Wealth Inheritance Quotes

The money that bin Laden inherited was about 20 million dollars over the course of many years, not the much larger sums some have suggested. In 1994, his family cut him off.

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.

Only 18 percent of the income of America’s richest families come from work—hard or otherwise. In America, most wealth does not come from hard work, It comes from wealth.

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?

I'm just raising money. Dead presidents are my relatives.

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.

Gentility is what is left over from rich ancestors after the money is gone.

Conservatism means re-embracing true free enterprise. True free enterprise, which I believe and not because my parents were wealthy, not because I inherited millions of dollars because I did not, but because as I walked on to the stage here today, I walked through the kitchen of this hotel and I met people and shook the hands of people who are doing the jobs my parents once did.

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.

A common objection to inherited wealth is that it stifles the urge to work. I have not generally observed this to be true.

For lots of people who became rich, they believe they earned their fortune through hard work. They don't think about society and only want to leave their fortune to their children.

We removed wealth tax in the 1991 budget. That is one way in which the children of those who had wealth could put money honestly into their enterprises.

Abraham Lincoln freed the slaves, Robert Lincoln bought a nice ski lodge.

I've had ample contact with lawyers, and I'm convinced that the only fortune they ever leave is their own.

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.

Romney was an excellent businessman with a strong record as a public servant - whereas Trump inherited wealth, went bankrupt more than once, created nothing of value, and had no governing record at all.

Contrary to Piketty’s rentier hypothesis, I don’t see anyone on the [Forbes 400 list of the wealthiest Americans] whose ancestors bought a great parcel of land in 1780 and have been accumulating family wealth by collecting rents ever since. In America, that old money is long gone - through instability, inflation, taxes, philanthropy, and spending.

The power of perpetuating our property in our families is one of the most valuable and interesting circumstances belonging to it, and that which tends most to the perpetuation of society itself. It makes our weakness subservient to our virtue; it grafts benevolence even upon avarice. The possession of family wealth and of the distinction which attends hereditary possessions (as most concerned in it,) are the natural securities for this transmission.

Let parents who hate their offspring rear them to hate labor, and to inherit riches; and before long they will be stung by every vice, racked by its poison, and damned by its penalty.

I'm a dad, and I no longer see a way for my kids to even inherit the money that I'm making, let alone go out there, have an idea, and create it in their own lifetime.

My family and I have been blessed with good fortune in the world of business. We've created quite a net worth. My children, two boys, have more money than they will ever need, and they aren't empire builders.

Until 1943 I received no stipend. I was able to support myself as my mother was the daughter of a relatively wealthy cotton manufacturer.

The transmission of our culture is as important as the transmission of wealth. Children are always watching us.

Wealth is a dangerous inheritance, unless the inheritor is trained to active benevolence.