Comments by "Schnitzel_Stephan" (@stephans1990) on "Why Do Family Fortunes Disappear? - How Money Works" video.

The Dutch Government in recent years bought several high value paintings from the Rothshield family for our national art gallary for a total of over 100 million dollars. Paintings that were first just hanging in a person's bedroom in his secondary home in Paris. I would say this shows that they are not exactly short for money!
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@Gr3nadgr3gory true, I heard many of them just have several credit cards with their assets as collateral. Especially people who own a young, growing company may be millionaires on paper, but barely have a penny in the bank.
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@susettesantiago5509 The painting was "De vaandeldrager" by Rembrand and it was considered the last masterpiece of the painter that was not in the public domain. That was the reason the Dutch government bought it, to preserve a piece of Dutch heritage.
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