[prestigious]

Generational wealth is way overstated. Steve jobs didn’t have generational wealth. Airbnb was funded by selling obama branded cereal.

[JKCalhoun]

Yes, we can point to exceptions.

[asteroidbelt]

Inherited wealth is rather an exception: https://www.cnbc.com/2019/09/26/majority-of-the-worlds-riche...

Of course, rich kid will not end up like poor kid, but they will be much less rich than their parents.

[nec4b]

What exceptions? Don't you have any restaurants or dry cleaners or any other small businesses around where you live which were started by poor immigrants?

[KSteffensen]

That seems like a strange comparison. Apple and my local kebab shop are not businesses in the same league and never will be.

[nec4b]

I hope you don't think only a multi billion dollar companies count as success. The point is: a lot of poor people start businesses all the time and a lot of them end up successful.

[KSteffensen]

I would not count working 12+ hours per day 7 days a week, while barely making each months rent as success. As far as I can tell that's the reality for most non-franchise stores, small restaurants, etc.

[oblio]

> The point is: a lot of poor people start businesses all the time and a lot of them end up successful

What's "a lot". My bet is on the majority failing, and by that, I mean, going bankrupt before even breaking even.

[nec4b]

I don't know. A lot more than there are companies like Apple or Google. Don't you see how many small businesses are around you when walking down a random street. Anyway why does it even matter? If only 49% of them succeeded which is less than majority, would that mean poor people cannot become successful entrepreneurs?