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> There's this really insidious meme that it's important for children to completely find their own way in life. ... I don't know where/when it started. It seems
by miles 3y ago
> There's this really insidious meme that it's important for children to completely find their own way in life. ... I don't know where/when it started. It seems like one of those ideas that mostly the bottom 99% of the income spectrum hold onto.
Why the super-rich aren’t leaving much of their fortunes to their kids
https://www.washingtonpost.com/lifestyle/style/why-the-very-rich-arent-giving-much-of-their-fortunes-to-their-kids/2014/08/10/4a9551b4-1ccc-11e4-82f9-2cd6fa8da5c4_story.html https://www.washingtonpost.com/lifestyle/style/why-the-very-...
8 billionaires whose kids won’t inherit their fortunes, from Facebook’s Mark Zuckerberg and Netflix co-founder Reed Hastings, to late Apple CEO Steve Jobs’ wife, Laurene Powell Jobs https://www.scmp.com/magazines/style/celebrity/article/3148570/8-billionaires-whose-kids-wont-inherit-their-fortunes https://www.scmp.com/magazines/style/celebrity/article/31485...
- rybosworld 3y agoI agree that it's interesting that a handful of ultra rich are bucking the trend and not passing all their wealth to their children. But this is only interesting because it's so rare. It's also not very accurate. Gates has stated publicly he plans to leave each child $10 million. Buffet has stated publicly that his kids will only get $2 billion each. Articles like the ones you've posted are just fuel for a false narrative.
- aksss 3y agoYeah, Gates is leaving couch money to his kids, but realistically those kids are set for life unless they have catastrophic lifestyle failure. For all intents and purposes, his kids are and will remain extraordinarily wealthy.