- Sean Parker, billionaire and ex-President of Facebook, says one of the biggest advantages rich people have is access to better healthcare.
- Because of this, according to Parker, rich people can live longer and continue to grow their wealth.
- “[G]ive us billionaires an extra hundred years and you’ll know what … wealth disparity looks like,” he said.
Sean Parker, the first president of Facebook, revealed recently what he believes to be one of the greatest advantages rich people have.
“Because I’m a billionaire, I’m going to have access to better healthcare,” the entrepreneur said at an Axios event at the National Constitution Center in Philadelphia.
Healthcare costs in the US are higher than ever — with many families struggling to keep up with the growing expense. The average annual healthcare costs per person reached $10,345 in 2016, according to data from the Centers for Medicare and Medicaid Services.
“So … I’m going to be like 160 and I’m going to be part of this, like, class of immortal overlords. [Laughter] Because, you know the [Warren Buffett] expression about compound interest. … Give us billionaires an extra hundred years and you’ll know what … wealth disparity looks like.”
Life expectancy is predicted to increase across the board in the future, but with the ability to afford top-end healthcare, rich people may have an even greater chance of outliving everyone else now, according to Parker, whose current net worth is about $2.6 billion.
Parker is the founder and chair of the Parker Institute for Cancer Immunotherapy, which aims to accelerate cancer innovation. He established the research organization in 2016 with a $250 million grant from his charity, the Parker Foundation.
Parker found success at an Read More Here