At 7.30am at the University of California–Irvine campus, a stream of Land Rovers, BMWs and Mercedes pulls into a car park. A collection of tired-looking twentysomethings shuffle out of their cars, file into a class-room and introduce themselves over Diet Cokes and doughnuts.
Among the first to arrive is Kyle Circle, a spiky-haired entrepreneur in jeans and a T-shirt, who mentions that his father is California's strawberry king. Tina and Lisa, platinum-blonde sisters, say their grandfather made a fortune in real estate. A tall, earnest young man named Tim, wearing a green polo shirt and khakis, says his dad owns a farm in Minne-sota. ("It's a pretty big farm," he admits.)
Several other attendees belong to a family that made its money from an electrical contracting business. Rounding out the group are Kelsey and Kara, willowy brunettes whose family runs a garbage-hauling empire. All together the kids in the room represent family wealth of more than $3 billion.
The kids are asked why they are there. "My dad kind of suggested that I come," says a developer's daughter. "Actually, he more than suggested. He said it was kind of a requirement for my inheritance."
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