Submitted by johnwayne2413 t3_10bj8km in technology
BigZaddyZ3 t1_j4auh3q wrote
Reply to comment by Grey___Goo_MH in Scientists Have Reached a Key Milestone in Learning How to Reverse Aging | Time by johnwayne2413
The money would just go to their heirs wouldn’t it?
[deleted] t1_j4cioya wrote
[deleted]
BigZaddyZ3 t1_j4ckoue wrote
Maybe, but this doesn’t seem to really matter much in practice tho. I think most people would agree on that neither Musk nor Trump have the business acumen of their father. But when you’re born that rich, you tend to fall upwards I guess.
ContinuousZ t1_j4dr421 wrote
>Musk nor Trump have the business acumen of their father.
you think the richest man alive has worst business acumen than his father who went broke in the 90s?
>But when you’re born that rich, you tend to fall upwards I guess.
Elon was born in a wealthy family but not even close to ultra rich that he can fall upwards like trump.
"In 1995, Musk, his brother Kimbal, and Greg Kouri founded Zip2.[49][50] Errol Musk provided them with $28,000 in funding. Compaq acquired Zip2 for $307 million in cash in February 1999,[56][57] and Musk received $22 million for his 7-percent share."
28,000 is not that much, can easily find an investor to fill that. I know parents who buy their highschool kids $50,000 cars and that's not even an investment it's depreciating asset. If Elon musk's dad was ultra rich, Elon would have way more than 7 percent share. You only give up shares for investors or to compensate employees when you lack funding/cash which his dad couldn't provide because he wasn't ultra rich.
an-invisible-hand t1_j4ioa3k wrote
Tbh it depends on how little the father started with. 28k isn’t much but compared to starting from 0 it’s practically an infinity apart.
Helasri t1_j4b2gbx wrote
And tax I guess ( not all countries of course )
milkman1218 t1_j4bpc5d wrote
Gates kids won't receive anything but I'm sure other rich people aren't like Bill
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