If your dad is Bill Gates, you’re probably not getting a Starbucks gift card for graduating college.
In 2018, Jennifer Gates walked off the Stanford stage and onto a 124-acre, $15.82 million horse farm in North Salem, New York. According to Architectural Digest, the lavish estate was a graduation gift from her billionaire parents—and came complete with rolling pastures, three parcels of land, and proximity to New York City for her future studies.
But in case that sounds too much like the plot of “Succession: Equestrian Edition,” Melinda Gates would like to remind everyone: their kids were absolutely raised “middle class.”
this is not how generational wealth work.
lets say you are 17. having a party in the house with 100k cash in your bank account. you hear dad talk about a big merger “this company will be this company and the stock will go up” you put 50k on that and now you have 300k or something.
I sat with a few upper class once, if I have cache on hand I will be millionaire by now, it doesn’t take much to get rich when you hang out with rich people…
It’s more like “Hey, I have an idea for a new type of toilet. Can you get me a meeting with your golf buddy who is the CEO of the largest toilet company in the world?”. This is literally how Microsoft started.