It has been reported that Bill Gates, an American Businessman, philanthropist, and computer programmer who runs the world's largest personal computer software company, purchased a luxurious horse farm gift for his daughter, Jennifer Gates.
Jennifer is the eldest of three children of Malinda and Bill Gates.
Bill Gates reported that he would not pass all his wealth to his kids and spent much of it on philanthropic work.
Jennifer Gates Graduation Gift
At the time of the graduation gift, Jennifer was 22 years old and now is 28. The net worth of that farm is $16 million, and it has six bedrooms, cassocks, riding Arenas, and much more. This farmhouse is her graduation gift. Bill supports her daughter's dream and facilitates her with a trainer to pursue her sports career.
Melinda French Gates_Parenting Statements
After the news broke out, everyone remembered Melinda Gates' statement that they raised their kids in the middle class. She also claimed that they provide their kids with minted screen time, let them help with house chores, and don't allow them to spend unlimited amounts of money. They buy things from their kid's allowance or add them to their wish lists to wait for birthdays and Christmas. And stated, "A very middle-class household where money did dictate whether I got an extra pair of shoes that year or not."
But what about a million-dollar gift? Do middle-class people afford such luxurious Starbucks gifts?
The reality is not as simple as it shows; it is far more different. There must be chances that Gates's children have not been spoiled as those of other millionaires and billionaires, but their lifestyle is way more different and luxurious than that of a middle-class child.
The Gates children enjoy private security, elite connections, studying in top-tier schools, and luxury travel. In addition to this horse farm, Jennifer has another 5 million condos in NYC.
Why This Contrast
Melinda's statement is justified as per value except that of material wealth. Other than this, children of billionaires have limited money to spend, which is actually a middle-class criterion for them.