- Mar 2013
- Middle Tennessee
No doubt he's even dumber now than he was when he was younger. By the way, he was never very smart. Trump is the beneficiary of a rich daddy who left him $10 billion in his will. Trump has $7 billion now, supposedly. So the business "genius" has managed to accrue -$3,000,000,000 since his daddy died. He could've done better by, literally, burying his inheritance in the backyard.
Best estimates at the time of daddy's death was the entire estate was worth about $100 million. I forget how many, but Trump does have siblings so he didn't inherit the entire estate. Estimates are that IF he actually owns all of the property that has his name on it, then he should be worth somewhere between $2.8 and $3.2 billion. However, some of that property is merely licensed to to use the Trump name. With many of them being foreign properties its hard to tell who actually owns them. We have no idea how much he owes banks and or investors on the rest of the properties. Against estimates available from what few public records there are say between $350 million to more than $650 million. I firmly believe the reason he won't rel;ease his taxes is that he's not nearly as rich, though certain not poor, as he says he is. After decades of presenting himself as a billionaire it would be crushing to blow to his exceedingly fragile ego for the world to find out he isn't. Like wise I suspect that many of those properties are carrying huge debt loads.
THIS IS THE SINGLE BIGGEST QUESTION WE NEED ANSWERED !!! His own son admitted some years ago they had received substantial investments from Russians. If he owes literally hundred of millions of dollars to friends of Vladimir Putin, how compromised does that make him ?? If they are carrying so much of his debt that calling in those loans could drive his empire straight into bankruptcy court ?? How much influence do you think they have over him ??
Now here's the kicker. Had Trump and family taken daddy's $100 million back in I think it was 1973 and invested it in a simple stock market index fund. They'd be worth between $6 and $7 BILLION dollars.
Trump is one of those people that started life on third base and thinks they've hit a home run. He was born rich, attended all the right schools, joined all the right clubs, made all the right connections. It would be MORE of a shocker if he wasn't rich. But in Trumps world he hasn't just hit a home run, he's hit THE YUGEST, BIGGEST, BESTEST, MOST FANTASTICAL home run ever hit by any one on the entire planet.
I truly don't see him as that great a business man.