Children of the Yuan Percent: Everyone Hates China's Rich Kids
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Re: Children of the Yuan Percent: Everyone Hates China's Rich Kids
#2Well it sounds like they have the same problems other rich kids have. Mainly that it's hard to get away from from your parents' influence, and anything you achieve is credited to the family. Also there's a wariness about new people, and a feeling of being disconnected from ordinary society.
I know a couple of heirs, and they've handled it differently. One kid works in the family office, investing the family fortune. He takes the view that his life belongs to the family, and he's just a temporary caretaker, whose duty is to keep things good for the next generation.
Another has avoided the family business, and doesn't use the family name (everyone who read Forbes would recognise him). He works a job that he didn't need connections to get, and seems happy with it now. When we were in school, it took a while to come to terms with the fact that he didn't have to work, ever.
Re: Children of the Yuan Percent: Everyone Hates China's Rich Kids
#3This reminds me a bit of Born Rich, the documentary by Johnson & Johnson heir Jamie Johnson:
Re: Children of the Yuan Percent: Everyone Hates China's Rich Kids
#4Cool headline, but given the population of China, we're probably talking children of the 0.001%
Re: Children of the Yuan Percent: Everyone Hates China's Rich Kids
#5Well it sounds like they have the same problems other rich kids have. Mainly that it's hard to get away from from your parents' influence, and anything you achieve is credited to the family. Also there's a wariness about new people, and a feeling of being disconnected from ordinary society. I know a couple of heirs, and they've handled it differently. One kid works in the family office, investing the family fortune.…
What school is that?
Re: Children of the Yuan Percent: Everyone Hates China's Rich Kids
#6[deleted]
Re: Children of the Yuan Percent: Everyone Hates China's Rich Kids
#7Well it sounds like they have the same problems other rich kids have. Mainly that it's hard to get away from from your parents' influence, and anything you achieve is credited to the family. Also there's a wariness about new people, and a feeling of being disconnected from ordinary society. I know a couple of heirs, and they've handled it differently. One kid works in the family office, investing the family fortune.…
What school is that?
Not terribly important, but it was a place where immigrant kids could mingle with the kids of diplomats, corporate folks, and the wealthy.
Re: Children of the Yuan Percent: Everyone Hates China's Rich Kids
#8Cool headline, but given the population of China, we're probably talking children of the 0.001%
Wasn't "The 1%" really "The 0.001%" in the US already?
Re: Children of the Yuan Percent: Everyone Hates China's Rich Kids
#9Well it sounds like they have the same problems other rich kids have. Mainly that it's hard to get away from from your parents' influence, and anything you achieve is credited to the family. Also there's a wariness about new people, and a feeling of being disconnected from ordinary society. I know a couple of heirs, and they've handled it differently. One kid works in the family office, investing the family fortune.…
Probably also absurdly spoiled, never had to have an actual 9-5 job
Also accustomed to being rude and being pampered all around the place
Re: Children of the Yuan Percent: Everyone Hates China's Rich Kids
#10Well it sounds like they have the same problems other rich kids have. Mainly that it's hard to get away from from your parents' influence, and anything you achieve is credited to the family. Also there's a wariness about new people, and a feeling of being disconnected from ordinary society. I know a couple of heirs, and they've handled it differently. One kid works in the family office, investing the family fortune.…
TBH, if you can accept a lower standard of living, few people really need to work that much - at least in developed nations.
Most people work for social pride and connection to the community. Which is a good reason.
I just wish we could remake how to generate this social pride. Buying a nice car or nice house shouldn't be a reason to feel proud. Teaching, doing or learning something new and useful for your community - should be.