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re: Trump most successful American in last 200 years?
Posted on 10/6/19 at 8:12 am to Erin Go Bragh
Posted on 10/6/19 at 8:12 am to Erin Go Bragh
quote:
They said the same thing about Ronald Reagan and George W. Bush.
OK, so their batting .333.
I ran the numbers and factored in some other historical data, and this does check out.
Posted on 10/6/19 at 8:22 am to 56lsu
quote:None personally.
and how many times did he file for bankruptcy.
4 out of ~500 business ventures filed to restructure its debt because the businesses started at a bad economic time and didn’t produce enough profit at the onset of their tenure.
He wasn’t even the managing partner of 3 of them, owning less than a majority share. One of them he only owned around 10% and he didn’t manage at all, the company that did simply purchased the rights to his name for branding purposes and name recognition.
3 out of 4 of these companies made it through their hard times and are thriving today. One of them was sold and is under a different hotel chain.
But you go on looking like an idiot acting like a 99% success rate with nearly 500 business ventures that have earned billions is somehow drastically tainted by the 1% that had to restructure its debt at their inception, but ultimately also ended up successful too.
You frickin ignorant moron.
Posted on 10/6/19 at 8:24 am to Lsujacket66
If he wins second term, imprisons bad actors in the Deep State, replaces RBG and Breyer and finishes the wall and kills Obamacare, then we can talk!
Posted on 10/6/19 at 8:26 am to Lsujacket66
quote:
Trump was elected president, and did a good job
Well, one for two ain’t so bad, I guess.
Posted on 10/6/19 at 8:59 am to BeefDawg
quote:
But you go on looking like an idiot acting like a 99% success rate with nearly 500 business ventures that have earned billions is somehow drastically tainted by the 1% that had to restructure its debt at their inception, but ultimately also ended up successful too.
You frickin ignorant moron.
I don't think Trump is unsuccessful, but he's also not self-made. He was born with a silver spoon. He attended the best schools and he was made President of his father's company when most 20-somethings are just starting out. He also no doubt had connections in the real estate world that most people don't. He's not dumb, just extremely privileged.
Posted on 10/6/19 at 10:31 am to cahoots
quote:Between 1980-1999, Trump received a handful of loans (really gifts) from his father that totaled around $40 million combined. Then in 1999, when his father died, he got $20 million, plus the family sold off about $500 million in assets, and after taxes, Trump netted about $90 million after it was divided up.
I don't think Trump is unsuccessful, but he's also not self-made. He was born with a silver spoon. He attended the best schools and he was made President of his father's company when most 20-somethings are just starting out. He also no doubt had connections in the real estate world that most people don't. He's not dumb, just extremely privileged.
So that’s ~$150 million, and he’s worth somewhere between $3.3B and $10B depending on who’s doing the valuations. If you’re an anti-Trump rag like Forbes, then he’s worth $3.3B. If you’re a financial institution granting him a loan, then he’s got around $10B in collateral.
I’d wager the banks who are invested in him and want exact valuation of collateral are going to be more correct than some Leftwing publication that likes to make Trump look bad whenever possible.
Needless to say, turning $150 million into about $10 billion over the last 20 years makes him considered overwhelmingly successful. That’s an insane rate of return/growth rate. Nearly +300% year over year.
Sorry but “privilege” didn’t do any of that.
I mean try turning $150,000 into $10 million in 20 years. I’ll bet you can’t.
Posted on 10/6/19 at 11:57 am to BeefDawg
Trump didn’t turn $150 million into $10 billion in 20 years. That would assume he was worth nothing in his 50s. Nice try, bro. I mean, you know better but you are dishonest.
I’m gonna go out on a limb and say that Trump got some funds from his dad prior to that point. You know, like a massive paycheck in his 20s that most people could never dream of. The kind of paycheck that only privileged kids get.
I’m gonna go out on a limb and say that Trump got some funds from his dad prior to that point. You know, like a massive paycheck in his 20s that most people could never dream of. The kind of paycheck that only privileged kids get.
This post was edited on 10/6/19 at 12:00 pm
Posted on 10/7/19 at 8:49 am to cahoots
quote:You're an ignorant buffoon.
Trump didn’t turn $150 million into $10 billion in 20 years. That would assume he was worth nothing in his 50s. Nice try, bro. I mean, you know better but you are dishonest.
I’m gonna go out on a limb and say that Trump got some funds from his dad prior to that point. You know, like a massive paycheck in his 20s that most people could never dream of. The kind of paycheck that only privileged kids get.
You're going to go out on a limb? Meaning you have done no research and are just guessing. But you have the gall to call me dishonest?
As I stated, the $150 million is the approximate total he received from his family and father (who died in 1999). The rest is self-made.
Forbes had removed him from their list of wealthiest Americans between 1990-1995. And, in 2005, the NYT claimed that Trump was so deep in debt that his real net worth was somewhere between $150-$250 million.
quote:
Trump was listed on the initial Forbes List of wealthy individuals in 1982 as having a share of his family's estimated $200 million net worth. Former Forbes reporter Jonathan Greenberg stated in 2018 that during the 1980s Trump had deceived him about his actual net worth and his share of the family assets in order to appear on the list. According to Greenberg, "it took decades to unwind the elaborate farce Trump had enacted to project an image as one of the richest people in America. Nearly every assertion supporting that claim was untrue. Trump wasn't just poorer than he said he was. Over time, I have learned that he should not have been on the first three Forbes 400 lists at all. In our first-ever list, in 1982, we included him at $100 million, but Trump was actually worth roughly $5 million—a paltry sum by the standards of his super-monied peers—as a spate of government reports and books showed only much later."
After several years on the Forbes List, Trump's financial losses in the 1980s caused him to be dropped from 1990 to 1995, and reportedly obliged him to borrow from his siblings' trusts in 1993; in 2005, The New York Times referred to Trump's "verbal billions" in a skeptical article about Trump's self-reported wealth. At the time, three individuals with direct knowledge of Trump's finances told reporter Timothy L. O'Brien that Trump's actual net worth was between $150 and $250 million, though Trump then publicly claimed a net worth of $5 to $6 billion. Claiming libel, Trump sued the reporter (and his book publisher) for $5 billion, lost the case, and then lost again on appeal; Trump refused to turn over his unredacted tax returns despite his assertion they supported his case.
In April 2011, amid speculation whether Trump would run as a candidate in the United States presidential election of 2012, Politico quoted unnamed sources close to him stating that, if Trump should decide to run for president, he would file "financial disclosure statements that [would] show his net worth [was] in excess of $7 billion with more than $250 million of cash, and very little debt". Although Trump did not run as a candidate in the 2012 elections, his "professionally prepared" 2012 financial disclosure was published in his book, which claimed a $7 billion net worth.
On June 16, 2015, just prior to announcing his candidacy for president of the United States, Trump released a one-page financial statement "from a big accounting firm—one of the most respected"—stating a net worth of $8,737,540,000.
In a nutshell, he's turned low hundreds of millions into multiple billions either way you slice it.
And you making obnoxiously biased bad assumptions and "going out on a limb" to try and score hate-points to make yourself feel better only makes you a pathetic little bitch.
Posted on 10/7/19 at 8:52 am to Nguyener
quote:
AOC went from unqualified dipshit bimbo bartender to the second most powerful voice in the House of Representatives in less than 3 years.
While impressive on paper, DC voted in a fricking crackhead so nothing is too low for the Dems
Posted on 10/8/19 at 12:10 pm to BeefDawg
quote:
You're going to go out on a limb? Meaning you have done no research and are just guessing. But you have the gall to call me dishonest?
Dude, he started working for his dad's company in college and he was made President of the company at age 25.
How can you possibly convince yourself that he is self-made?
Posted on 10/8/19 at 1:21 pm to Lsujacket66
quote:
A billionaire international businessman who helped turn around New York
quote:Frederick Douglass - who Trump knows about - has a better argument.
A billionaire international businessman who helped turn around New York, a relevant celebrity for 4+ decades, host of a #1 TV show, and president.
Now that he was elected, and done a great job... I think he has a hell of an argument, and certainly if re-elected and continues to do good things.
Posted on 10/8/19 at 1:26 pm to Lsujacket66
I’d put Eisenhower as No1. Not only was he a US general and POTUS, but he was also Supreme Commander of Allied Forces in the greatest war in history.
How do you compare that resume to a reality show?
How do you compare that resume to a reality show?
Posted on 10/8/19 at 1:45 pm to Lsujacket66
quote:Sure, and in 2000 the most successful American company in 200 years was Enron.
Trump most successful American in last 200 years?
Who could have guessed how that would turn out.
Posted on 10/8/19 at 1:47 pm to Lsujacket66
Had every one of his companies go bankrupt... yeah GREAT business man
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