Wasn’t there a family that would only have one heir to the money, incentivizing having only one or 2 children and both raised\groomed to not fuck up the money. Like if backup kid needed money, they’d get a loan from the trust but have to pay it back with interest. They have a family estate so if anyone fucks up they don’t end up homeless. With so many advisers making sure the money is OK above all else.
I swear the Medici family still has an heir living off of that generational wealth
I’m not saying it’s impossible, just that it typically requires unusual behavior like that or very unusual circumstances such as very large and valuable (typically land) holdings that cannot be sold. Either the wealth gets divided too much or there’s infighting or someone is given the keys to the kingdom and ruins it.
Wasn’t there a family that would only have one heir to the money, incentivizing having only one or 2 children and both raised\groomed to not fuck up the money. Like if backup kid needed money, they’d get a loan from the trust but have to pay it back with interest. They have a family estate so if anyone fucks up they don’t end up homeless. With so many advisers making sure the money is OK above all else.
I swear the Medici family still has an heir living off of that generational wealth
I’m not saying it’s impossible, just that it typically requires unusual behavior like that or very unusual circumstances such as very large and valuable (typically land) holdings that cannot be sold. Either the wealth gets divided too much or there’s infighting or someone is given the keys to the kingdom and ruins it.