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In reply to the discussion: What if Donald Trump was born poor. . [View all]melm00se
(5,161 posts)15. that is a good question
http://www.fa-mag.com/news/most-millionaires-self-made--study-says-14565.html
http://www.forbes.com/sites/afontevecchia/2014/10/03/there-are-more-self-made-billionaires-in-the-forbes-400-than-ever-before/#2715e4857a0b6b3a07c5e0a5
Most Americans with $1 million or more in assets made their money on their own, according to a study by BMO Private Bank released today.
http://www.forbes.com/sites/afontevecchia/2014/10/03/there-are-more-self-made-billionaires-in-the-forbes-400-than-ever-before/#2715e4857a0b6b3a07c5e0a5
Over the past 30 years, the origin of the wealth of the richest people in the United States has shifted away from old, inherited money. Our new metric, the self-made scores developed for the Forbes 400, shows that increasingly we find self-made billionaires among the ranks of the richest people in the country.
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He might be rich but it would have taken longer and probably would not be as rich
yeoman6987
Jan 2016
#2
Some are rich, but what % end up that way? Donald made his fortune in real estate
B Calm
Jan 2016
#6
Earning/buying/investing $1 million in assets is very different than $300 million
MillennialDem
Jan 2016
#23
It's a bad argument, because most "millionaires" have $1,000,000 - $1,999,999 in assets. That's
MillennialDem
Jan 2016
#30
He would be richer today if he had put all of daddy's money into a stock fund.
yellowcanine
Jan 2016
#8
He has a high IQ, so he would probably do well in life. But without the help at the start from
patricia92243
Jan 2016
#12
He describes this loan as "paying his dues" because he had to pay his dad back...
annabanana
Jan 2016
#47
He would have had to learn things, to work, and to respect others. He'd have been different.
Orsino
Jan 2016
#20
Yeah, I could see that. Or some low level real estate developer/landlord one step ahead of the law.
bklyncowgirl
Jan 2016
#31
I've known plenty of New York City landlords who fit his profile quite nicely.
bklyncowgirl
Jan 2016
#44
I was going to say that he would be working at the third best tire repair shop in town.
Squinch
Jan 2016
#51
Right, a better definition of what people imagine as a millionaire (like Thurston Howle or
MillennialDem
Jan 2016
#33