Trump would be $400M RICHER if he invested money his father left him in the S&P 500, report claims
3 years, 5 months ago

Trump would be $400M RICHER if he invested money his father left him in the S&P 500, report claims

Daily Mail  

Trump lost an estimated $600 billion in wealth over the course of the pandemic Donald Trump would be worth $400 million more than he is today if he took his inheritance and invested it in a fund tracking the S&P 500 instead of his trademark real estate holdings, according to a report released Monday. Both Trump's net worth and the S&P 500 took hits in March 2020 when the COVID-19 pandemic upended the economy, but unlike the ex-president's wealth the stock index has successfully rebounded thanks to big tech Trump's wealth fell sharply in March 2020, when the pandemic took hold of the global economy. Trump received an estimated $413 million from his father Fred, a 2018 investigation into his tax returns revealed Trump's net worth lagged in contrast, and by early 2021 was overtaken by the stock index's value. Trump's $400 million deficit from if he had just invested in S&P 500 companies from the start could have been enough to keep him in Forbes' coveted 400 richest Americans list.

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