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Trump, the "Great Businessman" was given millions of dollars by his father,


Trump, the "Great Businessman" was given millions of dollars by his father,  

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Author: TheCrow   Date: 2/24/2022 12:34:18 PM  +1/-1  

Trump, the "Great Businessman" was given millions of dollars by his father, fred Trump:

"A landmark New York Times investigation uncovered that despite the President's claims to being self-made, Fred gave Donald at least $413 million from his own successful real estate business over the years. The Times also reported that Fred transferred some of this wealth through dubious tax schemes."
 
Yeah, well so what? Trump's business acumen is not so impressive if you convert his 2015 net worth to 1970 dollars: 
 
"On June 16, 2015, just before announcing his candidacy for president of the United States, Trump released a one-page financial statement "from a big accounting firm—one of the most respected—stating a net worth of $8,737,540,000. "I'm really rich," Trump said. Forbes believed his claim of $9 billion was "a whopper", figuring it was actually $4.1 billion."
 
I'm guessing that the "big accounting firm—one of the most respected" was Mazars, who terminated their relationship with Trump citing unreliable or incomplete data. Skip all that and get to the crux of his statement versus the facts, that his father gave him "at least $413 million" which adjusted for inflation from 1970 to 2022 is $2,992,632,062.18.  
 
Now, remove that inflationary increase from the principle over 52 years and the rate of return Trump's daddy's money, is, well: 0.62% annually. Some "Great Businessman", eh? Kinda like him bragging about an "Ivy League Education" and then forcing his schools to seal his records.
 
That calculation is only from 1970 to 2015 and doesn't include the three, maybe four or 5 presidential campaigns.
 
Whatever, Donald Trump has enough money that he doesn't need to worry. Except about pending civil and potential criminal actions against him...
 
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Trump, the "Great Businessman" was given millions of dollars by his father, +1/-1 TheCrow 2/24/2022 12:34:18 PM