)
      • ikeboy 8y ago
        That's just not the case - if you assume he bought in during a low point you'll get a much higher figure. Besides, there's no claim that he was given anywhere close to $400M over 60 years ago, nor can anyone be realistically expected to invest their inheritance starting at the age of 12.
        • cm2012 8y ago
          Trump inherited most of it in 2000 when his mother died. He had money before that from gifts though.