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Well... that's part of the irony really, in that when you are as rich as Crassus, it's actually work to try to divest it. What seems to really happen is that mo
by poulsbohemian 4y ago
Well... that's part of the irony really, in that when you are as rich as Crassus, it's actually work to try to divest it. What seems to really happen is that money moves from the family to a separate foundation, and then the foundation has the work in perpetuity of managing and granting out the money. With that much money, families really are set up through the end of time, assuming they have any degree of management and responsibility over the bit they don't put into a foundation.
- burkaman 4y agoIt's work, but it's not like a lifetime of work. MacKenzie Scott has managed to donate $14 billion in her first three years of being a professional philanthropist. If you actually want to give your billions away you can pay some people to help you do it relatively quickly. There doesn't need to be a perpetual foundation unless you want there to be.