According to the criteria of
In dialogue with Business Insidertold what led him to make this decision: “A decade ago I attended a conference on generation wealth at Harvard, where I heard a great saying about wealth that is said in dozens of languages”. Upon hearing it, he understood that this warning works the same throughout the world.
“It takes a generation to build it, a generation to run it, and a generation to ruin it.” was the saying that changed the way he saw the world. And he added: “I am a history buff and I think history shows that leaving behind enormous wealth is detrimental.”.
What the billionaire will leave his children
Even though it won’t leave them as much wealth, He clarified that everyone will have the same opportunities and will help them. To all of them will pay for collegethe initial payment of your first house and his first car. However, he clarified: “All these amounts must be reasonable and practical, not flashy or ostentatious.”
He also assured that will create a trust so that the money continues to grow: “The trust, which I based on the Rockefeller family trust, will also provide business loans to my descendants.” Therefore, the children will not receive cash, but they will have a great initial push from their father.
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