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Ben Carlson:Sustaining Wealth is Harder Than Getting Rich

TedTed
in Fund Discussions
FYI: The Forbes 400 list of the world’s richest people looks fairly similar at the top every year.

Buffet, Gates, Bezos, Bloomberg and the Walton family are at the top of the list in some order year in and year out (they’ve been joined by Mark Zuckerberg in recent years as well).

But this list isn’t as stable as it may appear.

Over 70% of those who made this list (or their heirs) lost their status in this rarified group between 1982 and 2014. Getting there is easier than staying there for most.

High-income earners have a similarly difficult time staying at the top.
Regards,
Ted
http://awealthofcommonsense.com/2018/07/sustaining-wealth-is-harder-than-getting-rich/

Comments

  • shipwreckedandalone
    You only have to get rich once.
  • CrashCrash
    edited July 2018
    From one of my favorites, "Four Weddings & A Funeral: "
    "Right. Tommy, are you the richest man in England?

    (self-deprecatingly letting his head fall on Charlie's chest.) No!

    I believe we're about seventh....
    ...The Queen, obviously, and that Branson bloke's doing terribly well..."






  • davidrmorandavidrmoran
    shipwreckedandalone said:

    You only have to get rich once.

    haha, if only

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