Videogame executive Xu Bo, said to have more than 100 children, and other elites build mega-families, testing citizenship laws and drawing on nannies, IVF and legal firms set up to help them
Videogame executive Xu Bo, said to have more than 100 children, and other elites build mega-families, testing citizenship laws and drawing on nannies, IVF and legal firms set up to help them
Why is it so easy for billionaires to have children while the working class struggles?
Children are a fixed cost, and all fixed costs become insignificant exponentially fast as you become super rich.
$200,000 to raise a child until age 18 is four years’ wages if you make $50,000 a year, and after living expenses, unsustainably unaffordable.
Elon Musk makes $24 million an hour. He can afford 120 more children through age 18 every hour.
Even with surrogacy costs added, it’s next to nothing to billionaires, just more assets and a different kind of wealth they can create.
Interesting.
I’m glad we keep saying “they’re a business and they need to make money” so they can have a much easier time raising a family than any of us.
Poor people have children all the time. In my daughter’s class at school 2 of her friends are from families with 7 siblings. And we live pretty regional. I honestly don’t know how they make ends meet.
But it’s not stopping people from having kids.