You could be right. Walton said the money was just a side-product of doing what he loved doing (running a business). He didn't need it in his day to day life. As far as the kids, there may not be a good ansswer. Like I said, Paris Hilton contributes nothing to her family or organization, other than wasting money. Too much too soon. Bill Gates seems to have the right idea: He says his kids will only get $5 million apiece when they reach adult age. That is certainly enough to live on and start an empire with, but how do you keep from spoiling them into useless dregs when you personally control such enormous capital? It's a very unique problem for the uber wealthy only.
The way her family raised her is the exact opposite of Sam Walton. They gave her a boatload of money, then basically let her run feral with no supervision, goals or influences. She didn't even finish high school, but had to go back and get her GED.
Either extreme is, IMO, a bad way to raise kids.
but how do you keep from spoiling them into useless dregs when you personally control such enormous capital? It's a very unique problem for the uber wealthy only.
LOL. I wish I had such problems.
But I get what you're saying. It's very easy for the children of the super-rich to become useless partiers.
I'm not sure that was a problem a century or so ago. The children of the super-rich back then might not have always continued their families' business and whatnot, but I get the impression that most of them did something productive, whether charity work, soldiering, science, politics etc.