Family Wealth Quotes

The right amount of money to leave children is enough money so that they would feel they could do anything, but not so much that they could do nothing

No grant of feudal privilege has ever equaled, for effortless return, that of the grandparent who bought and endowed his descendants with a thousand shares of General Motors or General Electric.

I was 12 years fittin' to be a billionaire; I was 15 years old as a millionaire. I've been rich since I was 14. My son has been a millionaire since he was 12, so that's just the life. We've been playing with money since young.

Here's a guy that inherited $200 million. If he hadn't inherited $200 million, you know where Donald Trump would be right now?

If you're extremely rich, and you have got children, my theory was, you give them enough so they can do anything, but not enough so they can do nothing.

You know some of the people in The Strokes, yeah, their parents had success - but we didn't live like yuppies.

Marriage has been a way of attempting to ensure the replication of power and wealth from one generation of another, passing it down from men to men.

I remember thinking quite logically that I didn't want to spoil my children with wealth and so that I would create a foundation, but not knowing exactly what it would focus on.

Parents do not owe their progeny an inheritance no matter how much money they have. One of the surest ways to produce loafers and freeloaders is to let children know that their future is assured.

Family business management is a discipline that has evolved from an art into a science. The market for this line of education has been created by the growing recognition of family-run companies that shareholders are demanding greater clarity on issues ranging from succession to the management of wealth and the distribution of profits.

I have issues with inheritance tax, particularly coming from a migrant family. My dad has worked incredibly hard all his life, so it seems odd to me that someone who has gone through that experience and has managed to save then gets taxed for dying.

The entire American concept of the 'family business' is put at risk by the death tax.

Additionally, this tax forces family businesses to invest in Uncle Sam rather than the economy. When families are forced to repurchase businesses because of the death tax, that means less money is being invested in new jobs and capital expansion.

There is no law saying you have to die before your assets can be passed to loved ones. In fact, gifting earlier can be a lovely way to witness how your money helps your family thrive.

I am lucky because my family are comfortably off. My father has his own glass business.

When I left school - or, rather, when I was expelled from school for hitting a kid who had disrespected a teacher - I had nothing, with nowhere to go. Where I'm from, it really means that. Now my family are millionaires. I never dreamed this would be possible.

Nobody would deny that if someone was a billionaire in 1962, his billions are going to affect all of his descendants. The reverse is also true. The lack of education, material, and finances for a slave are going to affect the descendants of that individual as well.

As long as Property exists, it will accumulate in Individuals and Families. As long as Marriage exists, Knowledge, Property and Influence will accumulate in Families.

Well, isn't every successful person in every family the bankbook?

A first-generation fortune is the most likely to be given away, but once a fortune is inherited it's less likely that a very high percentage will go back to society.

Miserliness is a capital quality to run in families; it's the safe side for madness to dip on.

I was kind of secretly hoping one of my kids would go out and make a million bucks. So when they put me in a home, at least I'll have a window with a view.

I distributed my wealth among my children and set aside a portion for endowment to run charity projects.

For an inheritance to be really great, the hand of the defunct must not be seen.

In the 1980s, I was working to reform the schools in Arkansas. Donald Trump was borrowing $14 million from his father to start his businesses. In the 1990s, I went to Beijing and I said women's rights are human rights. He insulted a former Miss Universe, Alicia Machado, called her an eating machine.