Fact Check: Meme Claims Trump Would be worth more if he Invested Inheritance into Mutual Fund?
We were asked to check on a Meme that states Trump would be worth more than 8 billion if he had invested his father’s inheritance into a mutual fund. Trump is currently worth 2.9 billion. Would Trump be worth more than 8 billion? The answer is yes. In fact, 8 billion is a low estimate. Based on growth since 1988 when he took his inheritance, his worth would be closer to 15 billion. This is according to the Associated Press and Forbes Magazine. We Rate this NOT BULLSHIT!
See the link here: http://fortune.com/2015/08/20/donald-trump-index-funds/
See the Meme Below:
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The bullshit part is you don’t know how much Trump invested in his hundreds of companies/deals and you don’t know how much those investments are worth. It is all speculation and politically motivated. What a bullshit liberal site.
…so is sb saying that we don’t know how much he invested, so must’ve made some horrible investments since he made considerably less than he would have if he would have just lazily left in index funds? Maybe that is how horrible Mr. Trump is at “business.”
We are left with figuring out how much he is worth through company filings and pouring over financial data that shows how much he has invested and how much the investments are worth. It’s not magic. Granted, Trump’s disposition from his dismissed $5b suit against a journalist who he felt had undervalued his worth:
“Q: When you publicly state what you’re worth, what do you base that number on?
Trump: I would say it’s my general attitude at the time that the question may be asked. And as I say, it varies.”
“He holds few stocks for someone of his wealth and has grown increasingly dependent on making money by lending out his name to others rather than developing real estate himself” -AP news.
granted, we’d know if the man would release his tax records like presidents have over the last many decades. For a guy who is the “best at business” -one would think that showing the numbers would prove how “best” he is at it.