'What a joke': Retired 55-year-old millionaire claiming he made all of his riches entirely on his own gets called out for what he truly is, a nepo-baby

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Elna McHilderson • Managing Editor
Nov 22, 2023 4:00 PM EST

Do you know a nepo-baby? The term was coined very recently, but "nepotism" has been around since the dawn of material riches. If you didn't know, it's when someone already in power favors someone they know, say a family member, friend, or whatever, and provides them with things like a job. Basically, it means you need money to make money. And I mean a lot of it… To add insult to injury, most nepo-babies will deny being one. They will claim they just worked harder than anyone else and made their way to the top of the ranks all on their own. Dog, my guy, mi amigo, my millionaire in Christ, you started with $300k in the bank, most of us are starting with zero, or in the case of many with student debt, with OWING $40k+ in debt. So, just be honest with yourself. 

Anyways, an example of nepo-baby-ism is glaringly obvious in this Reddit post. A former employee to a now defunct company calls out his nepo-baby former boss and how he reeks of entitlement. Through many helpful circumstances, this former boss was able to sell the company for millions of dollars and retire at 55 years old. However, when asked how he made his riches, he contributes it to he, himself, and him. Nooooobody else helped this self-made man! Definitely not any of the privileges mentioned in the story helped him. Nope, just him and his superiority. 

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  • 01
    'But he, "did it all by myself without any help." What a JOKE.'
    via jenikirbyhistory via PICRYL
  • 02
    Posted by u/Tiredworker27 4 days ago Incompetent company boss who got everything handed to him claims "he did it all by himself without any help".... 3
    via u/Tiredworker27
  • 03
    This guy is an aquantance of me - Fortunately I dont know him very well but I heard this story several times now - and the truth that people told me about it.
    via u/Tiredworker27
  • 04
    By his late 30s this guy was a regular bank clerk. Then daddy retires and gives him his small company. Around 40 people or so. The guy struggles immensly to keep the company afloat because he was just a regular Bank Clerk and overall not very bright or talented.
    via u/Tiredworker27
  • 05
    After a few years the company is nearing bankrupcy. During this time the guy starts a relationship with one of his business partners. The businesspartner/now boyfriend has a much larger company and since they are (apparently) in love offers to help the guy out.
    via u/Tiredworker27
  • 06
    So the guy can cut costs by using the storage rooms of his boyfriends company and some facilities ect. With this help the company stabilizes for a few years but is still not doing great.
    via u/Tiredworker27
  • 07
    Then comes Covid and the state handed out helicopter money in the Billions. The company gets a huge financial injection and is doing ok for the next few years. This year the guy sold the company for several Million Dollars to someone else and has become a
    via u/Tiredworker27
  • 08
    Millionaire by the age of 55 and retired. On each occasion he tells everyone this supposed epic tale how he managed to lead this company and make profit and how smart and competent and hard working he was and that he managed everything on his own. He feels so entitled to
    via u/Tiredworker27
  • 09
    his money and "sucess". Yet if one knows the inofficial story all of this crumbles. - Without getting the opportunity to lead daddys company this guy would still be a regular Bank Clerk or unemployed.
    via u/Tiredworker27
  • 10
    - Without entering a relationship with another businesspartner that saved him from collapse - his company would have collapsed years ago.
    via u/Tiredworker27
  • 11
    - Without the money handed out by the state in 20/21- the company would have collapsed years ago and he certainly would not have been able to sell it for Millions. But he " did it all by myself without any help" - what a joke.
    via u/Tiredworker27
  • 12
    semiTnuP 4 days ago. edited 4 days ago This was shown in spades in a social experiment. Several groups of 2 players (children) were sat down to play a game of Monopoly. However, one of each of the pairs started off with more money, rolled extra dice, etc etc.
    via u/semiTnuP
  • 13
    Almost 100% of the time, the kids with the bonuses ended up winning the game. They were then interviewed about why they won. And all of them, absolutely ALL of them, claimed they won because they made "smarter decisions", or because they
    via u/semiTnuP
  • 14
    were more "fiscally responsible", or because they "wanted the win more than their opponent." None of them attributed their success to the unfair advantages that had been arbitrarily handed out to
    via u/semiTnuP
  • 15
    them. None of them even recognized that the game had been biased in their favour. For some reason science still struggles to understand, humans always believe it was their own choices that caused them to succeed, even when it is demonstrably not true.
    via u/semiTnuP

    (You can check that aforementioned study here!)

  • 16
    ● Unlikely-Display4918 3 days ago Plenty of wealthy aholes have been heard sayjng things like "well i worked so hard." Yah so does the single mom who makes 14 an hour. Makes me irate because they think they have what they have coz they worked harder or more than anyone else
    via u/Unlikely-Display4918

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nepotism failblog millionaire riches to riches nepo-baby-ism nepo-baby boss retired nepo-baby Reddit entitled boss boss called out entitled people
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