Do top leaders or presidents of countries or big corporations and businesses do better economically because they were brought up from a rich family background with wealthy parents or from a poor family background with poor parents?
Or better put, does the financial status of ones family background, that is, does one being born and brought up by rich or poor parents, have a lot to do with how well they do later in life when they attain leadership roles in big corporations and businesses or become the president of a country?
The family background can influence a child because the family is an agent of socialisation. When children are exposed to family businesses or politics at a tender age, they grow to master these skills, which can make them successful in the future. They can also become successful easily because their families have the financial backup and connections to make things rosy. But many people from a poor background become successful because of education, hard work, and determination. In summary, family background can contribute to a child's success but this is not always the case.