“trump has had more than four deals go south.” the allegation was about bankruptcies - are they bankruptcies?
One million to 10 billion is more than modest. It’s like 1000 to 10 million. Everyone has had 1000 but how many turn it into 10 Million??
Daddy was worth more than a million. More like 300 million to over a billion. I don’t know what Donny and his sibs got, and when. I’ve heard he received an initial $35 million, and blew it in his first bankruptcy, and borrowed big from his sibs and their shares of the fortune, and made good on investments thereafter.
It is my understanding that in the first bankruptcy, his own personal assets were at risk,and he lost big. But after that,he avoided putting his own assets at risk while bilking folks of billions. Great business move. Might not come off so well in the general election when the media stops coddling him.
But just having access to his father’s business savvy was worth more than any inheritance. His father was a truly great businessman, and one of the most admirable things about trump is how he learned from a great man and revered him.
I’m not criticizing him for failing. I’m just pointing out he’s had big boosts along the way (and good for him! The buildup of intergenerational wealth is part of the American Dream !) and though he seems a modestly competent businessman to be respected and admired for his business success, he’s not quite the business genius he makes himself out to be.
And over the decades, a lot of his political ideas have been wacky.