So given that, these million dollar loans they received from family to start their businesses really don't amount to much. And Bezos only got $240k.

Only 240K.

The big thing here isn't that they get loans. It's that they can keep taking risks, knowing they'll be OK if they fail.

I can't remember the exact quote, but essentially middle class people have one big shot they can afford to fail at. The children of the wealthy can keep taking them.

So basically, poor to billionaire is impossible in 1 generation, but poor to billionaire is possible in 2 generations.

Smh, that’s like half a million in todays money for free from his parents…

To be honest, I do care way more about how horrible work conditions they provide in their companies. Especially to the more vulnerable and low paying positions.

Yes, there's a huge difference between a billion and a million. That's why the headline talking about billionaires as millionaires is dumb.

Ah, I remember when a billion really was a billion. These paltry thousand millions are chicken feed.

"Previously in British English (but not in American English), the word "billion" referred exclusively to a million millions (1,000,000,000,000). However, this is not common anymore, and the word has been used to mean one thousand million (1,000,000,000) for several decades."

https://en.m.wikipedia.org/wiki/1,000,000,000

billion = million x million [bi]

trillion = million x million x million [tri]

This is still the case in Dutch for instance, where 1e9 is a "miljard".