The fact that someone inherits money should not be held against them.  What really counts is what the beneficiaries do with that money.

In 1977 Donald Trump borrowed $1 million from his father in order to buy real estate in Manhattan, while his father stayed invested in Queens and Brooklyn.  Donald repaid that loan with interest.  In addition to the loan, he was helped initially in his real estate dealings by the reputation and credit worthiness of his father.  However, he leveraged that benefit to become wealthy in his own right.  What parent (if he had the means) would not help his children become successful?

Tomorrow’s blog will deal specifically with Donald Trump’s inheritance.

A more relevant question that the media refuses to pursue:  How did Bill and Hillary Clinton, who claimed they were “dead broke” when they left the White House, become worth $110 million in only sixteen years?  They did not create a product, or come up with an original idea. On the other hand, Donald Trump has built hotels and other developments that created tens of thousands of jobs.  jdh

Tomorrow’s Blog: “Trump could have earned as money by investing his inheritance in the S&P 500 Index Fund”