Key take-away: "the former president’s net worth increased $217 million to $3.9 billion"
This only secured Trump's place as a *marginal* businessman.
Assuming he had inherited $400MM when he was 18 (60 years ago), simply adjusting for "the time value of money" (keeping up with inflation), it would be worth 10.5 times as much today, or $4.2-billion.
What was true about Trump in 2021 seems to hold true today:
"It’s Official: Trump Would Be Richer If He Had Just Invested His Inheritance Into The S&P 500
It’s Official: Trump Would Be Richer If He Had Just Invested His Inheritance Into The S&P 500"
by Dan Alexander
Oct 11, 2021 06:30am EDT
https://www.forbes.com/sites/danalexander/2021/10/11/its-official-trump-would-be-richer-if-he-had-just-invested-his-inheritance-into-the-sp500/
John Carlsen 🇺🇸🇳🇱🇪🇺
npub12r…ejusm
2024-09-14 12:35:21 UTC
in reply to nevent1q…uh2m
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2024-09-14 12:35:21 UTCEvent JSON
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"content": "Key take-away: \"the former president’s net worth increased $217 million to $3.9 billion\"\n\nThis only secured Trump's place as a *marginal* businessman.\n\nAssuming he had inherited $400MM when he was 18 (60 years ago), simply adjusting for \"the time value of money\" (keeping up with inflation), it would be worth 10.5 times as much today, or $4.2-billion.\n\nWhat was true about Trump in 2021 seems to hold true today:\n\n\"It’s Official: Trump Would Be Richer If He Had Just Invested His Inheritance Into The S\u0026P 500\n\nIt’s Official: Trump Would Be Richer If He Had Just Invested His Inheritance Into The S\u0026P 500\"\n\nby Dan Alexander\nOct 11, 2021 06:30am EDT\n\nhttps://www.forbes.com/sites/danalexander/2021/10/11/its-official-trump-would-be-richer-if-he-had-just-invested-his-inheritance-into-the-sp500/",
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