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this post was submitted on 27 Sep 2024
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Explain Like I'm Five
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the man made all of his money through debt maxing and then defaulting, dude is a conman, nothing else to it.
That and the apprentice, those are the only way he has ever gotten money.
Didn't that "buy real estate for cheap above buildings so they'd have to buy it back to expand upwards" scheme also make some money? He needed some way to gain credit in the first place that wouldn't just disappear when he started defaulting on everything.
he also got 400 million from his dad, and then also managed a block of racially segregated apartments with his dad as well, so.
Rich daddy.
Rich immigrant daddy.