The report that was released recently by one of the biggest company indicates that those who are super rich do not want their kids to inherit them. Only a small fraction of them will have something left for the sake of their children.
The report also indicated that those who have $30 million or more would be the force to give out something to their kids this will also mean that a total of more than $3.9 trillion will be subjected for the sake of the next generation. Warren Buffett is among this tycoon who is giving out a small percentage of their wealth to their kids. He made this statement that most of his wealth will not be inherited by their kids.
The total amount that is being estimated and is supposed to be passed to their children is about $65.4 billion this is according to the information released by this group. Although the amount of money and investment that Buffett will pass to his kids is a little amount, it will put this child among those people who a rich in the world. Despite doing all this, it cannot match with the wealth and investment that their parents have.
Buffett is among the few tycoons that the globe has produce who at one time encourages his bellowers to invest in their children and have at least something that they can give to them in future. Due to this, he formed an organization that will enable those who are extremely rich to have something that can be passed and delivered to their upcoming generations.
The group started performing and became active in the year 2010 and by the time the report was being released in 2016 more than 154 people who are wealthy within the 16 counties have registered and joined this group. For now, these people are enjoying the important of this organization.