5 wealthy families who lost their fortunes

2 min read

Imagine you’ve made a fortune worth many millions. Now, imagine that by the time your grandchildren become adults, it’s all gone. Seem unlikely?

In fact, any number of factors could contribute to a reversal of fortune, whether the downfall is swift and sudden or stretched out over 6 generations. The usual suspects include bad investments, too much debt and overindulgent spending. Meet 5 well-known rich families who suffered a reversal of fortune.

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