Post
Topic
Board Economics
Re: Pertaining to leadership roles, do family financial background have much effect?
by
tsaroz
on 13/07/2025, 15:59:15 UTC


‎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?


People born in rich and business minded families do get schooling about how to handle and manage the money. So, they ought to be good in managing money when they grow up as well as have overall management skills of human and non-human resources. We have seen sons and daughters of owners of large business successfully inheriting and running the business. There are occasional news of losing all of their family fortune but they are rare and even for people who lost most of it has recovered.

Top leaders and Presidents are not always from rich backgrounds. Trump is an exception, a billionaire who became a president but most of the world leaders comes either from a political background with their parents in politics or from a bureaucratic background where they have already learned about diplomacy. When there's a leader who knows about money but have not much idea about diplomacy, we get problematic situation like current time with US. Trump might have right intentions but his diplomacy is already a failure.