- Wed Feb 24, 2016 8:32 am
#69046
Yes, johnny, it's really difficult for someone to take his inheritance and put it into the S&P 500 and sit back and wait for 35 or 40 years.
"Donald Trump inherited a lot of money and the growth of his wealth has been in line with that of the S&P 500.
Donald Trump's self-described net worth was $200 million in 1982.
If he invested that money in the S&P 500, he'd be worth about $8.3 billion today.
Today he claims his net worth is $8.7 billion. So based on his own claims, he has barely outperformed the S&P since 1982.
Some articles claim that Donald Trump's inheritance was somewhere between 40 and 200 million in 1974.
Since 1974, the S&P 500 is up about 74-fold. So his current claimed net worth of 8.7 billion would equate to about 120 million in 1974, which is right in the middle of estimates of what he inherited.
His performance was very close to that of the market from 1982 to present, and possibly from 1974 to present."
Nice work if you can get it, eh johnny?