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Musk: Rich father, emerald mine money? Arnault: "In 1971, he graduated from the École Polytechnique, France's leading engineering school, and began work for hi
by justinsaccount 3y ago
Musk: Rich father, emerald mine money?
Arnault: "In 1971, he graduated from the École Polytechnique, France's leading engineering school, and began work for his father's company. Three years later, after he convinced his father to shift the focus of the company to real estate"
Gates: "His father was a prominent lawyer" "At age 13, he enrolled in the private Lakeside prep school, where he wrote his first software program" "Microsoft co-founders Bill Gates and Paul Allen first met as teenagers in the late 1960s at Lakeside School in Seattle"
Zuckerberg: "My dad, funny enough, right before each of us went to college offered us the options of going to college or like investing in a franchise and running it,” sister Randi Zuckerberg told CNN Business’ Laurie Segall of her dad’s offer to his son and each of his three daughters.
They may not have literally handed their kids a sack full of money, but you can't argue that people like Arnault, Gates, Zuckerberg are not largely where they are today due to their parents wealth.
- lifestyleguru 3y agoIt's disguisting how we praise these people and consider them "just like us".
- AaronM 3y agoYeah, they all came from families that gave them a significant advantage over their peers. They could all afford to fail at entrepreneurship, and not have their life turned upside down by it.
- justinsaccount 3y agooh, and according to https://en.wikipedia.org/wiki/Lakeside_School_(Seattle) https://en.wikipedia.org/wiki/Lakeside_School_(Seattle) > Annual tuition $40,080 Does your parents spending $160,000 to send you to high school not count as inheriting wealth ?
- 1234letshaveatw 3y agolargely lol, this is class warfare silliness. Zuck is largely a billionaire because his father offered to pay for college? Have you read up on the so called "emerald mine"?. And how many lawyer's kids do you know that are billionaires?
- wing-_-nuts 3y agoWhen you have the casino stake you for $1000 before you even sit down to the table, you can afford to take more risk than if you sit down with $100 of your grocery money. That doesn't guarantee you'll win but it's much easier to take a shot. Does that make more sense?
- feedforward 3y ago> Not one of them through inheritance Gates grandfather was president of a bank. Gates left his prep school for Harvard with a million dollar trust fund. His mother was on a board with the chairman of IBM which helped launch Microsoft into the big time. Buffett's father was a congressman. His grandparents owned a chain of grocery stores. Zuckerberg's high school was Phillips Exeter Academy. Currently tuition is over $50,000 a year - for high school.
- Sohcahtoa82 3y agoI genuinely find it absolutely infuriating that so many people actually think any of those people are self-made. They all had rich parents that provided a massive safety net in case their ventures failed. For over 90% of the country, if they quit their day jobs to try out some business venture, they'd be bankrupt within a few months just from living expenses, let alone business expenses. Half the country would probably be out on the street within weeks as they wouldn't be able to pay the rent. 57% of Americans can't afford a $1,000 emergency expense [0]. For these people, even if they didn't quit their day jobs, they'd have an extremely difficult time getting a business off the ground. [0] https://fortune.com/recommends/banking/57-percent-of-americans-cant-afford-a-1000-emergency-expense/ https://fortune.com/recommends/banking/57-percent-of-america...