Why Donald Trump would still be a billionaire even if he never worked a day of his life
AP Photo/Wilbur Funches)
As reporter S.V. Dáte notes, Trump took over his father Fred's $200 million real estate development business in 1974. Date estimates that Trump's share of the empire (he has three siblings) was $40 million.
"Had the celebrity businessman and Republican presidential candidate invested his eventual share of his father's real-estate company into a mutual fund of S&P 500 stocks in 1974, it would be worth nearly $3 billion today," writes Date.
Though Trump says his net worth is $8.7 billion, Forbes puts it at $4 billion.
In 1988, however, Forbes estimated Trump's net worth to be $200 million, an amount which Date says could've grown to more than $8 billion by now had Trump dropped his fortune into an index fund.
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