Quote:
Originally Posted by Yanks_Todd
I stand mostly corrected. He did not squander the money with bad decision or at least he was able to overcome them. However anyone can turn $40 billion dollars into $1 billion with mutual funds. That part is still correct.
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And the other $4-9B (depending on who is talking) came from where?
Nobody seems to know about the $40M either. The Don claims it was $1M, Rubio seemed to be pulling numbers out of the air with no substantiation. The Washington Post tried to figure it out, they did not get any further than Rubio.
Even if it was $40M, it would have been given out around the time his father died in 1999. 17 years at 10% (generous but the wealthy have access to better funds) is $250M. Now did he get money as gifts before that? Loans? I'm sure he did. Doesn't account for a $4-9B gap.
Call him an obnoxious, orange, blowhard all you want. Blowing off $40M (or whatever) to $5-9B as something that "anyone can do" is just silliness.
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