His father had 27,000 apartment units by 1970. If Donald had just maintained the units, collected the rent, kept up with the times, how much would those 27,000 units be worth today? Two or three billion dollars? More? In 45 years, how much wealth did Donald add to his daddy’s fortune? Independent estimates of trump’s current wealth are two to four billion. Did Donnie really add anything of his own to daddy’s fortune? In fairness, he kept it up. Physical assets need care, and in terms of value, trump’s current fortune represents a value similar to his father’s, if maintained properly. Good job. But hardly genius.
Please bring forth the math, if you believe it was a matter of mere real estate boom.
You’re strawmanning again anyhow.
Got to remember too that even in the real estate biz, it is location, location, location. Getting out of the right things and into the right things counts. Being able to see possibility as well as futility early is part of it.
And I would posit that the spirit of real estate management is one more practical than the spirit of stock juggling. You have physical things to care for, persons to deal with, every day.
You talk as if Trump inherited all of his father’s fortune. That is a lie. Trump inherited a part of his father’s fortune but after he had already made a fortune of his own. Furthermore there are a lot of things that carry Donald Trump p’s name that didn’t even exist in his father’s time.
I saw an article that if Trump had invested his 250 million$ inheritance he would have ended up with 6 Billion$ or more than he now has,
He did get his name on a bunch of stuff though and he was on TV