Even Wealthy People Have Debt So Why Aren't We Richer?

Wealthy people borrow money all the time. So why aren't we all rich?
Since Donald Trump became President people have not forgotten that he is a failure as a business man. In 2016 NPR ran a story explaining how Donald Trump's bad business decisions cost himself almost $1 billion. Investors in his properties lost about $1 billion, too. This is the man that middle America chose to be its next President. Since that time Trump has created the largest annual budget deficit in history, run up the largest national debt ($22 trillion and counting) in history, and he initiated trade wars that have driven many American farmers into debt while raising the cost of goods for American consumers. China doesn't pay the tariffs on imports. We do.