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[quote=Anonymous][quote=Anonymous][quote=Anonymous]My old CEO made in 10 years I worked for him around 200 million. All four his kids went to state schools, took out loans, he lived in a split level in a 60 by 100 plot, shopped at kohls and drive a beat up minivan. He was donating and plans to donate 100 percent of his wealth to charity and leave zero inheritance. His kids will have less in inheritance than garbage man’s kids. Not all rich people want to leave generational wealth. They rather make a difference. In his case he refuses recognition so will never see him at a banquet or award thing or his name on building [/quote]

And some of us donate to charity and still leave some generational wealth.  Good if that's what he wants to do.  But I cannot imagine keeping some for kids/grandkids, along with gifting millions to our favorite local charities.

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My old boss his Dad was in a German Concentration Camp as a child. Barely survived. Came to America with nothing. My CEO originally went to school to be rabbi then decided to be come a college professor. He had two kids and wife became pregnant with twins and onr special needs. He needed more money than a non tenured professor salary at a CUNY college. He ended up being co-founder of a company that he sold for onr billion. His cut was 100 million. He stayed on at a five million salary and later company sold again and got another 50 million.

His special needs son he was worried after he ages out of services and they pass away who will care for him. He came up with idea if I buy single family 5 bedroom homes I could put four adult special need people, have a full time employee manage house and each house with no mortgage on a perpetual trust where occupants just cover expenses could go on forever.

He continues to invest his 200 million in his charity growing it, has got a lot of matching donations and his goal is to build 3,000 single family homes putting up 12,000 special needs adults. His wife and kids are all on Board. I worked for him for a decade. 
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