The Real Reason Donald Trump Is Rich

Donald Trump loves talking about what a great business man he is, and conservatives generally love to stress that they have single-handedly earned everything they have. Some new research on Donald Trump suggests otherwise. Cenk Uygur and John Iadarola (Think Tank), hosts of the The Young Turks, break it down. Tell us what you think in the comment section below.

"In an outstanding piece for National Journal, reporter S.V. Dáte notes that in 1974, the real estate empire of Trump's father, Fred, was worth about $200 million. Trump is one of five siblings, making his stake at that time worth about $40 million. If someone were to invest $40 million in a S&P 500 index in August 1974, reinvest all dividends, not cash out and have to pay capital gains, and pay nothing in investment fees, he'd wind up with about $3.4 billion come August 2015, according to Don't Quit Your Day Job's handy S&P calculator. If one factors in dividend taxes and a fee of 0.15 percent — which is triple Vanguard's actual fee for an exchange-traded S&P 500 fund — the total only falls to $2.3 billion.

It's hard to nail down Trump's precise net worth, but Bloomberg currently puts it at $2.9 billion, while Forbes puts it at $4 billion. So he's worth about as much as he would've been if he had taken $40 million from his dad and thrown it into an index fund.”*

**********

The Young Turks September 3, 2015 Hour 1

Donald Trump Is Rich Because His Dad Was Rich

Anti-Gay Marriage Clerk Kim Davis Goes To Jail

Don Lemon To Black Lives Matter: Why Are You Yelling?

Brian Kilmeade Wishes Jeb Bush Wouldn’t Speak Spanish

**********

The Largest Online News Show in the World. Hosted by Cenk Uygur and Ana Kasparian. LIVE STREAMING weekdays 6-8pm ET.

Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. Young person who rebels against authority or societal expectations. (American Heritage Dictionary)

**********

Get The Young Turks​ Mobile App Today!

[DarthCipient]

It's the same old story.

Rich prick inherits his family's wealth

Thinks he's self-made.

[JustBlaque]

Trump is rich because at night, his hair sells drugs

[Timewarpiaman]

Oh dear god there's another four of them?

[alskki]

"I'm average" Having a net worth of $4billion is average?

[XplicitNation]

When it comes to media, TYT is below average, they are at the very bottom. They have a YouTube show for god sakes. You have tons of views, because you have tons of videos. If you look at the median views per video, it's quite pathetic. Not only that, but your subscribers are pathetic as well. Other places like AJ+, Vice, the list goes on and on, grow at 70 times the rate you do....and they started much earlier. So when you talk about average, look at yourselves.

[BrianAuer]

So he hasn't made millions from the apprentice? His book? his men's clothing line? His buildings? His towers?  His banks? That's all average?....

[PapaMagnum]

I love the butthurt downvotes that come with every video criticizing Donald Trump.

[GertrudePerkins]

...He also declared corporate bankruptcy four times and uses overseas companies to manufacture his shitty line of clothes.

[BrokenGotWingz]

Stop talking about Donald Trump. You're giving him more publicity. If you were talking about Bernie then maybe he would be catching up even more quickly.

[jasononajobi]

haters. he's the only sibling to become a billionaire. quit the hating and go build a billion dollar business

[HerveBoisde]

The rich get richer and the poor get poorer.

Bernie Sanders 2016

[theboywhocriedwolfe]

So... How much money did his siblings make with their share? Oh wait, nowhere near what he made!

[mdamerica]

Give us more of these two talking about business and money. Cenk and John present and analyze this subject well together. Keep up the good work TYT!

[OakhillSailor]

My dad left me $40. And I have $400 now.

[DoubIeRose]

the hindsight bias is strong with this one, but keep getting trump's name out there lol

[Cablespelaonica]

Many people inherit millions of dollars, not many turn it into 10 billion. Give credit where credit is due.

[jeaok]

Donald's father Fred died in 1999. So why would he have given Donald 40 million in 1974?

[ryansaif]

Your complete dedication and devotion to Trump is greatly appreciated!

[southbaystang]

So let me get this straight he's worth just about the same as El Chapo. Forbes said El Chapo was worth 4 billion in 2013. That's his personal net worth not his cartels. Trumps got some catching up to do then.

[lanacastillo]

CREDIBILITY DOWN THE DRAIN FOR THIS CHANNEL!!!