Donald Trumps Genius Golf Club Trade – Mark Cuban #wealth
You know, in a golf club, like I said, I’m not a golfer. You put down a deposit to join the club. That deposit is supposed to be there so that when somebody leaves the club, you get your money back. So, what he did, he said, “I’m just going to use that money for whatever I want. I want to buy this golf course. It has 100 million in deposits. If I could just get control of the golf course for whatever amount, then I take the deposits and I make use of it. Now, that’s my money to use for whatever I want. And if Andrew leaves the golf course, I’ll just give him the 250 grand from his deposit. The members of the club he did it to first said, “I want that deposit there. I don’t want to trust you to find the money.” So they found out if you bought a golf course for $50 million, but it had a hundred million that are just sitting there. You got paid 50 million to buy the golf course. That’s a smart [ __ ] move.
When Donald Trump bought a golf course and took out the deposits of $100Million by putting down $50Million 🧠
What are your thoughts on this?
Speaker: Mark Cuban
