Trump’s fortune plunged at the outset of the pandemic, but unlike the overall stock market, his real estate empire hasn’t come roaring back.
to make the comparison without knowing those answers, leading to bad guesses that fueled years of inaccurate speculation. On October 2, 2018, theé on the tax returns of Fred Trump, Donald’s dad. “Here is what can be said with certainty,” the article stated. “Had [Donald] Trump done nothing but invest the money his father gave him in an index fund that tracks the Standard & Poor’s 500, he would be worth $1.96 billion today.”that Trump was worth $3.1 billion.
Trump continued to stay comfortably ahead of the S&P 500 until last year, when Covid turned the world upside down. The stock market tanked, and Trump personally lost anin a matter of weeks. After the initial shock, the overall market began to recover, but Trump’s fortune languished. With his hotels, storefronts and office buildings hollowed out, the S&P 500 started to catch up to Trump. Eventually, in early 2021, the market overtook the mogul for good.
The future doesn’t look much brighter for Trump, whose representatives did not respond to a request for comment. Right now, the former presidenthow to pay back hundreds of millions of dollars in debt coming due over the next three years. But he seems to be spending much of his time on politics.
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