Why Donald Trump is rich and you are not?

Discussion in 'Politics' started by JKWS, 8th Aug, 2015.

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  1. Azazel

    Azazel Well-Known Member

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    Starts with A...?
    Ends with ...lan Bond?
     
    Azazel, 17th Aug, 2015
    #41
  2. Chilliblue

    Chilliblue Well-Known Member

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    Thinking also G with the last name ending in stein
     
    Chilliblue, 17th Aug, 2015
    #42
  3. Redwing

    Redwing Well-Known Member

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    There is an interesting piece about the Don in a NY Time Article - What's he Really Worth?

    Forbes put Don at a worth of $200M in 1982 and $4.1B in 2014. If he put that $200M into the S&P500 (+ Dividends), he'd probably be over the $4.1B
     
    Redwing, 17th Aug, 2015
    #43
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  4. Redwing

    Redwing Well-Known Member

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    Not sure what it looks like in early 2016...

    [​IMG]
     
    Redwing, 25th Feb, 2016
    #44
  5. AndrewTDP

    AndrewTDP Well-Known Member

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    Trump is rich because his parents were rich.

    He's not actually all that successful at making money.
     
    Last edited: 25th Feb, 2016
    AndrewTDP, 25th Feb, 2016
    #45
  6. wogitalia

    wogitalia Well-Known Member

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    Yep, Trump inherited his wealth and has done his best to try and lose it since, he's matched the market at best and greatly underperformed it on more conservative estimates.

    Not exactly the kind of guy that's path to wealth is relevant to anyone but the .00001% who can inherit a few hundred million at a young age.
     
    wogitalia, 25th Feb, 2016
    #46
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  7. geoffw

    geoffw Moderator Staff Member

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    Yes, he did inherit his money. And yes, his net worth would have been higher if he'd put all his money into the stock exchange. However, he has spent like there's no tomorrow. Without that profligate spending may well have vastly outperformed other investments.

    I'm not defending him btw. I don't like him personally.
     
    geoffw, 25th Feb, 2016
    #47
  8. JDP1

    JDP1 Well-Known Member

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    would you rather he be like paris hilton and contribute bugger all ...or do something with what he has been given and create something that has hired thousands of people and contributed to some form of economic activity. I would give him some credit for that...he didnt just take the easy way and sit around sailing in the Hamptons etc...although i too personally dislike him.
     
    JDP1, 26th Feb, 2016
    #48
  9. wogitalia

    wogitalia Well-Known Member

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    You could make a case that Paris Hilton has been more successful than Trump in business. She inherited only $5m and is worth 20x that in less than 10 years.

    You certainly could have picked someone better as the comparison, Hilton is actually a pretty successful businesswoman.
     
    wogitalia, 26th Feb, 2016
    #49
  10. JDP1

    JDP1 Well-Known Member

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    yes she has made a ton of money via perfumes, handbags , dingbat reality shows and club promotions/ marketing wetc and other business ventures. Does not mean she has produced to society as much as trump has...just because she has earned more money.
     
    JDP1, 26th Feb, 2016
    #50
  11. Xenia

    Xenia Well-Known Member

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    You are the only one here who is really rich Barnes. Well done to you my friend, can I buy you lunch? Again.
     
    Xenia, 26th Feb, 2016
    #51
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  12. Sackie

    Sackie Well-Known Member

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    ahh...really @Xenia?...considering the company he is in amongst this forum.....I'm not so sure..:p
     
    Sackie, 26th Feb, 2016
    #52
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  13. barnes

    barnes Well-Known Member

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    Well, I have sold everything except one IP - cashed in and sitting on a pile of cash - waiting. What about you, are you sure that you'll be able to get out in time and not lose much?
    I'm not so sure... :)
    What kind of company you are talking about?
     
    barnes, 26th Feb, 2016
    #53
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  14. barnes

    barnes Well-Known Member

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    I'm rich enough to buy lunch. :) and ready to met at lunch, just pick the time. You are busier than I am.
     
    barnes, 26th Feb, 2016
    #54
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  15. Sackie

    Sackie Well-Known Member

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    [QUO"barnes, post: 167781, member: 1641"] are you sure that you'll be able to get out in time and not lose much?
    No, I'm not certain, you can never be 100% safe when you go all out hardcore for your dreams, but the way I have my portfolio at the moment, its more than probable that if there was a complete massive crash across the entire country in every market, say 50% plus, I will be OK and can hold on.



    What kind of company you are talking about?

    I'm sure there are some on the forum who are quite well off, financially speaking. :)
     
    Sackie, 26th Feb, 2016
    #55
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  16. 2FAST4U

    2FAST4U Well-Known Member

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    Of course they don't mention that. In America they're all 'self-made'. Donald's daddy gives him $5 million to start off with, but because he's managed to increase that figure many multitudes he's 'self-made'.

    Edit- Not sure how much he inherited but it's a common theme in America.
     
    Last edited: 26th Feb, 2016
    2FAST4U, 26th Feb, 2016
    #56
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  17. geoffw

    geoffw Moderator Staff Member

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    It's estimated that it was $40m to $200m.
     
    geoffw, 26th Feb, 2016
    #57
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  18. wogitalia

    wogitalia Well-Known Member

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    Yep, the lowest estimate is $40m, which in modern terms would be the equivalent of $430m.
     
    wogitalia, 26th Feb, 2016
    #58
  19. MTR

    MTR Well-Known Member

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    Just realised you have egg on your face....LOL
    I finally worked it out...OK, nice one
     
    MTR, 26th Feb, 2016
    #59
  20. Xenia

    Xenia Well-Known Member

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    I'm sure there are a lot of successful people on this forum. Just giving Barnes a compliment.
    I know he is cashed up because I sold all his Adelaide properties for him and I know he had others too elsewhere.

    Great position to be in, not competing with anyone else but great financial position to be in.
     
    Xenia, 26th Feb, 2016
    #60
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