Quote from: RE on May 04, 2025, 11:45 PMI would say if you have accumulated "Generational Wealth". That would be enough so if you set up a Trust Fund for each of your kids with "safe" investments with an annualized rate of return of ~5% above an average inflation rate of 3%, it would provide an income high enough to pay full tuition at Harvard + rent a comfortable off campus apt in Cambridge and pay premiums on a comprehensive medical insurance plan beyond the university plan, + vehicle and related expenses and enough walking around money so you could hang with all the rest of the Trust Fund babies at St. Andrews. In today's money, I'd put the capital requirement for each Trust Fund to be around $10-20M.
RE
Based on what Elon was able to do with $32k his father gave him, I think the 7 figure number would suffice. With 7 figures, parents could seed their children with $30-$40k, and that and talent obviously can result into things like the world's richest guy.