Donald Trumps father mentored him and loaned him money as he started out, when Donald's dad and mom died Donald got somewhere between $62.5m and $75m before inheritance taxes. Donald's dad and mom had an estate valued at between $250m and $300m which was divided between him, his brother and two sisters evenly!
His father gave him a couple of hundred thousand dollars to get started. But even if he had been given billions he did a great job. Look at Paris Hilton. She was given billions and what had she done with it? I don’t see any Hilton Towers being built.
Meh, Donald Trump likely did better then everyone at this forum combined and then some. I have read all his books. There is no comparison. Trump started as a big leaguer and was nurtured properly every step along the way.
This thread is almost laughable! Bottom line is, Trump is a major success…the proof is in…perhaps when you become a billionaire and own resorts, high-rises, jet airplanes and choppers, and are responsible for thousands of employees salaries and their families welfare, then you can place a new thread and assess yourself!
To add to that, Trump is a major successful author…in fact, many of his real estate books were the inspiration for me and many others who subscribe to this website…and as for me, I’ve had over 400 successful transactions, many of which were inspired by Trump’s writings.
Most people who borrow $1 million from a family member or bank to get started go broke…Trump, on the other hand, endured the ups and downs of the market and multiplied that million by over 1000 times.
Perhaps spend less time stirring this weblink’s resources to gain your own attention and start implementing the strategies that are graciously given by other successful and experienced investors.
Hope this helps.
Red, I am a firm believer that your environment makes a huge huge difference. Trump started in New York City. Beyond that he was born in an outer borough of New York. It makes a huge difference growing up next door to Manhattan, compared to other places.
Orlando is tiny compared to a top tier city like New York or London. Orlando is not even a global city. Even Miami is small compared to New York. Even Chicago is a fly-over compared to NYC.
Thus, Trumps book Think Big and Kick Ass is what it is all about. If he grew up in some isolated swamp town and without the energy and opportunity of NYC, his first job would have been bailing hay or flipping burgers, and he likely would never had achieved such awesome success
Yeah renovating high rise buildings in New York is balls to the walls badass power. I can not emphasize enough, he had help, Im not saying he did not deserve it, but working in real estate above midrise level in NYC is unlike any other place in the world. Its like a rabid great white shark tank on steroids.
Donald had his dad and was protected under his wings and that is a big component of the magic. Even look at his younger photos its clear he was being groomed from an early age to look like a special up and coming multi millionaire. And he attended an ivy league finance school. That’s beautiful.