Hacker News Reader

Zuckerberg went to Phillips Exeter, a high school which costs at least $47,000 a year.

Zuckerberg bought Instagram from Kevin Systrom who went to Middlesex high school, which costs at least $55,000 a year.

At this point it becomes a parlor game of who is rich, and who is "upper middle class", which apparently means spending $55,000+ a year on your kid's high school.

View on HN

You're really moving the goalposts. From "the heirs who own the majority of stock" to "spending $55,000+ a year on your kid's high school."

Edit: Zuckerberg's parents were a psychiatrist and a dentist. Well paid jobs but still jobs. I'd hardly call it generational wealth.

If your parents can afford to spend 60k a year on your high school, then that is generational wealth.

Do you think the child of a poor single mother trying to make ends meet is given the same opportunities?

It's not as easy, certainly, but I know of several founders who grew up poor.

Steve Jobs father never graduated high school and fixed cars for a living.

Larry Ellison grew up in an apartment in the South Side of Chicago.

Starbucks founder Howard Schultz grew up in a public housing project.

Reply on news.ycombinator.com