3 ms·
If you look at inflation calculator 115K in 1997 is worth 290K today. I don't know a single parent that would or could hand over that amount of cash in 97 or to
by bastardoperator 3y ago
If you look at inflation calculator 115K in 1997 is worth 290K today. I don't know a single parent that would or could hand over that amount of cash in 97 or today. It's wealthly regardless of how you slice it.
- concordDance 3y agoIt's definitely closer to "doctor married a lawyer" levels of money than "single mother barista" levels of money, but "wealthy" normally implies enough money to live comfortably without working, not upper middle class. For context, a doctor and lawyer family in a state capital will earn $2-3m per decade, which is MUCH more than any reasonable estimates of the Musk family's wealth or income.
- bastardoperator 3y agoI earn 2-3M per decade not including investments or IPO. I've sent multiple children to a University. Giving my children 60K-290K in cash while they were studying is not something that crossed my mind once. In fact I would argue you're supposed to struggle a little bit in college. According to Elon's dad, he was rich: ‘I drove them to school in a convertible Rolls-Royce Corniche, they had thoroughbred horses to ride and motorbikes at the age of 14. They were spoilt, I suppose. Maybe that’s why Elon is acting like a spoilt child now,’.