4 ms·
> Bill Gates shouldn't be listed as someone who inherited his wealth: he did not inherit it. According to Philip Greenspun, Bill Gates started off with a milli
by technosmurf 13y ago
> Bill Gates shouldn't be listed as someone who inherited his wealth: he did not inherit it.
According to Philip Greenspun, Bill Gates started off with a million-dollar trust fund:
"William Henry Gates III made his best decision on October 28, 1955, the night he was born. He chose J.W. Maxwell as his great-grandfather. Maxwell founded Seattle's National City Bank in 1906. His son, James Willard Maxwell was also a banker and established a million-dollar trust fund for William (Bill) Henry Gates III."
http://philip.greenspun.com/bg/ http://philip.greenspun.com/bg/
https://news.ycombinator.com/item?id=6546325 https://news.ycombinator.com/item?id=6546325
- PeterisP 13y agoAnd? A million dollar trust fund means that he inherited 0.001% of his 100B quoted wealth. If a million dollar net worth person inherits $10, does that mean that his wealth is inherited? The proportion is the same.