Special report | A survey of the new rich
To have and to hold
Making the money is only half the battle. Hanging on to it can be a struggle too
|
THE Chinese have a saying, “Fu bu guo san dai,” or “Wealth never survives three generations.” America has its own version of this saying: “From shirtsleeves to shirtsleeves in three generations.” As with most old proverbs, there is a grain of truth to this—and the new rich are searching for ways to avoid history's curse.
This article appeared in the Special report section of the print edition under the headline “To have and to hold”
From the June 16th 2001 edition
Discover stories from this section and more in the list of contents
Explore the edition