2 ms·
Had Donald Trump liquidated his real estate holdings upon receiving them from his father, and invested them into the S&P500 exclusively, his net worth IIRC woul
by NickC25 1y ago
Had Donald Trump liquidated his real estate holdings upon receiving them from his father, and invested them into the S&P500 exclusively, his net worth IIRC would be approximately in the range of ~$30-40 Billion.
Instead, he's bankrupted 3 casinos, and declared bankruptcy 6 times.
Why do people think he's some sort of business genius?
- moralestapia 1y agoCan you back up your claim with sources and ... actual numbers? No "IIRC", but like ... reality.
- NickC25 1y agoHis inheritance is publicly documented....by him. So nobody knows the exact amount of money he received, and if it was in cash, valuation of properties, etc. So no, I can't back up exactly how much, because Donald Trump claims he was given a certain amount, and that amount has changed several times depends on who he's talking to. In terms of actual wealth accumulation, just use a simple return calculator. If Donald Trump placed $1 billion into the S&P500 in 1980 and didn't invest dividends, he would have roughly $17.6 billion, based off the annualized return of 6.5%. However, based off court documents, Donald Trump got a LOT more than a billion, and some of that money was in NYC real estate, which grew much quicker than inflation.