How Wily Donald Sterling Beat These 5 Investments
Image by getty images
Getty Images
(Reuters) — Donald Sterling bought the Los Angeles Clippers for 16 million and is set to sell the team for $2 billion.
That’s a 16,000% return or a lofty 16% a year.
Here’s a look at other investments he could have made at the time, and how much less he would have made.
Stocks
Since the start of 1981, the Standard & Poor’s 500 Index has risen about 1,315 percent, or 8.4 percent a year.
Including reinvested dividends, the S&P has delivered a total return of 1,509 percent, or 8.8 percent a year.
The Nasdaq Composite Index is up 1,994 percent, or 9.65 percent a year.
Bonds
The Barclays U.S. Aggregate Index has risen 1,385 percent, or 8.5 percent a year.
Gold
Spot gold is up 113 percent, or just 2.3 percent a year.
Wine
Earlier this month, London-based Liv-ex said its Liv-ex Investables Index had gained 1,504 percent, or just under 11 percent a year, since its launch in 1988.
Real estate
New York City real estate appraiser Jonathan Miller says the average Manhattan apartment has gained just 5.75 percent a year in value over the 25 years he has tracked their prices.
It’s our birthday and we’re still celebrating!
We hope you appreciated this article. Before you go, we’d like to ask you to please support the Forward’s independent Jewish news.
This week we celebrate 129 years of the Forward. We’re proud of our origins as a Yiddish print publication serving Jewish immigrants. And we’re just as proud of what we’ve become today: A trusted source of Jewish news and opinion, available digitally to anyone in the world without paywalls or subscriptions.
We’ve helped five generations of American Jews make sense of the news and the world around them — and we aren’t slowing down any time soon.
As a nonprofit newsroom, reader donations make it possible for us to do this work. Support independent, agenda-free Jewish journalism and our board will match your gift in honor of our birthday!
Support our mission to tell the Jewish story fully and fairly.
