He multiplied a $400 million inheritance into a $5 billion (approximate) personal net wealth. I don’t think that’s bad at all.
Those who deride him claim that he could have done better if he just invested his money. I always ask these financial geniuses where I should put my net wealth for the next years, but they never seem to answer.
He BORROWED $1million from his father, and grew that. (And repaid his father.)
>>He multiplied a $400 million inheritance into a $5 billion (approximate) personal net wealth. I don’t think that’s bad at all.
Over that period of time, he could have done that in the standard combination of stock and bond index funds.