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Law professors make much better money than most academics, with starting salaries more than double what humanities professors make. These are also senior profes
by gnicholas 4y ago
Law professors make much better money than most academics, with starting salaries more than double what humanities professors make. These are also senior professors who have been at Stanford for a long time, making good money and presumably investing along the way. SBF's dad is a famous tax law professor (he 'wrote the book' on federal income taxation that's used at law schools all over the country), so he understands finance/investing better than most academics.
I would guess that their net worth was north of $10M just based on those earnings, subsequent investment, and their house (which is apparently worth $3M+).
Of course, SBF has had some incredible arbitrage wins over the years, and he presumably offered his parents the opportunity to run a million or two through his money making machine. If they were more conservative with their gains that he was, they could easily have $20 or $50 million. I agree it's unlikely that they have 10 figures, though.