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January 14th, 2015

The Quintessential "Shirtsleeves-to-Shirtsleeves in Three Generations" Story

By Ron Nakamoto

This video tells the story of Cornelius Vanderbilt and his descendants. It corroborates Empowered Wealth's theory that wealth dissipates over three generations because a family becomes "bankrupt" in core OR experience OR contribution assets.

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The Vanderbilts – An American Dynasty
They were arguably the most powerful family in America. But the dynasty dissolved in a frenzy of excess, backbiting and sexual indiscretions. The Vanderbilts…

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