noooooo....he would not have.
Maybe you would be happy filing your nails while living off interest but most people want to do something with their lives.
the rule of 72 - your money doubles every 7.2 years at 10%
If he inherited 200 million at age 30 (and I don’t know how old he was when he got it) then he had 5.5 doubles to now which would give him less than 5 billion - he has twice that and the assets he has are appreciating every day. He would also have had to live on none of that 200 million the entire time. Who wants to spend their life like that?
Plus he can take depreciation and you mentioned municipal bonds, what municipal bonds pay 10% that are stable? Right now you’re lucky to get ANY interest.
Trump went to Wharton...I think he knows a thing or two about accumulating assets.