Can you really make your money last through generations?
This was just one of the questions tackled and answered through Wealth
Management 101 organized by the Network for Enterprising Women (NEW) last
January 25, 2017 at Fully Booked, Bonifacio High Street, Taguig City.
Richard Gan, an entrepreneur and one of the founders of
Wealth Academy was the day's esteemed speaker. During the seminar, he made a comparison
between two billionaire families in the late 19th century which are the
Vanderbilts and the Rockefellers.
The Vanderbilts were considered as the wealthiest family
in America in 1800s. Their business started with shipping and railroads that
soon expanded into various other areas of industry and philanthropy.They also
went on to build great mansions and luxurious summer cottages. Their prominence
lasted until the mid-20th century when their family's great possessions were
torn down and were sold to museums. On the other hand, the Rockefellers whose
humble beginnings started from oil business were able to retain their success
and wealth up to this date. This family was able to keep a system of protecting
their assets for generations, the kind which Gan introduced to all the
participants during the half day event.
