Do rich people have more than one child? Well, let us unearth the answer to this simple question.
By ET Spotlight Special | Updated:
Agencies
Elon Musk has made a remark that most of his fellow rich people do not have more than one child. Is it true? Let's find out how his statement contradicts reality.
Frank VanderSloot Republican donor and wellness business mogul VanderSloot has 14 children. Six from his first marriage and eight from his current wife. They have been married for 26 years. His net worth is $3 billion.
Faris Wilkes Faris Wilkes has 11 children. The oil giant has a net worth of $1.3 billion. He pastored his congregation, the Assembly of Yahweh, Seventh Day, Texas. Wilkes and his wife, Jo Ann, are active Republican donors who have ties to conservative Christian groups and have donated generously to Donald Trump's re-election campaign.
David Duffield Founder David Duffield and his wife Cheryl have ten children (5 of whom are adopted). His net worth is $9.6 billion.
ADVERTISEMENT
Jerry Moyes Jerry Moyes, Founder and activist investor of Trian Fund Management, has ten children with three wives. His net worth is $1.6 billion. Jerry Moyes and his wife Vicki have been married since the 1980s and have ten children. Moyes and his family's net worth is $1.4 billion.
Richard Schultz Richard Schultz and his wife Maureen have 10 of his children. His net worth is $3.8 billion. After two marriages, FedEx founder, chairman, and CEO Frederick Smith is the father of 10 children. His net worth is $5.1 billion.
Elon Musk himself was the father of his nine children by three women, and one in ten of his children died in infancy.
ADVERTISEMENT
Thus, this proves Elon's theory that having just one kid is wrong for rich people who usually decide to have just one kid. He is part of the list where the more sounds better.
Bernard Arnault: The rise of the world’s third richest man
1/10
Bernard Arnault is the CEO of the LVMH (LVMH Moët Hennessy Louis Vuitton) empire, which includes 70 fashion and cosmetics companies including Louis Vuitton and Sephora.
Bernard Arnault is the CEO of the LVMH (LVMH Moët Hennessy Louis Vuitton) empire, which includes 70 fashion and cosmetics companies including Louis Vuitton and Sephora.
For a CEO in the fashion sector, Arnault's career path was very unusual. He started off working for his family's civil engineering firm in the industrial north of France as an engineer and property developer.
For a CEO in the fashion sector, Arnault's career path was very unusual. He started off working for his family's civil engineering firm in the industrial north of France as an engineer and property d..
Read More
By 1984, he had aspirations that went far beyond building, and he started to take over enterprises that he could expand to a global scale through a series of audacious and cunning maneuvers.
By 1984, he had aspirations that went far beyond building, and he started to take over enterprises that he could expand to a global scale through a series of audacious and cunning maneuvers.
He acquired Boussac, a well-known French conglomerate, in order to acquire The House of Dior, a business it housed, a prize he had long wanted. He used the proceeds from the sales of the majority of the other properties to purchase Mot Hennessy and Louis Vuitton, two renowned French brands that merged to form LVMH in 1987.
He acquired Boussac, a well-known French conglomerate, in order to acquire The House of Dior, a business it housed, a prize he had long wanted. He used the proceeds from the sales of the majority of ..
Read More
Once inside LVMH, he took advantage of the ongoing rivalry between the two CEOs to gain control before ousting them both.
Once inside LVMH, he took advantage of the ongoing rivalry between the two CEOs to gain control before ousting them both.
He became the Chair, CEO, and largest shareholder of LVMH after winning "one of the bloodiest battles in French fashion," a position he retains as of April 2022.
He became the Chair, CEO, and largest shareholder of LVMH after winning "one of the bloodiest battles in French fashion," a position he retains as of April 2022.
He united the defunct Boussac assets with the LVMH brands and dozens of purchased businesses during the ensuing three decades to establish the most potent luxury conglomerate in the world, with revenues of €44.6 billion ($51 billion) by 2020.
He united the defunct Boussac assets with the LVMH brands and dozens of purchased businesses during the ensuing three decades to establish the most potent luxury conglomerate in the world, with reven..
Read More
Arnault ranked third in the world's wealthiest people as of April 21, 2022, with a net worth of $146 billion (after Elon Musk and Jeff Bezos)
Arnault ranked third in the world's wealthiest people as of April 21, 2022, with a net worth of $146 billion (after Elon Musk and Jeff Bezos)
Arnault wed Anne Dewavrin in 1973; the couple had two kids before divorcing in 1990. In 1991, Arnault wed Hélène Mercier, a concert pianist from Canada. He has five children: two with his first wife and three with his current one.
Arnault wed Anne Dewavrin in 1973; the couple had two kids before divorcing in 1990. In 1991, Arnault wed Hélène Mercier, a concert pianist from Canada. He has five children: two with his first wife ..
Read More
“I see myself as an ambassador of French heritage and French culture. What we create is emblematic. It's linked to Versailles, to Marie Antoinette.”
“I see myself as an ambassador of French heritage and French culture. What we create is emblematic. It's linked to Versailles, to Marie Antoinette.”