I admire trump as a businessman who preserved and built on a large fortune. He hasn’t outpaced the stock market but all appearances are that all in all, he stayed ahead of inflation. He’s done well.
But not as well as he makes out. He is no business genius. I’ll leave that appellation to the likes of Warren Buffet, Steve Jobs, Bill Gates, and Mark Zuckerberg. These guys came from middle class or upper middle class backgrounds (Buffett was the son of a congressman when congressman didn’t make $160k+). They really made tens and tens of billions from nearly nothing.
Buffet, as an example, gave away half his wealth a few years back, and as of 2013 was back to $60 billion+. trump is a moderately successful conservator daddy’s fortune (what do you think 27,000 apartments in New York were worth in 1970? Do the math.). Warren Buffet is a business genius who could buy the likes of trump several times per year. trump is a little boy who thinks he’s a big dogs.
All you can say to the assertion that he is a very satisfactory businessman, is this?
I guess every boss should grovel in shame that he isn’t Bill Gates.
It’s academic, truly. What would a Buffett run for the presidency be like? We really WOULD be unanimous that here is a destroyer. (Except on the D side of the aisle, who would swoon.) Trump is sufficiently good and has multiplied wealth well.
I’d also like to see substantiation of “not outpaced stock market.” If true, I wonder where this invisible Dow is. Had Trump bought an average stock portfolio and sat on it, we might be talking multimillionaire all right. But we are talking multibillionaire.
Trump’s stock was not on Wall Street which is investors making other investors richer with funny money. It was buildings with occupants.
Warren Buffet, Steve Jobs, Bill Gates, and Mark Zuckerberg. These guys came from middle class or upper middle class .
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And you admire these left wing radicals? I’ll take Trump every day and twice on Sunday. He didn’t inherit tens of millions as you infer. His Daddy’s fortune was no where near his own. Others in his family also inherited, but Trump had already made millions before his father died. He did it by hard work and brilliant talent.
Lots of times it is what you don’t hear about a person that speaks louder than what you do hear. Have you ever wondered why, out of thousands of people he has employed, you never hear or see a damning article or report about him?I’d say he must be a pretty good person and has treated his people well.
>> he stayed ahead of inflation <<
Maybe.
But anyway, I believe that if you took the 200 to 300 million that his dad’s real estate was worth at the time of the dad’s passing, and then multiplied that number by the average price increase for New York real estate over the last 30 or so years, I believe you might come up with a figure close to the two to three billion that DJT’s real estate is worth today.
Therefore, if Don had simply held onto his dad’s holdings for the past 30 years, without making major changes, and without all the hoopla and bankruptcies, I suspect that nowadays, his net worth would probably be in that same two to three billion neighborhood.