This Thread Debunked The Myth Of Millionaires Who Started Off In A Garage And Reveals The Truth Of Their Success

Most "rags to riches" stories are not that at ALL.

Rachel

• Published in Funny
• November 9, 2020

Fun fact: most of the super rich people today? They were already rich (or their families never really struggled with money) their whole lives--and this gave them privileges that most people simply do not have.

But what is the problem with this? It makes us think that we can all be billionaires if we just "work hard enough," which ignores systemic barriers to success.

Overlooking the huge advantage that born-wealthy people have places the burden and responsibility of poverty onto the individuals--rather than acknowledging differences in education, household, health, location and luck.

Read on to see how some of the richest people today had a huge advantage growing up, and the myth of them getting in a garage is overstated.

The myth that billionaires were "just like us" when they started out, and that it is possible for us to be as successful, too, are constantly spread around.

Except that his family gave him almost $250,000 to stop his business from failing...

(In 2020 dollars, that is a little over $400,000).

There is a similar story for Bill Gates, who likely wouldn't have been as successful if he hadn't had a powerful mom.

Similarly, Warren Buffet.

Mark Zuckerberg's family was already wealthy and were able to pay for incredible educational opportunities.

While "The Zuck's" may not have given him thousands of dollars directly, they gave him an advantage in other ways.

Rich people have a very different definition of "starting from the bottom" than us regular folk.

Even if they had not become successful billionaires, almost all billionaires would have lived a very comfortable life, and never had to worry about money regardless.

So, basically, before you buy into the myth of the garage billionaire, have a look into their upbringing.

Chances are, they were already wealthy beforehand--and were able to take risks that others could not simply because they had a financial safety net, and the backing of rich parents.

It sucks, huh?

Rachel