Fred Webha

The Real Wealth of Donald Trump

Its true. Some Americans are wealthy, some are well known by the public. Lots are both wealthy and famous. But what is truly something we haven't seen a lot of in our lifetime someone who has become famous for earning wealth and money. Such people come along perhaps once in a generation, and include names like John Rockefeller, Howard Hughes and Frederick Wehba. But no man has ever effectively marketed themselves as a celebrity tycoon the way that Donald Trump has done and shows no sign of stopping.

So how does he do it?

His father, inspired him to go into real estate. He rose to fame by focusing his effort to develop a little-known area called Manhatten. Then, instead of living quietly with his family, Trump gained skill at doing things that generate publicity. For instance, in 1983 he purchased the New Jersey Generals of the fledging United States Football League, a short-lived competitor to the NFL that was overextended from day one.

He has become the face of New York.

But when it comes to cash flow- sometimes it's been dicey.

There's an old saying, if you owe the bank $1,000, you have a problem. If you owe the bank $1 million, the bank has a problem. And whether right or wrong to do so, Trump’s creditors allowed him to continue doing business because the alternative was not good for them. SO which is more valuable- a billion dollars or the credit of a billion dollars?

So who knows how much more there is for The Donald - hotels, airlines, reality TV, now a run for the Presidency of the United States. Donald probably doesn't even know what's next.

For more information regarding john muir middle school lausd check out our own web-page.