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I have a friend who is a divorce lawyer for the rich, and basically, yes. Most fortunes are built in illegitimate ways and there is a lot of asset hiding. Thin

I have a friend who is a divorce lawyer for the rich, and basically, yes. Most fortunes are built in illegitimate ways and there is a lot of asset hiding. Think of the Kennedys who built their fortune rum-running and then went legit with the money pile they built up. Nice work if you can get it.

guscost 10y ago
> divorce lawyer Using "rich people who are getting divorced" adds a pretty big confounding variable to your analysis.
cpncrunch 10y ago
>Think of the Kennedys who built their fortune rum-running and then went legit with the money pile they built up. Nice work if you can get it. Not according to wikipedia. It says they he build his fortune in the stock market and real estate, long before prohibition. His profits from alcohol were after prohibition, and were entirely legitimate. https://en.wikipedia.org/wiki/Joseph_P._Kennedy,_Sr https://en.wikipedia.org/wiki/Joseph_P._Kennedy,_Sr.
ArkyBeagle 10y ago
The principal root of the fortune was Joe Sr. pulling out of the stock market into cash in 1929. Massive information asymmetry in his favor. Rumrunning was just something people did.