>> If he could deliver to America half as well as he has done with his private estate <<
I’m going to estimate that the average price of an apartment in NYC these days is around $100,000.
(Manhattan values are, of course, much much higher, maybe by a factor of eight to ten. But the outer boroughs pull the average down. And most of Fred Trump’s holdings were in the outer boroughs.)
Therefore, if you take the 27,000 apartments owned by Fred Trump and multiply by that $80K average value, you come up with about 2.7 billion dollars — which is very close to what Forbes and others say is the real value of Donald’s current net worth.
Another approach would be to take Don’s estimated annual cash flow of 300 to 400 million, and multiply by the real estate industry’s commonly used figure of ten.
So, at a 10% cash flow rate of return, the current Trump empire could be estimated at three to four billion — which is still close to my updated valuation of Fred’s holdings.
(Don’s net worth is nowhere near the ten or so billion that one often sees bandied about. That figure includes a self-proclaimed value for the Trump “brand” — something that can’t be traded and most of which which would instantly disappear if Don left the business.)
Even looking at the paper, this is a world where things go south a lot more easily than they go north. What had to be spent on the apartments?
Even being able to keep America from getting into a bigger hole would be something good. To keep it from shooting itself in the foot.
Trump would be a lot less likely to say “we need a new federal agency to do thus and such” than a lot of his rivals. Leaner swarms of offices doesn’t mean as much as reducing the number of offices themselves.
So let us assume for sake of argument Trump is only rightly able to brag about not wasting. That alone would be a colossal achievement in Washington.
When will pou people stop insisting Fred Trump’s fortune went to Donald in its entirety. There were FIVE children who inherited EQUALLY!!!