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<blockquote data-quote="dudebro" data-source="post: 3447016" data-attributes="member: 11234">The Florence anecdote is not the norm.&nbsp; Few families acquire this level of stewardship.&nbsp; 90% of wealthy families are no longer wealthy in 3 generations.<a href="https://www.thinkadvisor.com/2016/08/01/why-so-many-wealthy-families-lose-it-all-in-3-gene/?slreturn=20180304091458" target="_blank">Why So Many Wealthy Families Lose It All in 3 Generations, and How to Stop It | ThinkAdvisor</a><a href="https://www.cnbc.com/2014/07/16/how-to-stay-rich-for-three-generations-.html" target="_blank">Staying rich for three generations—it&#039;s not easy!</a>Of the 483 billionaires analyzed, 321—or about two thirds—are first generation. Only 20 percent were second generation. Less than 10 percent were third generation, while only 13 families made it to the fourth generation, seven made it to the fifth generation and two made it to the sixth generation.</blockquote>

[QUOTE="dudebro, post: 3447016, member: 11234"] The Florence anecdote is not the norm. Few families acquire this level of stewardship. 90% of wealthy families are no longer wealthy in 3 generations. [URL='https://www.thinkadvisor.com/2016/08/01/why-so-many-wealthy-families-lose-it-all-in-3-gene/?slreturn=20180304091458']Why So Many Wealthy Families Lose It All in 3 Generations, and How to Stop It | ThinkAdvisor[/URL] [URL='https://www.cnbc.com/2014/07/16/how-to-stay-rich-for-three-generations-.html']Staying rich for three generations—it's not easy![/URL] Of the 483 billionaires analyzed, 321—or about two thirds—are first generation. Only 20 percent were second generation. Less than 10 percent were third generation, while only 13 families made it to the fourth generation, seven made it to the fifth generation and two made it to the sixth generation. [/QUOTE]

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