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by clairity 2766 days ago
here you go: https://www.nytimes.com/interactive/2018/10/02/us/politics/d...

and sorry, i misremembered the numbers. he got over $400 million (at least) from dad, and that would be worth about $2 billion if simply invested in an index fund (according to the article).

1 comments

The $400M number is inflation adjusted already, the actual numbers are lower.

https://www.bloomberg.com/opinion/articles/2015-09-03/should... is a good critique of these kinds of calculations in general - they usually assume perfect market timing

yes, but that doesn't matter. at the end, they estimate the current value from indexing to be about $2B.

the trump wealth transfer started over 60 years ago. over the long run, market timing doesn't matter that much.

(EDIT: and that opinion piece was not coherent; the author mixed up trump's businesses with his net worth, and convoluted other finance concepts to render his desired "opinion". it was awful.)

That's just not the case - if you assume he bought in during a low point you'll get a much higher figure.

Besides, there's no claim that he was given anywhere close to $400M over 60 years ago, nor can anyone be realistically expected to invest their inheritance starting at the age of 12.

Trump inherited most of it in 2000 when his mother died. He had money before that from gifts though.