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"Trump’s Net Worth Jumps $200 Million After He Says He Won’t Sell DJT Stock"
by Antonio Pequeño IV
Sep 13, 2024 05:37pm EDT
@johnlogic@sfba.socialKey take-away: "the former president’s net worth increased $217 million to $3.9 billion"
This only secured Trump's place as a *marginal* businessman.
Assuming he had inherited $400MM when he was 18 (60 years ago), simply adjusting for "the time value of money" (keeping up with inflation), it would be worth 10.5 times as much today, or $4.2-billion.
What was true about Trump in 2021 seems to hold true today:
"It’s Official: Trump Would Be Richer If He Had Just Invested His Inheritance Into The S&P 500"
by Dan Alexander
Oct 11, 2021 06:30am EDT
It turns out that Donald Trump is little more than a tax cheater.
(One of my degrees is in accounting, with a taxation emphasis, so I know the difference between "tax avoidance", which is legal, and "tax evasion", which is not.)
"Trump Engaged in Suspect Tax Schemes as He Reaped Riches From His Father
The president has long sold himself as a self-made billionaire, but a Times investigation found that he received at least $413 million in today’s dollars from his father’s real estate empire, much of it through tax dodges in the 1990s."
By DAVID BARSTOW, SUSANNE CRAIG and RUSS BUETTNER
Oct. 2, 2018
https://www.nytimes.com/interactive/2018/10/02/us/politics/donald-trump-tax-schemes-fred-trump.html
