Secret Fears of the Super-Rich
The survey offers lessons for the rest of us as well. Bob Kenny says it buttresses the observation he’s been making about the super-rich for years: that their wealth isn’t always worthy of envy, and is certainly not worth sacrificing one’s life to attain. “If we can get people just a little bit more informed, so they know that getting the $20 million or $200 million won’t necessarily bring them all that they’d hoped for, then maybe they’d concentrate instead on things that would make the world a better place and could help to make them truly happy,” Kenny says. “Don’t work too hard for money, because it isn’t going to get you much if you ignore everything else.”
Fascinating companion piece to the GQ article about income inequality in America.
Regardless of the sources of their wealth, one thing the rich have in common is a severe allergy to discussing their dilemmas in public.
Those who earned their wealth worry less about their self-worth than the inheritors.
But unlike the inheritors, they have to contend with a major life transition, from the workaday world to a world where work is voluntary. Some friends disappear, and others—perhaps attracted by the newfound wealth—appear. There’s even a subcategory of almost accidental earners, who signed on with the right company at the right time and received stock-option windfalls (“sudden-wealth syndrome,” as it’s sometimes called). Such wealth can feel almost like an inheritance, except that in these cases it’s less a matter of lucky sperm than of a lucky job choice.
Wealth undermines both love and work:
“ONE OF THE SADDEST PHRASES I’ve heard,” Kenny says of his time counseling the wealthy, is when the heir to a fortune is told, “‘Honey, you’re never going to have to work.’”
Wealth isn’t always worthy of envy, and is certainly not worth sacrificing one’s life to attain:
“If we can get people just a little bit more informed, so they know that getting the $20 million or $200 million won’t necessarily bring them all that they’d hoped for, then maybe they’d concentrate instead on things that would make the world a better place and could help to make them truly happy,” Kenny says. “Don’t work too hard for money, because it isn’t going to get you much if you ignore everything else.”
Very thoughtful.