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Warren Buffett On Donald Trump’s Biggest Business Mistake

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Rupert Hargreaves
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Donald Trump's track record as a businessman and property developer is pretty mixed. While he claims to be worth $3 billion today, in the past, his estimated net worth has been as high as $7 billion.

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Trump might be worth more today if he hadn't slipped up in 1990. In 1988, after he acquired the Plaza Hotel in Manhattan for $390 million, the New York Times claimed that the property developer was worth more than $3 billion. However, by the middle of 1990, Forbes estimated he was worth about $500 million.

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha