This shows some decent investor skills.
I’d like to see his tax returns.
It doesn’t seem to fit his income levels.
Where do these investments realize income levels of several hundred thousand dollars a year?
Perhaps reports of his casino gambling levels are wildly exaggerated.
Apartment projects can make some big bucks. Just ask our local millionaires.
This apartment purchase in 1987 (the initial deal)...$725,000 involved. In 2017 values....that’s roughly $1.5 million. Where exactly does Mom get the $725,000?
Seems puzzle pieces are missing. How much money can you realistically make at casino video poker? They apparently knew him well. It was reported his suite was comped.
Yet his brother said that deal made him and Stephen rich, and able to retire. And supposedly Paddock had a 1.5 million dollar gambling pool, along with airplanes, a 390 thousand dollar house, etc.
It is hard to see how the net gains from the real estate provided enough capital to support the rest of his activities. And maybe it didn't - which would perhaps lead to some motive, or indicate Paddock had other activities he was involved with that did generate income.
Over time the gambling, even if done very well, was basically a net zero income activity. The video poker games apparently pay at close to 98%, and casino comps can make up the 2% spread. But actually making money is very unlikely.
Money laundering via casino play, smuggling by airplane, gun reselling or some other activity may have generated actual income.