That’s something that’s often overlooked, with a $10 million dollar gift and 45 years to work at it, a lot of people would become billionaires.
I’m not a Michael Bloomberg guy, but he also started out wealthy, about the same as Trump, and is worth 4X what Trump is worth, so why aren’t all these Trumpers going to “Git R Done Bloomberg” since is obviously a lot more skilled at that game than Donald?
Being good at investing is a good skill, doesn’t mean you’ll be a good President. It’s nice he increased his daddy’s big bequest, but I’m not all that impressed.
Totally false.
Give 1000 20 year olds $10 million dollars, 999 of them will blow it.
How many NFL and NBA players are billionaires when they are 55?
I think it’s harder than you make it seem. If it were easy, there’d be a lot more wealthy people.
In my experience as a professional investor, most inherited money is spent within 5 years.