on the other hand, I am reminded of the old saying "LIKE FATHER LIKE SON". this parable describes what happened to Michael Jordan and his son Marcus Jordan. with the financial ability he has, spending this amount of money, is normal for him, as well as his son.
I guess what happened to his son was none other than what his father did. the child, has the privilege of the billionaire father. in other words, I have no answer to what this Marcus Jordan did. because after all, it was his father who gave him the privilege.
I think we have the same thoughts about the son of the billionaire, anyone wouldn't be surprised if he spent $50k a night and I think that's just pocket money used for his needs. Based on the article states that Micheal Jordan has a net worth of $1.6 billion, so I don't need to explain anything about the amount of money his son spent.
But regarding the conclusion, if we are asked how strict the parents are if you are positioned in the status of a billionaire and you have a habit of gambling, so will you forbid your son to gamble and will limit the money given to your son?
I would say yes, he is not yet worthy of gambling with adults and he should be in an age appropriate environment, but when he is an adult he will determine his own future and I as a parent will prioritize providing support for his future goals.
That's nothing compared to how much his dad is earning and for sure MJ knows about it and the way he's letting things to happen might be because of his personal experienced, he is allowing his son to experience it and let him learn to be responsible, as per my own take here, such amount is nothing for the Jordan clan, they just treat it as normal luxury expense and let it go.
But in terms of how parenting even I'm a billionaire I won't allow it as there are many other things in life my son can spend his money
then enjoy it away from any gambling activities.