If your dad is Bill Gates, you're probably not getting a Starbucks gift card for graduating college. In 2018, Jennifer Gates walked off the Stanford stage and onto a 124-acre, $15.82 million horse farm in North Salem, New York. According to ...

If your dad is Bill Gates, you’re probably not getting a Starbucks gift card for graduating college.

In 2018, Jennifer Gates walked off the Stanford stage and onto a 124-acre, $15.82 million horse farm in North Salem, New York. According to Architectural Digest, the lavish estate was a graduation gift from her billionaire parents—and came complete with rolling pastures, three parcels of land, and proximity to New York City for her future studies.

But in case that sounds too much like the plot of “Succession: Equestrian Edition,” Melinda Gates would like to remind everyone: their kids were absolutely raised “middle class.”

  • callouscomic@lemm.eeEnglish
    0·
    2 days ago

    In 2018, Bill Gates’ net worth was approximately $90 billion. His estimated income was around $12 billion, according to estimates from Business Insider.

    In 2018, the median net worth of an American household was $101,800. I chose median cause these billionaires drastically skew the mean. The median household income was $63,179.

    If an average American household gave the same scale of gift in 2018, based on household income, the gift would be $83.29, and based on net worth, it’d be $17.89.