Posted on 11/25/2020 7:07:33 AM PST by Red Badger
Speaking of Eastwook, it took a while, but his sons appear to finally be breaking into show business-—just as the movie industry is collapsing.
“Unearned wealth can be a curse”
Every super succesful business I have seen where the kids take it over, nearly all go out of business or turn into a shell of it’s former self.
I have worked with companies bringing in $25 million in annual sales sell at auction 10 years after the son takes it over.
None of kids ever work the business as hard as their dad who started it from scratch.
I can name only a few who made the business better than their dad.
See my post #62
The masters of maintaining and increasing the multi-generational wealth were the Rothschilds. “Planet Rothschild” (two volumes) by MS King is a good summary of how they did it.
The first key was to pick one industry (in their case banking) and stick with it. Diversification is a disaster for such families—they need to be experts in their field and not get tempted to move outside their area of expertise.
The next key was to have lots of heirs and spread them around geographically—you do want to diversify political risk over generations.
The third key was to try to stay as low profile as possible—keep your specific holdings secret, use “front” or “straw” investors.
The fourth key was to try to gain monopoly control over your industry—in their case they created the concept of “central banks”, a weird public/private hybrid, to make that happen.
The fifth key was to control or at least influence media outlets through a combination of straw ownership and bribery.
A sixth key was to create non-profit “foundations” or “organizations” _not_ using your name but following objectives that you set. These are also helpful with tax issues.
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Even with all of that, the family still has many dingbats running around these days. The most prominent one is Lynn, the retard who thinks she is a “public policy expert” and was a running joke to the Democrat insiders. They take her money and then laugh at her—this was disclosed in the Podesta emails.
Unearned wealth can be a curse. So many depressed millionaires/billionaires with no point or purpose found in life.
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I would add sudden wealth can also be a curse (think lottery winners.
Or, he’s related to the Windsors.
52 year old being photographed in a wife beater?
Nobody ever grew the Getty fortune. I guess the best part of them ended up as a stain on the mattress.
Ha!!
My nephew married a woman from a family of inherited money. No one in her family had a business, job or even a serious hobby. Also a family full of misery. It was hard to even have a conversation with them, so many things they could not relate to.
The marriage didn’t last.
RIP.
That’s exactly how they should’ve resolved the series.
The menudo, I suspect.
More often than not, this is exactly what happens to young inheritors. My children won’t have this problem, and neither did I. They’ll have to make their own way, and they’re doing well at it so far.
A True Crime writer was actually the person who was doing the killings that he "solved". A fan sort of figured it out but got a hold of the wrong end of the stick (thought the writer was being lured to be the next victim) and ended up the latest victim.
Unearned wealth can be a curse. So many depressed millionaires/billionaires with no point or purpose found in life.
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Mark 8:36
For what shall it profit a man, if he shall gain the whole world, and lose his own soul?
Different company.................
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Yup... Getty Images was founded by Mark Getty and that would be a first cousin of John Gilbert (I think but it gets complicated because of the multiple marriages of John Paul Getty I).
Judging from the photo I would say drugs and alcohol.
With the money this family has they could do so much. Start a business, help others out instead of party party.
One the Getty boys was the victim of a famous kidnapping IIRC. Too lazy to look it up.
He had money and is dead. That is not newsworthy.
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