43 min

Stay rich, stay wealthy! Proven Strategies for Wealth Preservation Family Office: Clubhouse Sessions

    • Investing

A lot of research has been done on wealth preservation and transfer across generations, finding that nearly 60% of the time a family's money is exhausted by the children of the person who created the wealth. In 90% of the cases it's gone by the time the grandchildren die.The people who created the wealth were often obsessive, but often their kids are not.Perhaps the most famous example is the Vanderbilt family. Cornelius, the patriarch, built a fortune on railroads and shipping during the mid...

A lot of research has been done on wealth preservation and transfer across generations, finding that nearly 60% of the time a family's money is exhausted by the children of the person who created the wealth. In 90% of the cases it's gone by the time the grandchildren die.The people who created the wealth were often obsessive, but often their kids are not.Perhaps the most famous example is the Vanderbilt family. Cornelius, the patriarch, built a fortune on railroads and shipping during the mid...

43 min