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Someone needs to maintain the wealth, keep avoiding taxes, keep an eye on regulations, foreign markets, looking for new investments.
by akerro 9y ago
Someone needs to maintain the wealth, keep avoiding taxes, keep an eye on regulations, foreign markets, looking for new investments.
- orf 9y agoCouldn't they pay someone to do that?
- jk2323 9y agoYes. But this is VERY risky. See this as an example: https://en.wikipedia.org/wiki/Madeleine_Schickedanz https://en.wikipedia.org/wiki/Madeleine_Schickedanz The article does not give much details. But managers basically stole her wealth from her and siphoned it to themselves. "She was supported in her claim by Thomas Middelhoff". In my opinion it was Middelhoff who badly advised her for his own gain.
- HalcyonicStorm 9y agoMoney management is a huge industry.