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They'll never have want of money their entire life. But a prestigious education... well that's something that's worth more than a lot of money to those who have almost limitless wealth.

He is worth like $40B - that $100m would be nothing compared to what they'll likely inherit

I can’t imagine $300mm is the standard price for whatever favorable treatment he’s buying for his kids. I imagine there is a steep billionaire premium. Similar to how a Western tourist is overcharged non-local rates.

His net worth is tens of billion. they will be getting plenty , no worries.

Once you have so much money an Ivy League education is not important. you can buy your way into anything.