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What if Donald Trump was born poor. . (Original Post) B Calm Jan 2016 OP
He'd have had a much different life, and might very well have... stone space Jan 2016 #1
Yup ShrimpPoboy Jan 2016 #26
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
that is a good question melm00se Jan 2016 #15
Again, what percentage of people who were born poor end up rich? B Calm Jan 2016 #17
the information necessary to provide at least one melm00se Jan 2016 #22
Doesn't answer my question. B Calm Jan 2016 #25
It is not possible to make a million on your own. KentuckyWoman Jan 2016 #19
Earning/buying/investing $1 million in assets is very different than $300 million MillennialDem Jan 2016 #23
How ever it is by far the least common path to riches.... daleanime Jan 2016 #7
see post #15 melm00se Jan 2016 #16
Gee, who funded the study? daleanime Jan 2016 #18
why not google melm00se Jan 2016 #29
Why would I be interested in the statistics.... daleanime Jan 2016 #39
It's a bad argument, because most "millionaires" have $1,000,000 - $1,999,999 in assets. That's MillennialDem Jan 2016 #30
Can you name some, say 1000. Kingofalldems Jan 2016 #11
I'd say he probably madokie Jan 2016 #3
He'd probably still be an ass. hobbit709 Jan 2016 #4
And owe thousands in child support. TIME TO PANIC Jan 2016 #40
He would currently be an armed seditionist at the Malheur Refuge . . . fleur-de-lisa Jan 2016 #5
+1! 2naSalit Jan 2016 #36
He would be richer today if he had put all of daddy's money into a stock fund. yellowcanine Jan 2016 #8
No, his father gave him the money. onecaliberal Jan 2016 #9
An ass kicking would be a regular occurrence for him. lpbk2713 Jan 2016 #10
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 says he has a high IQ maveric Jan 2016 #45
D-Rump really Mendocino Jan 2016 #13
He describes this loan as "paying his dues" because he had to pay his dad back... annabanana Jan 2016 #47
Like Willard and Queen Anne, Mendocino Jan 2016 #56
He'd be an impoverished racist, jackass, fuckwad? 11 Bravo Jan 2016 #14
He would have had to learn things, to work, and to respect others. He'd have been different. Orsino Jan 2016 #20
His lack of conscious is the issue not his wealth. KentuckyWoman Jan 2016 #21
no he'd be a "loser" (his word) Takket Jan 2016 #24
HUGE LOSER! B Calm Jan 2016 #55
He'd be a used car salesman. TIME TO PANIC Jan 2016 #27
Yeah, I could see that. Or some low level real estate developer/landlord one step ahead of the law. bklyncowgirl Jan 2016 #31
He'd definitely be doing something shady. TIME TO PANIC Jan 2016 #35
I've known plenty of New York City landlords who fit his profile quite nicely. bklyncowgirl Jan 2016 #44
Relevant user name MillennialDem Jan 2016 #34
It's better to keep a cool head, TIME TO PANIC Jan 2016 #38
I was going to say that he would be working at the third best tire repair shop in town. Squinch Jan 2016 #51
He would have a hard time keeping a job at McDonalds. redstatebluegirl Jan 2016 #28
To paraphrase: A million bucks ain't what it used to be. bulloney Jan 2016 #32
Right, a better definition of what people imagine as a millionaire (like Thurston Howle or MillennialDem Jan 2016 #33
I think he'd probably 2naSalit Jan 2016 #37
He would've been beaten to death sometime in his 30's. DisgustipatedinCA Jan 2016 #41
He would be a truck driver that listens to Limbaugh everyday. Sam_Fields Jan 2016 #42
It takes skills to drive an 18 wheeler. I really doubt he's ever droven a stick shift B Calm Jan 2016 #50
I bet he would still be on tv ohnoyoudidnt Jan 2016 #43
Someone, somewhere MIGHT have told him "no"... annabanana Jan 2016 #46
He'd be some jerk low level government bureaucrat. tabasco Jan 2016 #48
Say what you want about Donald Trump Calista241 Jan 2016 #49
He would probably be less of a dick. louis-t Jan 2016 #52
He'd be a neighborhood grifter with a long rap sheet Warpy Jan 2016 #53
He would probably be the Car Wash Mogul of Passaic jmowreader Jan 2016 #54
Without his daddy's money, trump would be nothing Gothmog Jan 2016 #57
 

stone space

(6,498 posts)
1. He'd have had a much different life, and might very well have...
Thu Jan 14, 2016, 12:30 PM
Jan 2016

...grown up to be a decent, thoughtful, and caring human being.

 

yeoman6987

(14,449 posts)
2. He might be rich but it would have taken longer and probably would not be as rich
Thu Jan 14, 2016, 12:31 PM
Jan 2016

Many today are rich after being born dirt poor.

 

B Calm

(28,762 posts)
6. Some are rich, but what % end up that way? Donald made his fortune in real estate
Thu Jan 14, 2016, 12:35 PM
Jan 2016

without ever pounding a nail. The old saying it takes money to make money wouldn't apply to Trump if he had been born poor.

melm00se

(4,994 posts)
15. that is a good question
Thu Jan 14, 2016, 01:25 PM
Jan 2016
http://www.fa-mag.com/news/most-millionaires-self-made--study-says-14565.html

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.


melm00se

(4,994 posts)
22. the information necessary to provide at least one
Thu Jan 14, 2016, 01:51 PM
Jan 2016

answer to your question is in the second article with more information included in a link embedded in the article

to help you out ever more:

Step #1: look at the Forbes 1-10 scale and determine which rank(s) meet(s) your definition of "poor" (10 certainly does but what about 9? or 8?)
Step #2: determine the distribution of the scale across the Fortune 400.
Step #3: do some math

there you go: you have one possible answer.

KentuckyWoman

(6,692 posts)
19. It is not possible to make a million on your own.
Thu Jan 14, 2016, 01:38 PM
Jan 2016

If people like me and you were unwilling to live below our means so there was a little money floating in the financial system then there would not be anything to lend to "self made" millionaires.

Not to mention the fact we are all willing to work for them. We are willing to live and create an ordered society that is stable enough to grow a business in. We are willing help pay for the schools that educated that millionaire. We are willing to help pay for the roads and electrical grid and the security force that helps get them where they need to go to conduct business, gets customers to them, and moves their product around.

Any business owner who claims to be "self made" is an ungrateful wretch.

 

MillennialDem

(2,367 posts)
23. Earning/buying/investing $1 million in assets is very different than $300 million
Thu Jan 14, 2016, 01:51 PM
Jan 2016

Earning $1 million in assets is $250,000 home and $750,000 in retirement accounts/pensions. That's doable by a lot of middle class folks by the time they hit retirement. Not all, but a lot can do it.

That's very different than having even $2 million in assets though and unobtainable for most. And there are more people with $1,000,000 - $1,999,999 in assets than they are people with $2 million (OR MORE) in assets. And there are more people with $2,000,000 - $2,999,999 than there are people with $3 million (OR MORE) ETC

EDIT: So saying the majority of millionaires are self made is not really a useful statement. If most folks with $1,000,000 - $1,999,999 are self made, you might as well make the same declaration (most millionaires are self made) and it will be true.

daleanime

(17,796 posts)
7. How ever it is by far the least common path to riches....
Thu Jan 14, 2016, 12:39 PM
Jan 2016

with the most common being inherited wealth.

melm00se

(4,994 posts)
29. why not google
Thu Jan 14, 2016, 01:59 PM
Jan 2016

"self made millionaire statistics"?

How about "The Millionaire Next Door"?

Dr.'s Stanley and Danko's survey showed that ~80% are 1st generation affluent.

the numbers are not outliers they are pretty consistent regardless of the source.

 

MillennialDem

(2,367 posts)
30. It's a bad argument, because most "millionaires" have $1,000,000 - $1,999,999 in assets. That's
Thu Jan 14, 2016, 02:03 PM
Jan 2016

very attainable "self made".

Making $100,000,000 self made is another story.

Millionaire doesn't have the same meaning as did it on reruns of Gilligan's Island I watched in the 1980s as a kid. The equivalent of Thurston Howle today is someone who EARNS (whether by wages as a CEO or capital gains) $1,000,000 PER YEAR. Not someone who has $1,000,000 in assets.

And of course what counts as "self made"? What if a man has $100,000 in home equity and a $600,000 401 (k) (or pension,what have you) and his mother dies. Her house is worth $250,000 and she had another $100,000 in assets herself. The man sells/rolls over the assets to his own. Is he now a self made millionaire? He has over $1,000,000 in assets and inherited under half of it...

madokie

(51,076 posts)
3. I'd say he probably
Thu Jan 14, 2016, 12:33 PM
Jan 2016

would have already died from alcoholism. Personalities like his don't make it long in the real world.

fleur-de-lisa

(14,628 posts)
5. He would currently be an armed seditionist at the Malheur Refuge . . .
Thu Jan 14, 2016, 12:34 PM
Jan 2016

begging for cheesy poofs and snacky cakes, then whining about the bag of dicks and glitter he received.

yellowcanine

(35,701 posts)
8. He would be richer today if he had put all of daddy's money into a stock fund.
Thu Jan 14, 2016, 12:42 PM
Jan 2016

So by that standard he is pretty much a failure. He hasn't so much as "created wealth" as conned a whole lot of people including himself into making bad investment decisions into his sundry enterprises.

lpbk2713

(42,766 posts)
10. An ass kicking would be a regular occurrence for him.
Thu Jan 14, 2016, 12:48 PM
Jan 2016



If he were to grow up as the snotty little dipshit that we see
today there would be numerous attitude adjustment sessions.

patricia92243

(12,601 posts)
12. He has a high IQ, so he would probably do well in life. But without the help at the start from
Thu Jan 14, 2016, 01:11 PM
Jan 2016

Daddy, it is doubtful he would be as rich as he is today.

Mendocino

(7,505 posts)
13. D-Rump really
Thu Jan 14, 2016, 01:11 PM
Jan 2016

downplays the "small loan" of a million dollars that his father gave him. That loan from 1968 would be worth almost $7,000,000 today, hardly small, actually sort of "yooge". How many people in life could get an amount of that size from a parent with what I imagine were very easy terms? The only thing self made about him is repellent personality and massive bigotry.

Mendocino

(7,505 posts)
56. Like Willard and Queen Anne,
Fri Jan 15, 2016, 12:31 AM
Jan 2016

(paraphrase) " We had to sell off some of our trust funds to survive". Life is so tough!

Orsino

(37,428 posts)
20. He would have had to learn things, to work, and to respect others. He'd have been different.
Thu Jan 14, 2016, 01:42 PM
Jan 2016

You can't create a Donald Trump without massive infusions of money into a carefully climate-controlled and soundproofed laboratory flask. If exposed to normal atmospheric pressure, they wilt.

KentuckyWoman

(6,692 posts)
21. His lack of conscious is the issue not his wealth.
Thu Jan 14, 2016, 01:43 PM
Jan 2016

Granted most people who are good at self promotion use it for selfish reasons and have no conscious about doing so at other's expense. He's not alone in that.

But the man takes it to a whole other level. He is proud of the fact he destroys communities and families in his efforts to make a quick buck. He'll gladly screw his own bankers in a heartbeat and relish ever second of it.

The man is gross beyond words.

bklyncowgirl

(7,960 posts)
31. Yeah, I could see that. Or some low level real estate developer/landlord one step ahead of the law.
Thu Jan 14, 2016, 02:05 PM
Jan 2016

He's a good salesman and self-promoter. I could see him being a slightly shady business type--not trusted by the elites--but smart and ruthless. I doubt he'd be anywhere as big as he is now.

bklyncowgirl

(7,960 posts)
44. I've known plenty of New York City landlords who fit his profile quite nicely.
Thu Jan 14, 2016, 04:59 PM
Jan 2016

They'll screw you this way to Sunday but always manage to stay on the right side of the law.

Squinch

(51,004 posts)
51. I was going to say that he would be working at the third best tire repair shop in town.
Thu Jan 14, 2016, 06:33 PM
Jan 2016

No offense to guys who repair tires.

bulloney

(4,113 posts)
32. To paraphrase: A million bucks ain't what it used to be.
Thu Jan 14, 2016, 02:05 PM
Jan 2016

You can be worth over $1 million because you own farmland and machinery, as is the case with a lot of people around where I live. I've seen farms go for $4-8000/acre. At $8000/acre, that's only 125 acres, which is not much to own these days. Even 250 acres at $4000/acre is not a big farm. Add to the value of your buildings, machinery, equipment, livestock (if any) and it's not difficult to be worth over $1 million - on paper.

Even modest homes go for $300-400,000, plus the value of the lot it sets on.

Make no mistake - the real wealth is with the old blueblood families. They're worth billions.

 

MillennialDem

(2,367 posts)
33. Right, a better definition of what people imagine as a millionaire (like Thurston Howle or
Thu Jan 14, 2016, 02:12 PM
Jan 2016

Mr. Burns or Carter Pewterschmidt)

is someone who earns at least $1 millionaire a year (IOW, likely has over $10 million in assets)

In which case, even those are the bush leaguers of millionaires. Romney is a triple Aer who could get called up to the majors, and people like the Kochs are the pros.

Someone with $1 million doesn't even get on a college team.

2naSalit

(86,775 posts)
37. I think he'd probably
Thu Jan 14, 2016, 02:19 PM
Jan 2016

be dead or in prison by now. He's a psychopath/sociopath... he'd likely have ended up being a hit man for the mob and be caught, thus prison or dead.

 

DisgustipatedinCA

(12,530 posts)
41. He would've been beaten to death sometime in his 30's.
Thu Jan 14, 2016, 02:28 PM
Jan 2016

Assuming the same mouth and attitude he holds as a rich person, that's my guess.

 

B Calm

(28,762 posts)
50. It takes skills to drive an 18 wheeler. I really doubt he's ever droven a stick shift
Thu Jan 14, 2016, 06:27 PM
Jan 2016

his entire life, let alone a ten speed.

ohnoyoudidnt

(1,858 posts)
43. I bet he would still be on tv
Thu Jan 14, 2016, 04:47 PM
Jan 2016

but it would be on an episode of Cops and probably for domestic abuse and he would be wearing a tank top instead of a $5k suit.

annabanana

(52,791 posts)
46. Someone, somewhere MIGHT have told him "no"...
Thu Jan 14, 2016, 05:03 PM
Jan 2016

He MIGHT have worked for someone who could fire him...

 

tabasco

(22,974 posts)
48. He'd be some jerk low level government bureaucrat.
Thu Jan 14, 2016, 05:08 PM
Jan 2016

The kind that gives all government employees a bad name.

Calista241

(5,586 posts)
49. Say what you want about Donald Trump
Thu Jan 14, 2016, 05:08 PM
Jan 2016

But the man is VERY disciplined. Every minute of every day is planned, productive, and accounted for. He even schedules time in his calendar to screw his mistresses.

I have no doubt that he's still be a rich bastard if he was born poor.

louis-t

(23,297 posts)
52. He would probably be less of a dick.
Thu Jan 14, 2016, 06:35 PM
Jan 2016

Someone did some calculations a while back and discovered that he would have been much richer had he simply invested in the stock market and took the last 40 years off.

jmowreader

(50,562 posts)
54. He would probably be the Car Wash Mogul of Passaic
Thu Jan 14, 2016, 07:39 PM
Jan 2016

Donald Trump has one YOOGE advantage over the common schmo: his father taught him the family business and the Trump family business is very lucrative. Donald Trump is known for his self-discipline; he might have started out washing people's cars in his back yard, then bought a truck, then a corner lot to put a wash on. One wash would have led to more, and eventually he'd have a net worth of several million dollars.

The most time-honored way of getting rich is to do something before anyone else thinks of it. That's how Mark Cuban (pioneer in subscription-based webcasting), Marc Zuckerberg (who converted personal vanity webpages into an advertising medium), Elon Musk (created PayPal), Tai Lopez (the dating site king), the guy who turned his used car lot into Rent-a-Wreck after one of his customers told him it was cheaper to buy a used car than to rent a new one, and many others did it. So I figure Trump would have found a niche he could have gotten into cheap and worked it for all he was worth.

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