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Business Success of Donald J. Trump

 
 
gollum
 
Reply Tue 13 Dec, 2016 01:43 pm
I read that Donald J. Trump received a $1 million gift from his father about the time he graduated college.

I read that Mr. Trump's present net worth could be anywhere from a few hundred million dollars to a few billion dollars (or to the $10 billion he claims).

Even if it is "only" a few hundred million dollars at what rate of return and through what devices and otherwise did he get from $1 million to a few hundred million dollars?
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Type: Question • Score: 0 • Views: 2,256 • Replies: 8
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cicerone imposter
 
  1  
Reply Tue 13 Dec, 2016 02:38 pm
@gollum,
Trump's wealth has been studied by the best economists, and they determined that he would be much richer if he had just invested in index funds rather than property.
$1 million in 1970 would be worth over $6 million today.
cicerone imposter
 
  1  
Reply Tue 13 Dec, 2016 05:29 pm
@cicerone imposter,
Quote:
Forbes recently reduced its estimate of Donald Trump's net worth to $3.7 billion, down from $4.5 billion earlier this year. Forbes said the softening of the high end retail and commercial property market in New York City is to blame for the $800 million reduction. In their reassessment, Forbes looked at 28 assets of which they said 18 had declined in value since the last estimate.

Read more: Donald Trump's Real Net Worth: $3.5 billion | Investopedia http://www.investopedia.com/updates/donald-trump-net-worth/#ixzz4SlPyJW4d
Follow us: Investopedia on Facebook
cicerone imposter
 
  1  
Reply Tue 13 Dec, 2016 05:32 pm
@cicerone imposter,
http://www.nbcnews.com/politics/2016-election/donald-trump-claims-hes-worth-10-billion-n392706

When Trump has to lie about his net worth, he's not worth listening to.

http://web.tampabay.com/news/politics/national/politifacts-2016-lie-of-the-year-fake-news/2306159
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gollum
 
  0  
Reply Tue 13 Dec, 2016 07:43 pm
@cicerone imposter,
cicerone imposter-

Thank you.

OK. $6 million. But his net worth is estimated to be at least several hundred million dollars,
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McGentrix
 
  1  
Reply Tue 13 Dec, 2016 08:25 pm
I have no idea for sure. I am sure it had something to do with buying and selling stuff, investments, business deals, etc.

But, I doubt you can get any liberal here to actually come to terms with the fact that trump has been successful in anything.
cicerone imposter
 
  1  
Reply Tue 13 Dec, 2016 08:40 pm
@McGentrix,
I'm not a liberal. I'm a fiscal conservative. I don't believe in big government. Your view of Trump's success is tainted. He inherited his money from daddy. If he had invested what he received from daddy in index funds (stock market), he would be much richer today.

http://investorplace.com/2015/09/donald-trump-vs-vanguard-500-index-vfinx/#.WFCx6oWcGUk
McGentrix
 
  0  
Reply Tue 13 Dec, 2016 10:31 pm
@cicerone imposter,
You keep saying that and I wonder if anyone really cares? I know you believe that sitting around doing nothing is fine, but not Trump. He's a mover and a shaker and wants to participate in his fortune and his life.

Lots of people inherit money, but none of them are Trump.
cicerone imposter
 
  0  
Reply Tue 13 Dec, 2016 11:02 pm
@McGentrix,
Quote:
Lots of people inherit money, but none of them are Trump.


Thank god!
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