In 90% of cases, the family fortune is squandered by the third generation. Here, New York City mansions built by the Vanderbilt family -- a classic example of wealth made and lost. Rags to riches ...

Perhaps the most famous example is the Vanderbilt family ... Yet the biggest reason family fortunes are squandered, experts say, is because the people who built the wealth do not pass along ...

Family wealth doesn't just disappear. It unravels. But the pattern isn't destiny. Follow these steps to preserve your money.

Some examples: timber, a business, or real estate. Excerpts taken from Family Fortunes by Bill and Will Bonner. Invest in undesirable real estate. "Old, rich families may own 'prestige properties ...

For a telling example of the adage "shirtsleeves to ... It affects 90 per cent of family fortunes, according to one study from the United States. In some cases, the money itself disappears ...

When Forbes began tracking global wealth in 1987, we lumped fortunes shared by nuclear families into one listing. The Walton family, for example. As we learned more about how various Walton family ...

in some cases lasting generations (and getting worse as the family tree spreads wider). Perhaps the most obvious example of how this hobbles a family firm is when the firm (and the family) tries to ...

The era of family fortunes, rooted in industries like oil ... flow management to scaling and asset protection planning. For example, a wealth manager with a client who is considering taking ...

But as older family members, often those who built the fortunes, face the reality of passing on their wealth – and often the businesses and other assets that underpin it – a new report reveals ...