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Trump still beat the S&P 500

By AD following x   2019 Mar 24, 9:59pm 271 views   2 comments   watch   nsfw   quote     share    


The NY Times claims Trump received a total of $413 million in 2018 dollars over his lifetime from his dad's estate. The NY Times stated "Here is what can be said with certainty: Had Mr. Trump done nothing but invest the money his father gave him in an index fund that tracks the Standard & Poor’s 500, he would be worth $1.96 billion today."


However, even Bloomberg low ball estimates claim Trump is worth at least $2.8 billion. So Trump beat the S&P 500.

I give him credit for that and landing on his feet (after bad investments like the Taj Mahal, Eastern Airlines, and Plaza Hotel) to have a net worth of at least $2.8 billion.

https://www.nytimes.com/interactive/2018/10/02/us/politics/donald-trump-tax-schemes-fred-trump.html?action=click&module=Top%20Stories&pgtype=Homepage
1   MrMagic   ignore (11)   2019 Mar 24, 10:09pm   ↑ like (2)   ↓ dislike (0)   quote   flag        

AD says
The NY Times stated "Here is what can be said with certainty: Had Mr. Trump done nothing but invest the money his father gave him in an index fund that tracks the Standard & Poor’s 500, he would be worth $1.96 billion today."


One small detail the NYT omits, Trump produced jobs for over 22,000 people around the world, plus think of all the companies that provide products and services to all of Trump's businesses. How much have all those employees invested in the market and what's their net worth?

When you add all that value together, he blows the S&P away in total value.

Fake news again at the NYT.
2   AD   ignore (0)   2019 Mar 24, 10:53pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Good point, plus he beat the S&P 500 by at least $1 billion.

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