"You didn't read about the real estate." What are you talking about? His father gave him a $14-60 million dollar loan depending on who you ask. If you're talk

"You didn't read about the real estate." What are you talking about? His father gave him a $14-60 million dollar loan depending on who you ask. If you're talking about the real estate Trump's family received after his father's death, that was around 2004, but you're conflating that with the initial speculation that he should have put that in the stock market. That would have been a VERY bad move as the stock market crashed in 2008. EDIT: I hit my posting limit apparently. To your reply, you're simply wrong. Overall he performed better in the long run. There were periods of time where he could have performed better in index funds, but that would require good timing and shifting of funds. It's not exactly easy to liquidate real estate and shift it to index funds either. Here's the article without a paywall (I didn't receive one though) https://outline.com/4FNxkP https://outline.com/4FNxkP I'm not sure how you're calculating it differently than Bloomberg is, but their numbers add up. EDIT2: Yes his father died in 1999, but his liquid assets were received by his children in 2004. It takes awhile to liquidate real estate. Either way, my point still stands. $20 million was split between the Trump children, which they sold off for around $500 million (split equally). That's furthering the argument that real estate is a good investment, you wouldn't get those returns in a low-risk index fund. Especially with the impending 2008 crash. EDIT3: You stopped reading after the 3rd paragraph that has nothing to do with the discussion? The article makes the calculation for the S&P 500 investment strategy and compares it to his net worth, which Bloomberg calculated to be lower than Forbes... LASTEDIT: You don't need a tax return to determine someone's net worth. Most people don't release their tax returns. In fact a tax return won't tell you enough information alone to determine someone's net worth.