re: Hey Brother, football season is close

quote:

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If I gave you the same amount, you couldn't turn it into anything more than what a high yield savings account provided

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If you gave me 3 million dollars when I was 20 and I put it in an account earning 4% interest compounding yearly, at 75 I'd have 26 million dollars without doing anything at all with it.

If you add in the 580 million in loans Trump has had forgiven outside of bankruptcy and 1.8 billion in debts that he's had forgiven through bankruptcy proceeding, that would put the "do nothing" guy who did nothing with the 3 million he'd be gifted at over 2.3 billion dollars.

Not sure where Trump stands now if you subtract his debt. He owed half a billion to the state of New York in civil trial decisions at the moment for example. I'm sure there's other debts we're unaware of.

When you talk about turning money into money, you have to factor in what you borrowed too. If I got a 3 million dollar gift from my dad and then borrowed 100 million dollars... I didn't "turn it into 110 million dollars. It still nets out to 10 million when you subtract the debt.

Trump rarely had a net worth above the 2.5 billion in debt forgiveness he'd gotten through bankruptcy and other legal means. It's only been since Truth Social took off financially in the last year or two that he's gotten much past that point. He has 1.1 billion in real estate wealth as of May of 2024. 6.4 billion from Truth Social (according to Forbes)

Truth Social stock has dropped 30% since that point. So it's probably more like 4.5 billion in value now. But the reality is that he pretty much only got more wealth than the amount of debt he had erased in the last couple of years.

His "scorecard" for wealth created until then was mostly negative.