Guys do we inherit from Object like from any other class (except of course that we don\'t have to explicitly state that) or there is some special privileges to Object class
No it's the same. Here the excerpt from JLS 8.1.3:
If the class declaration for any other class has no extends clause, then the class has the class
Objectas its implicit direct superclass.
Of course, Object itself is a bit special (JLS):
Each class except
Objectis an extension of (that is, a subclass of) a single existing class (§8.1.3) and may implement interfaces (§8.1.4).