5 wealthy families who lost their fortunes


At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here’s an explanation for

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.

RATE SEARCH: If you’re weighing certificates of deposit, check out the CD rates today at Bankrate.com.