Yes, but you’re discounting all the work an expertise that goes into maintaining such large holdings.
Even if trump doesn’t own a single one of daddy’s original units, he has preserved the value, inflation-adjusted, and that’s a fair bit of businessmanship. Kudos to him.
>> you’re discounting all the work an expertise that goes into maintaining such large holdings <<
Not my intent.
On the other hand, there are thousands of “large holdings” in the USA. Most get maintained in one way or another. So the expertise isn’t necessarily the rarest of abilities. I’d say there’s lotsa talent for that sort of thing.
Anyway, I’m certainly not saying that “anybody can do it” — but rather that it’s just one among many other valuable skills that abound in a free-market economy. Moreover, somebody who is a whiz in property management may well be a flop in other pursuits.