Let’s say we have an heir and an heiress. One of them inherited approximately $5 million and parlayed it into a net worth that’s conservatively estimated to be around $100 million. The other inherited around $200 million and is today worth around $4.5 billion.

Obviously, $4.5 billion is a much larger number than $100 million, so we can easily conclude that the billionaire Donald J. Trump is much savvier when it comes to business than mere millionaire Paris Hilton. Not so fast. While Trump does have billions of dollars, he’d have been better off if he’d invested into index funds than if he’d followed his own impulses.

Read the article “Is Paris Hilton Better at Business Than Donald Trump?” on thefederalist.com.