He’s a good businessman, ok?!?
He wont be impeached so is the only hope that the next administration (haha) can charge him?
He wont be impeached so is the only hope that the next administration (haha) can charge him?
He's also not a good businessman. He's bankrupted 3 casinos.
To anyone here who is still on the Trump train, let's look at what this Epstien-island-visting, makeup wearing "stable genius" failed to sell to Americans:
~Red meat. ~Airline Travel. ~Gridiron football. ~College education. ~Liquor.
Yet this being is treated as some sort of business savant. Come on.
There also won't be a next administration, he's already said he's going to be president for life.
"Doing nothing" was a better businessman than Donald Trump.
Instead, he's bankrupted 3 casinos, and declared bankruptcy 6 times.
Why do people think he's some sort of business genius?
No "IIRC", but like ... reality.
In terms of actual wealth accumulation, just use a simple return calculator. If Donald Trump placed $1 billion into the S&P500 in 1980 and didn't invest dividends, he would have roughly $17.6 billion, based off the annualized return of 6.5%. However, based off court documents, Donald Trump got a LOT more than a billion, and some of that money was in NYC real estate, which grew much quicker than inflation.
> According to The New York Times, Fred and his wife, Mary, provided over $1 billion (in 2018 currency) to their [five] children
https://en.wikipedia.org/wiki/Fred_Trump
Edit: Only four living children, oops. And the claim was "the equivalent today [2018] of at least $413 million" went to Donald.
https://www.nytimes.com/interactive/2018/10/02/us/politics/t...
Also, Donald got approximately half of the fortune, not the 1/5 you would expect.
As much as you want that to be true, you're just objectively wrong.
Shit, my sister owns a walkup in lower Manhattan that she bought during COVID and it's already 3x'd in value as of latest appraisal.
You're stretching back 40-50 years, and that was when NYC was a dirty hellhole. It's nice now. You bought in Brooklyn at that same time Fred bought up a lot of Manhattan, you're looking at a return around 300-400x EASILY. Manhattan, if you bought in the 70s and 80s, you're looking at a much higher multiple.
What turned around his fortunes was being a game show host. He did do well from licensing his name. Also he is now really making a fortune off memecoins and other stuff that seems grifty.
People that think he was a good businessman are like joe six pack or vibe economy types. People in finance or real estate in New York would laugh at the idea.