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by technosmurf
4626 days ago
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> 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/ https://news.ycombinator.com/item?id=6546325 |
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If a million dollar net worth person inherits $10, does that mean that his wealth is inherited? The proportion is the same.