that's total crap lol..if it were that simple there would be multiple thousands of billionaires today
$40 million in 1974 would be 3 billion today - what trump is actually worth.
$200 million would be much much more today.
At BEST, Trump inherited the minimum 40 million and being worth 2.9 billion today, just about broke even.
IF he inherited more, then he underachieved.
EITHER WAY, he claims to be amazing at making deals - but he also claimed last night "i have a lot better IQ than anyone running". Um, you mean "higher"? I dunno about 4 bankruptcies either... When I think BUSINESS, I think mark Cuban or some of those worth billions who built it. Trump inherited and rode interest then had a tv show that did really well. he's a tv star that struggled in business, let's be honest.
Donald Trump's inheritance was somewhere between 40 and 200 million in 1974.[2][3] Here's one of those estimates:
Trump took over a $200 million real-estate-development business from his father, Fred Trump, in 1974. Dáte estimates that Trump's share of the empire — he has three siblings — was $40 million.[6]
Since 1974, the S&P 500 is up about 74-fold. So his current claimed net worth of 8.7 billion would equate to about 120 million in 1974, which is right in the middle of estimates of what he inherited.
His performance was very close to that of the market from 1982 to present, and possibly from 1974 to present.
If he spent a small percentage of his net worth each year, it's possible her outperformed the market over time. If his inheritance was at the low end of those estimates, he outperformed more. It's also possible he received some money from his father prior to that inheritance. If that's true or if his inheritance was at the high end of those estimates, then he underperformed the market.
Another way to look at the data is to assume he inherited $40 million in 1974, at the low end of estimates. If he had invested that $40 million in an S&P 500 index, fund, he'd be worth about 3 billion today — which is in line with third party estimates of 3 and 4 billion today for his net worth.
Regardless, the inescapable conclusion is that a very large percentage of his net worth is the result of inheritance and normal compounding.