Money & Investing
Chamath Palihapitiya, Tim Cook and Kim Kardashian West are among the record-breaking 493 newcomers to the Forbes World's Billionairs list this year.
BRENDAN MCDERMID/REUTERS/NEWSCOM, ROY ROCHLIN/GETTY IMAGES, DIMITRIOS KAMBOURIS/GETTY IMAGES
A new billionaire every 17 hours: Here are the most notable newcomers on Forbes' 2021 World's Billionaires list.
Generational Wealth: Why do 70% of Families Lose Their Wealth in the 2nd Generation?
Generational wealth is an aspect of financial planning that is geared toward passing down stable, significant financial resources to future generations. But can anyone really teach wealth? If all it took was knowledge to become wealthy, then most business people, professors, financial planners and others would be very wealthy. The reason they’re not is because becoming wealthy requires a lot more than knowledge. It requires hard work, discipline, sacrifice and many other traits that are very hard to teach and pass on.