3 ms·

Piggy backing off your comment to share these two great contrasting articles on maintaining wealth. First the Vanderbilts (who lost it all) http://www.forbes.c

• kens 10y ago
  Gloria Vanderbilt has an estimated $200 million, so I wouldn't say the Vanderbilts lost it all. Rather than 3 generations shirtsleeves to shirtsleeves, it's more like 5 generations from America's richest to merely very rich. Alfred Vanderbilt was less fortunate. He decided not to take the Titanic at the last minute, but 3 years later was on the Lusitania when it was torpedoed. Despite not knowing how to swim, he gave his life jacket to a young mother and died. (This is an interesting counterpoint to yesterday's article "Does power really corrupt" about how the rich are less caring.)