It'll never cease to amaze me that people see the word "billion" and ignore all other variables involved, such as baseline wealth.
As far as I recall I don't think I've said I think what he did is easy. But I don't think his wealth shows that he's savvy or proves that he understands the economy for the middle class. I think not a small proportion of the population, given that they had the ambition to be filthy rich, could have done what he did given that they started off with the amount of $ that less than 400 people had in 1980.
Trump got a "small loan" of $1 million and gained control of his father's company in 1971. This is probably where Rubio gets the $200 million dollar figure for what he was given.
The latest figure has his current net worth somewhere between $4-4.5 billion. The Forbes 400 said $4.1 billion in their latest list, and in '82 estimated him worth $200 million. Of course, Donald likes to brag using exaggerated numbers-- in '82 he claimed he was worth "more than $500 million" and of course, no he says he's worth north of $10 billion. But we know he's full of crap, right?
But, to your point, he's done a fairly mediocre job managing his money. Let's give him the benefit of the doubt. If he'd simply taken his fortune of $500 million in '82 and invested it in UNmanaged stock index funds (e.g., doesn't need actively managed, just reinvest the interest you make back into funds), he'd be worth $20 billion today. That's twice his claimed net worth and 5x the objective net worth.
Basically, Donald would've been much better off doing next to nothing with his money than actively using it.
Hemingway may be right about the executive experience bit, but I'd argue he's actually done a pretty shoddy job as an executive, and very basic numbers seem to back that up.
The estimates for how much he was loaned in 1974 are from $40 million to $200 million. He also received thousands of properties.
Also:
I bet that 75% of the people that post on this site had more money than all but 400 people in the entire U.S. in 1982. I bet that 75% of the people that post on this site were several billion $ in debt and got their asses saved by a bail out.
Yikes...I think you would lose both those bets...don't you?
1-800-BETS OFF