John Major Quotes

When vastly wealthy people say, 'I'm not leaving my kids any money,' it's typically not true.

I got a lot of money, but when you wealthy, that mean that your children is ballin', your grandchildren is ballin'.

As a first-generation inheritor, the first mandate is to preserve our family wealth and hopefully increase it.

Rich men's sons are seldom rich men's fathers.

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.

Some people want to amass a great amount of wealth and make a great looking obituary. I'm going to die with more money than is good to leave my son.

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.

I'm thinking of a legacy that I can be proud of and wealth that my grandchildren can use to go to college. So world domination - in terms of providing for my family - is absolutely my goal.

The death tax punishes the American dream - making it virtually impossible for the average American family to build wealth across generations.

I want to have generational money.

Our society has a mentality that elderly people pass on their wealth to their son or immediate relatives, and I think we all do it. It's a part of nature and is an exaggerated topic.

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.

Why should men leave great fortunes to their children? If this is done from affection, is it not misguided affection? Observation teaches that, generally speaking, it is not well for the children that they should be so burdened.

My grandfather... saw where inherited wealth ruined people. And my grandfather was right.

Fortunes are made, and disappear, over the lifetime of a single generation. Today, a person in essence takes his wealth from society just for the duration of his or her lifetime. The next generation has to create it anew.

It is better to live rich than to die rich.

The truth is that my grandfather was quite wealthy, a shipbuilder.

No, I never thought about my father's money as my money.

Any man who has $10,000 left when he dies is a failure.

We all know far too many stories where the third generation just destroys everything that the first two have built up, and I certainly hope my family are different because I've worked too hard and my father has worked too hard for it to be given away.

I spoil my children rotten and hope to leave them enough so they can do the same to theirs.

The money doesn't really matter. I've been a multi-millionaire for a long time. My sons are rich.

And those are the Rich, who transmit what they have to their Posterity; whereby particular Families become rich; and of such are compounded Cities, Countries, Nations, etc.

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.

7 percent of inheritors get two-thirds of all the wealth transfers..