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Fortunes can fade fast and, for some people, lavish spending, poor investments and an extravagant lifestyle can lead them to lose sums of money that others may only dream of obtaining. More From ...
Some built upon their inherited fortune to create companies that far exceed those of their parents or spouses -- like the Koch Brothers or L'Oreal's Liliane Bettencourt -- while others, such as ...
The richest heirs and heiresses in the world span from hardworking retail owners to royalty, and the businesses they run vary just as much.
Family name Notable members Combined wealth in US$ billions (estimated) Source of wealth Country or region Walton [5] [6]: Jim Walton, S. Robson Walton, Alice Walton, Lukas Walton, Christy Walton, Nancy Walton Laurie, Ann Walton Kroenke (Sam Walton, Bud Walton)
Bernard Lafferty (14 April 1945 – 4 November 1996) was an Irish butler and heir to American tobacco heiress and philanthropist, Doris Duke.Duke hired Lafferty in 1987 and named him the executor of her $1.2 billion estate six months prior to her death in October 1993.
This article relies largely or entirely on a single source. Relevant discussion may be found on the talk page. Please help improve this article by introducing citations to additional sources. Find sources: "List of peerages inherited by women" – news · newspapers · books · scholar · JSTOR (January 2011) In the peerages of the British Isles, most titles have traditionally been created for ...
The Gospel of Wealth asserts that hard work and perseverance lead to wealth. Carnegie based his philosophy on the observation that the heirs of large fortunes frequently squandered them in riotous living rather than nurturing and growing them. Even bequeathing one's fortune to charity was no guarantee that it would be used wisely, due to the fact that there was no guarantee that a charitable ...
Having rich and famous parents comes with its perks -- which can include a sizable inheritance. But some business people and celebrities aren't looking to pass on their riches to their kids.