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How does Donald Trump make all his money? Serious answers only pls?
I'm really curious. What's his strategy? How can one man make all that money? How can I adopt some of his strategies into my own existance to create a better financial future for myself and my family?
8 Answers
- sherasiLv 52 decades agoFavorite Answer
http://en.wikipedia.org/wiki/Donald_Trump
Trump began his career at his father's company, the Trump Organization, and initially concentrated on his father's preferred field of middle class rental housing. In the 1970s he benefited from the financially strained New York city government's willingness to give tax concessions in exchange for investment at a time of financial crisis.
Trump discusses how he accomplished his wealth in several books. Here is one of them:
- BrianLv 52 decades ago
He is ruthless. He's always looking for an angle. He knows exactly what will and what won't make him money.
Take a look at what he owns. 1) Real estate; probably the best investment you can make because property value rarely go down over the long term. 2) Casinos; I know of nobody in the casino industry who is poor.
- Pedro STLv 42 decades ago
Donald Trump is a speculator. He buys, builds and sells stuff. What makes him so successful is his killer instinct. He knows exactly when to buy and when to sell in order to make a profit. The problem is that to achieve what he does you have to be merciless: you are bound to step on a lot of toes and make a lot of enemies.
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- Holiday MagicLv 72 decades ago
Wise investments, and well thought-out planning.
Unless you're extremely financially knowledgable, you'd need to hire a well-researched, trustworthy advisor.
- 2 decades ago
I think you also need to count the number of times Trump has had businesses he drove into bankruptcy.
- kunjaldpLv 42 decades ago
Well he invest in real estate. You earn income put of it,
for example you buy Hotel where you make profit on other hand value of the hotel as real estate goes up.
- Anonymous5 years ago
Thanks to each and every one of you for the answers.