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What the Richest People on Forbes List Teach Their Children

How to properly educate children? On the Internet, you can find thousands of books and articles with advice from super experienced parents. However, in addition to the tips of ordinary people, there are suggestions and advice from the richest people in the world on how to raise their children.

O awesome.club checked the list of richest people according to Forbes magazine to discover some data about certain habits and education of the heirs of the greatest fortunes and companies on the planet. Check it out right now and see how the approaches are quite varied.

1. The Rockefeller dynasty

One of the oldest traditions among billionaire families is Rockefeller gatherings. They take place twice a year and often have more than 100 people, who gather in a single room. At the meetings, people talk about many topics, but, above all, those related to the family business. The patriarch, John D. Rockefeller (1839-1947), an oil magnate, is considered the richest man in history, with the equivalent of 330 billion dollars in current values.

2. The Rothschilds

In this clan, a traditional European banking family (whose wealth dates back to the 18th century), traditions are quite serious. For example, only members can hold important posts in the business. However, they are never hired. Also, only men can really delve into the important decisions and they are the only direct heirs.

3. Marie Chantal, member of the Board of the Duty Free Shop group, and Paulo de Grecia, Crown Prince

4. Bill and Melinda Gates

“Melinda and I decided that instead of a huge amount of money, our children would get a good education, which would help them develop their abilities. They need to find out who they are, not rely on their parents’ billions of dollars,” Bill Gates, the legendary Microsoft founder and second richest man in the world (according to Forbes), said in an interview. The parents transfer all the money to the Bill and Melinda Gates Foundation, an organization that funds medical research and fights poverty.

5. Jeff Bezos, founder of Amazon, and his ex-wife, writer MacKenzie Bezos

The couple always wanted to help in the development of their children and themselves. The upbringing includes cooking with the kids, raising birds, studying math, learning Chinese and participating in sporting events with the neighbors. Bezos is now the richest man in the world, according to the Forbes ranking, and his fortune reaches 131 billion dollars.

6. Mark Zuckerberg, creator of Facebook, and Priscilla Chan

Mark Zuckerberg, founder of the most famous social network in the world and the eighth richest man on the planet, educates his children following the methods of their parents. He considers corporal punishment unacceptable because he believes it is always possible to explain what is right and what is wrong.

Zuckerberg teaches his children to behave with dignity and respect society’s norms. He and Priscilla also believe that harmony is key in raising a child. In addition, the couple considers it very important that the children do activities outside of school and have free time for fun.

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7. Amancio Ortega, president of the Spanish company Inditex (which controls the brands Zara, Massimo Dutti and others)

The Spaniard, who was once the richest man in the world and now occupies the “modest” sixth position, never had any doubts about the profession that his daughter, Marta, should follow. When she turned 18, Amancio recommended her to work as a saleswoman in a Bershka store (belonging to the group) in London. Then the young woman started working in the sales department of the group led by her father in Barcelona and, after studying aspects of the company’s operation, took over Inditex. Martha is the sole heir to this great empire.

8. Antoine Arnault, heir to LVMH and Natalia Vodiánova

The children of this wealthy couple are multilingual. Natalia’s 3 eldest heirs were born in the UK and speak English as their mother tongue. The couple’s youngest son, Maxim, was born in France and so has French as his native language. They all live in Paris and study at local schools, but that doesn’t stop them from understanding Russian, their mother tongue. The couple believes that it is very important for everyone to know how to speak the language of their father and mother. LVHM is a conglomerate of luxury brands that brings together, among other brands, Louis Vouitton, Bvlgari, Sephora, Tag Heuer and Moët & Chandon.

9. François-Henri Pinault, CEO of Kering (a group that controls brands such as Alexander McQueen, Balenciaga, Gucci and Puma), and Salma Hayek

10. Warren Buffett, legendary investor and biggest shareholder of Coca-Cola

Buffett, who was also once the world’s richest man (now he’s third, behind Bezos and Gates) believes it’s not right to make children do something they don’t want to do. He lets his son experience what he likes, to discover his true talent. Also, he never hid anything about his will. “They need to decide two things: whether they understand what they are studying and whether their decisions are fair.”

11. Larry Ellison, Founder of Oracle

“The sooner my children learn the advantages and disadvantages of having money, the better,” Lawrence “Larry” Ellison once told the author of the book software, Matthew Symonds, biography of the tech mogul. “Ellison hopes his children get used to managing large amounts of money at a very young age, while still respecting their parents’ advice. It’s like giving wine to a teenager. It is better for them to do it at home, with parental supervision”, says Matthew about the biographed.

What is your opinion about these different ways of raising children? If you had a lot of money, what example would you follow? Tell in the comments.

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