Fortune obviously wasn't enough. How about Forbes?Speaker to Animals wrote:Furthermore, to get from the ten million or whatever his father gave him to three billion dollars, he needed to return 1000% per year for 30 years. The S&P index fund does not return 1000% per year.. Also, he built up more than three times that wealth (10 billion).
Maybe consider getting out of the markets, dude.
1000% of 10 million is 100 million. At a constant annual return of 1000%, it would take you 10 years to reach 1 billion dollars. To reach 3 billion dollars, it would take 30 years. He obviously faired better than even 1000% annual return since he has a net worth of over 10 billion dollars. I was just giving you numbers easier to manipulate.
Your index fund barely beats inflation. It doesn't come anywhere near 1000%. Try more like 10%.
http://www.forbes.com/donald-trump/#73203880790b
He values his name at $3 billion. http://www.slate.com/blogs/moneybox/201 ... llion.htmlyou just need to answer a simple question:
What’s Donald Trump Really Worth?
Forbes Estimate
$3.7 billion
I can do this all night, but it won't change your mind. To you, he's The Savior Genius. To me, he's an idiot NYC con-man that beat a known criminal because of a rigged primary system. Time will tell what's coming, but I'm not confident.his numbers have been challenged by ex-wives, journalists, and skeptical fellow real estate developers, with some pegging his net worth in the mere nine digits.