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Why does a child of a billionaire have to go to school if they can take over their parents' corporations when they're old enough?
Wiki User
∙ 11y ago
Because the parent will probably feel that it's in their child's best interest if they learn to do something themselves and possibly branch out from their company.
Peter Jones' a very good example of this, he's worth roughly £367 million, as of the Sunday times rich list 2012, and will match what his children earn on a 1:1 basis, unless they join the Public services, where they'll earn 3:1. Effectively giving them an incentive to not hold out for his mantel as a corporate hot shot.
Wiki User
∙ 11y ago
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