Must Read Money Stories For Wednesday, July 29

by July 29, 2015

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How much is Donald Trump actually worth? The real estate mogul says more than $10 billion, but Bloomberg says otherwise. According to a new analysis by the site’s Billionaires Index, Trump is worth far less: $2.9 billion. The 69-year-old scoffed at the finding on CNN yesterday, saying “They don’t know what they’re talking about.”

Something foul in London. Or at least New York Times columnist Roger Cohen thinks so. Cohen wrote on Sunday that London is becoming a haven for foreign wealth, and is largely ignoring its middle class citizens. Curiously, he’s now moving back to New York, which basically has the same exact problem.

Does it pay off? If you’re a MLS follower, you should be more than familiar with this trend: American soccer teams are dishing out huge contracts to popular, albeit aging foreign players, to attract attention. It all began in 2007 when the LA Galaxy convinced David Beckham, who was already on the wrong side of thirty at the time, to hop across the Atlantic for a five-year $250 million deal. Now, NPR investigates if this strategy is paying off for MLS.

What risk? It might seem like entrepreneurs are taking huge risks when they go off on their own and build something from scratch. But Quartz finds that it’s actually family money that allows them to risk it all in most cases. “If one does not have money in the form of a family with money, the chances of becoming an entrepreneur drop quite a bit.”

Germany prevails. Neil Irwin takes a look at how Chancellor Angela Merkel and company basically got everything that they wanted from the Greek bailout deal.