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I'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
by mattmaroon 18y ago
I'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.