InstantNoodles
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- Nov 1, 2014
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I was a big fan of his back in college. I even read a few of his books and occasionally watched the apprentice. Reading this though changed my mind:
Several media organizations recently reported that he should have retired 30 years ago. Basically, he was worth $500 million in 1982. If he sold his real estate holdings then and invested in a S&P500 index fund, his fortune would have grown to $20 billion. This compares with a networth of $10 billion today.
His casinos went into bankruptcy.
Now what he's got talent for though is showbiz. He is VERY charismatic and VERY entertaining. In fact, that's what a large part of his networth comes from. Getting exposed to the public allows him to build the Trump brand, which he then licenses to real estate developers globally.
But once again, this whole thing is an act. This guy doesn't even compare to real estate moguls like Mortimer Zuckerman or Sam Zell.
source:
http://ventureask.com/qa/1/how-much-business-skill-does-donald-trump-actually-have
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What do you think?
Several media organizations recently reported that he should have retired 30 years ago. Basically, he was worth $500 million in 1982. If he sold his real estate holdings then and invested in a S&P500 index fund, his fortune would have grown to $20 billion. This compares with a networth of $10 billion today.
His casinos went into bankruptcy.
Now what he's got talent for though is showbiz. He is VERY charismatic and VERY entertaining. In fact, that's what a large part of his networth comes from. Getting exposed to the public allows him to build the Trump brand, which he then licenses to real estate developers globally.
But once again, this whole thing is an act. This guy doesn't even compare to real estate moguls like Mortimer Zuckerman or Sam Zell.
source:
http://ventureask.com/qa/1/how-much-business-skill-does-donald-trump-actually-have
----
What do you think?
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