george walker bush's share of the texas rangers baseball franchise was less than one percent of the purchase price (before anyone could know his political future), but he got about 6 percent of the sale 9 years later (when governor and about to run for president). the average investor made almost 200 percent profit. george walker bush made more than 2000 percent, over 12 times the average, or a bit more than $13 million above his fraction of the investment.
that means other investors voluntarily took cuts in their shares of profit.
how is that possible? i don't get it.
G W Bush's share of Texas Rangers baseball team franchise 1989-1998_______ _total_ _____Bush_______
purchase . $86M $606,302 (0.71%)
sale .... $250M . $14.9M (5.96%)
profit ... 191% .. 2358% (>12x)
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