

That’s the rub: that whole time everyone thought he was a business titan? He wasn’t really rich at all. Not only are real estate ventures heavily leverages to begin with, but he also ran his businesses into the ground by gridting money out of them. When the E. Jean Carroll verdict came in, there was a very real chance he would not have been able to meet it without significant pain.
However, since then, he found his Crypto religion, and then once he won the Presidency the second time, he has been inviting right foreign interests to bribe him through Crypto. So he is actually rich now, based solely on selling influence via meme tokens.
He literally faked it until he made it. And needed two tries to get it right. No wonder he also needs to grift his name into existing things.






This is yet another thing I blame on American Business sacrificing itself on the altar of Shareholder Value. It’s no longer acceptable for a public business to simply make a profit. It has to grow that profit, every quarter, without fail.
So, simply having a good consumer product division that makes money won’t be enough. At some point some executive will decide that he can’t possibly get his bonus if that’s all they do, and decide they need to blow it all up to chase larger profits elsewhere.
Maybe we need a small, private company to come along and start making good consumer hardware. They still need components, though, so will have to navigate getting that from public companies who won’t return their calls. And even once they are successful, the first thing they will do is cash out and go public, and the cycle starts again.