Inherited Wealth 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.

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.

We see that the richest property owners ... are precisely those who work the least or who do not work at all.

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.

Multiply your age times your realized pretax annual household income from all sources except inheritances. Divide by ten. This, less any inherited wealth, is what your net worth should be.

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.

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

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

I thank my dad for leaving me such a wonderful, wonderful heritage.

We hold the view that all men are created equal." Now, what did they mean by that? Did they mean, my friends, to say that all men were created equal and that that meant that any one man was born to inherit $10 billion and that another child was to be born to inherit nothing? Did that mean, my friends, that someone would come into this world without having had an opportunity, of course, to have hit one lick of work, should be born with more than it and all of its children and children's children could every dispose of, but that another one would have to be born into a life of starvation?

The wealth in many large estates has never been taxed because it is largely in the form of unrealized - therefore untaxed - capital gains.

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.

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.

A fellow oughtn't to let his family property go to pieces.

A lot of athletes are first-generation money.

In Singapore, there may be 50 old-money families, but you wouldn't know them to look at them.

I think I was born into an incredibly fortunate environment.

The - the early Rockefellers made their wealth from being in certain businesses and - and remained personally very wealthy. Tatas were different in the sense the future generations were not so wealthy. They - they were involved in the business, but most of the family wealth is put into trust, and the family did not, in fact, enjoy enormous wealth.

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

My great-great-grandfather, who made his money in the jute trade, had at one time 600 houses in London, and within three generations, the money was gone.

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.

In the Eisenhower era, when earnings over $400,000 were subject to 91 percent taxes and the world was a smaller place, you could count the truly wealthy on one hand: Getty, Dupont, Mellon, Rockefeller, though even those fortunes were being dispersed to children as the old robber barons died off.

I regard large inherited wealth as a misfortune, which merely serves to dull men's faculties. A man who possesses great wealth should, therefore, allow only a small portion to descend to his relatives. Even if he has children, I consider it a mistake to hand over to them considerable sums of money beyond what is necessary for their education. To do so merely encourages laziness and impedes the healthy development of the individual's capacity to make an independent position for himself.