I started a networking group for millionaires. The No. 1 worry probably isn't how to stay rich - it's how not to screw up your kids.
Briefly

Michael W. Sonnenfeldt founded TIGER 21 to create a network for high-net-worth individuals focusing on wealth preservation and legacy. After achieving success in real estate, he experienced a setback that highlighted the importance of managing wealth responsibly. Since its inception in 1999, TIGER 21 has grown to nearly 1,600 members, each with a minimum net worth of $20 million. Members share insights on investment strategies while addressing personal concerns about their children's financial future, aiming to ensure their success without undue influence from their wealth.
I wanted to learn from other smart people about how they were grappling with wealth preservation.
The biggest concern members have is probably how to not screw up their kids.
Read at Business Insider
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