4 ms·
I've heard that saying as well (only it was "Rags to Riches in three generations, rags to rags in four"), but as far as I can tell, the Rockefellers are still a
by spc476 17y ago
I've heard that saying as well (only it was "Rags to Riches in three generations, rags to rags in four"), but as far as I can tell, the Rockefellers are still around, still rich, and are at the sixth generation ( http://en.wikipedia.org/wiki/Rockefeller_family http://en.wikipedia.org/wiki/Rockefeller_family ---the legacy section of that page makes for interesting reading). The Kennedy's are still around, still rich and are in the fourth generation ( http://en.wikipedia.org/wiki/Kennedy_family http://en.wikipedia.org/wiki/Kennedy_family ). History has yet to see what happens to the Bush family ( http://en.wikipedia.org/wiki/Bush_family http://en.wikipedia.org/wiki/Bush_family ), currently on the fourth generation.
The Hilton family ( http://en.wikipedia.org/wiki/Hilton_family http://en.wikipedia.org/wiki/Hilton_family ) on the other hand, might fall into your theory.
- Retric 17y agoI think what grandchildren are going to do with money is somewhat random. My grandfather understood building wealth through investments as do I. However, my mother and older sisters don't. A friend of mine's grandmother had real wealth, as in her home was featured in home and gardens etc. He had a multimillion dollar trust fund and burned out on drugs until he died after his fourth or fifth motorcycle accident. I know many young people with enough money to never work again and mostly they are fine. But, it's the people with handed great wealth that seem to be hardiest hit by it.
- cellis 17y agoNah, Barron Hilton gave away like $500 million, else they might still be incredibly wealthy.