Donald Trump's son 'plans' $1 billion India fund

Donald Trump Jr, the rather uncharismatic son of reality television personality Donald Trump, is looking to set up his own fund to invest in India's until recently red hot real estate market.

The younger Trump told Bloomberg that "The fund will be for acquisitions of real estate in the high end, and across the spectrum. The market place is beginning to understand and appreciate luxury, so there is a great opening for us there, as well as in resorts.''

He's looking to raise $1 billion, but given how cheap investors have become of late, I'm skeptical. What exactly are his credentials? He's 30-years-old, works for daddy, was a judge on his father's reality show, and -- the icing on the cake -- he was ousted from the board of the condo association where he lives.

If this guy can raise a billion bucks, then the economy is considerably stronger than we're giving it credit for ... or investors are considerably dumber.

But for now, these are just "plans" to raise "up to" $1 billion. I wouldn't hold my breath waiting for the money to role in, and frankly, this looks like a publicity ploy designed to create the impression that Trump Jr. is someone to be taken seriously.