2min chapter

My First Million cover image

Rich People's Tax Credit Scheme, Harvard's Healthy Finances & My9

My First Million

CHAPTER

Harvard Is a Multi-Billion Dollar Tax Free Juggernaut

Harvard is basically some combination of a church hedge fund and a luxury daycare. So they have an endowment that's about $50 billion that they invest across a wide portfolio. They have their tax exempt on the gains from the hedge fund plus all the revenue from their students. Parents will pay 50, 60, 70,000 dollars a year to send their child to this place for four years.

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