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Meet The World's Latest Self-Made Multi-Billionaire: Elizabeth Holmes of Theranos
#38

Meet The World's Latest Self-Made Multi-Billionaire: Elizabeth Holmes of Theranos

I think people overstate the concept of privileged backgrounds. A lot of parents don't spend any time with their kids. If they do, it's not focused on anything productive. For sure, there are people with loads of money who can pay for really good educations or resources for their kids, but the reality is that the average family can still produce a kid who is ahead of 95% of kids simply by applying a little effort. That's why Asian kids go to Australia and within a generation they're upper middle class. Every year, the kids with the highest scores at the end of high school are predominantly Asian. Why? Because their parents devote resources to their kids educations and have expectations. Old money WASP families also do this, but it's less and less a prerequisite to be old money WASP to succeed in life. Everyone else, on the other hand, wants to put in zero effort and then later harp on about how lucky or privileged others are/were. A little application, compounded across three generations or more can accomplish huge things.
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