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re: $1.3 million in 2007, $7 million in 2016....net worth of the former POTUS, now

Posted on 3/15/17 at 10:27 am to
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124713 posts
Posted on 3/15/17 at 10:27 am to
quote:

That actually doesn't seem like a huge leap


DJIA was up ~28% in that timeframe; 14K in '07 vs 18K in "16

$1.3M vs $7M is a ~360% gain.

To be clear, that is well over 10X concomitant market performance.
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
63575 posts
Posted on 3/15/17 at 10:53 am to
Well they had income during that time as well.

I'm not going to pretend to be mad at someone amassing wealth in America. If the implication is he someone cheated to get it, I have to imagine being president would allow for more than $650k/year in growth.
Posted by Sidicous
Middle of Nowhere
Member since Aug 2015
17564 posts
Posted on 3/15/17 at 12:11 pm to
quote:



DJIA was up ~28% in that timeframe; 14K in '07 vs 18K in "16

$1.3M vs $7M is a ~360% gain.

To be clear, that is well over 10X concomitant market performance.


Uh oh! Obama propped up the stock market as POTUS for personal gain! His bailout of "too big to fail" was merely self enrichment! Criminal! Impeachment! Literally Hitler!

Am I doing this right?
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