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He doesn't say his parents were poor or blue-collar workers, he compares himself to a child of aristocrat. Context is everything.

> He was a child of aristocrats; I am the child of modest workers.

When a one-digit millionaire compares himself to a billionaire like Bill Gates, using "modest" to describe one's wealth would be appropriate in this context.



Child of “modest workers” in a communist country can have different meaning. Maybe they’re party elites? We don’t know. Something just doesn’t add up though.


In another article he writes: "In China, where I was born, there are a lot of people who work much harder but could not enjoy similar results. The difference is that I was lucky enough to have had the chance to move abroad at a young age, thanks my parents. In other words, as Warren Buffett said, a large part of life is the lottery at birth."

http://www.economist.com/whichmba/mba-diary-standing-oration


He's using the word "modest" to mean "not particularly prestigious" as opposed to "poor".




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