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http://www.nytimes.com/2005/10/23/business/yourmoney/23trump.html http://www.nytimes.com/2005/10/23/business/yourmoney/23trump... At least one other guy talked
by cellis 18y ago
http://www.nytimes.com/2005/10/23/business/yourmoney/23trump.html http://www.nytimes.com/2005/10/23/business/yourmoney/23trump...
At least one other guy talked his way to the top.
- dmix 18y agoDonald Trumps father had a 400 million dollar fortune. More accurately he talked his way from the near-top to the very top. This article also mentioned Gary's father had a 4 million dollar wine business.
- mattmaroon 18y agoI've read that Trump's fortune, before he became a TV celebrity with The Apprentice, was actually less than he would have had if he had simply taken all of the money he inherited and put it in a savings account at a bank. Essentially he wasn't a very good investor.
- mynameishere 18y agoHe was a celebrity a long time ago, and I doubt he made >2.5 billion from a TV show.
- mattmaroon 18y agoHe wasn't a TV celebrity though. He was more tabloid fodder. And no, he didn't make it from the show directly, but the show made his brand name a lot more valuable, and made it a lot easier for him to make money from his businesses. And his true worth is probably far less than that. A lot of people claim in the $150m-$250m range. It's hard to estimate a guy whose worth is primarily not in equities.
- byrneseyeview 18y agoIt has been a running joke in Forbes -- since the 80's -- that he thinks they've underestimated his net worth. I think the issue is not that he doesn't own equities -- they estimate the fortunes of Bloomberg, the Koches, the [Fidelity] Johnsons, etc. just fine. The problem is that he's so leveraged: being off by 10% on his assets might mean being off by 50% on his equity.
- coliveira 18y agoHe made and lost fortunes over time in real estate deals. It depends of what period you're talking about.