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> Upon her death, Vanderbilt left her son, Anderson Cooper, almost her entire estate, which was valued at less than $1.5 million. Gloria Vanderbilt wasn’t ultr
by JohnJamesRambo 4y ago
> Upon her death, Vanderbilt left her son, Anderson Cooper, almost her entire estate, which was valued at less than $1.5 million.
Gloria Vanderbilt wasn’t ultra wealthy by any means. Lots of retirees from modest backgrounds have $1.5 million upon death. My uncle is a cnc machinist and had a retirement of about a million dollars.
- HWR_14 4y agoYou think the ruling class is only predicated on inherited wealth (at death, ignoring what could be given over a lifetime or via trusts)? Your example is that someone over a million people regularly listen to for an hour each work-night is not part of the ruling class? And that one branch of the family tree that was embroiled in litigation from when she was a minor over her trust and had 4 failed marriages may have only left seven-figures is evidence of total decline? Meanwhile, the median estate is under $300k and the median bequest is under $100k. The top one percent have seven figure bequests. Also, she left her fancy NYC condo to someone else, which was probably worth more than the amount she left Anderson. Which actually does put her in line with most Americans, in that their wealth is primarily in a home. > My uncle is a cnc machinist and had a retirement of about a million dollars. Retirement or bequest when he died at age 95?