Kids of billionaires or close to it, how was it growing up?
Children born into very wealthy households, what is it really like? What opportunities and advantages and crazy experiences have you had because of money or your position? Alternatively, what do you resent about your position? Is there truth in the "poor little rich kid" dilemma? What do you wish other people knew about you? And can you not really relate to others who were not born in the same circumstances as you?
Let’s to see who’s the most prestigious kid in this thread
i work with one (parents are billionaires and he will be one day too). i don’t know about his childhood but he’s pretty normal. takes the train, flies commercial, rents a house with his wife, drives an old lexus, have never seen him in flashy clothes.
What's the point of having that much if you don't spend it? I'm not saying he needs to drive a lambo and wear designer clothes but flying commercial? I imagine flying private saves you a lot of time/headache.
yeah couldn’t tell you but he seems to like it. he’ll take the train times when we could expense an uber and his family has at least one jet but he’ll open his email in front of me and you can see American Airlines trip confirmations in there. he worked in banking and has been in private equity for years now when he technically doesn’t have to work at all (the whole family, mother, father, and sister, all work too) so i imagine it’s one of those not trying to live lavish before you “earn it” things. i’m sure too his life is much more lavish behind the scenes than it appears — he rents and takes the train and doesn’t buy expensive stuff and flies commercial but if he wanted to he could buy a $2M house, use his family's jet more, buy a $200K car, buy super nice clothes etc
edit: i’ll add too he has a child and has talked a few times about basically wanting to raise his child right. his wife works a fancy job (won’t say too much but imagine corporate lawyer, doctor, etc type job) and he’s mentioned wanting his child to learn to work hard and doing what will make them happy so probably doesn’t want them growing up as the child of a billionaire.
Sounds like his parents did an outstanding job.
Good for him. I agree with PrivateTechquity. His parents raised him right.
check this thread here: https://www.wallstreetoasis.com/forums/rich-ppl-what-does-it-feel-like-…
I know a guy personally who is worth ~2bn thru his family stake in a public co.
Drives a VW, has a normal to nice house. As standard a late 20s guy as you can get in a MCOL town
Pretty impressive to be raised that 'well'
never EVER drop that number. we won't.
Something I've noticed is that most billionaire kids I know and are friends with ( ~8) only 1 spends money extravagantly and "flaunts their wealth". The rest are extremely humble and you wouldn't be able to tell the difference between them and the person next to them.
However, many of my friends who come from rich parents (100M-500M) are the complete opposite, with many who flaunt their wealth and spend excessive amounts of money. Not sure why this is but its interesting.
Wtf how do you know 8 billionaires
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Damn that’s tough to hear they’ve all struggled that badly. Is there some sort of common theme among their depression? Or are they depressed for unique situations?
I'm guessing the common theme is that having everything handed to you on a silver platter is not good for your mental health. The human mind, like a muscle, needs to experience a little stress in order to get stronger.
marry one of then and take their money when they off themselves...
p.s. if you're a woman lesbian marriage works too, just say you're bi
Ppl like you are why they're depressed/ hide their wealth. Yikes kid.
Idk how true these things are. Bill gates is leaving "all" of his fortune to charity but his kids still get like 15 mil each or something. So basically they can't live a life of total exuberance but they are still set for life
Bill gates loves Africa more than he loves his own children.
Yeah that's complete bs. Whenever the rich say "I'm leaving my fortune to charity" what they means is they will setup their own foundation, owned by their heirs and make a number of tax deductible donations to said charity. The charity will continue to invest the funds how it sees fit (shares, alternatives, PE etc) whilst using its leverage to influence politics and other activities. All under the guise of "charity".
That's like Shaq recently saying he's not going to give his kids any money and then his 15 or whatever kid next to him is standing with a 50k rolex lmao.
"will setup their own foundation, owned by their heirs "
Can you clarify what you mean by this?
I've worked with the kid of a multi-billionaire, happy to say she's completely down-to-earth, lovely girl. She's also super-smart like her Dad, flawless academics then worked in IB and consulting so she definitely doesn't need Daddy's Money to be successful.
As others have pointed out, I notice the kids of super-wealthy individuals somehow tend to be more grounded, it's the kids of simply higher-than-average income parents who tend to fit the spoiled-brat stereotype.
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