Sudden Wealth
Overview
Sudden wealth is not something that happens only to the young founders of a social network. It can happen to elderly couples who have spent their lives building a business. It can happen to a chief executive receiving multi-million dollar dividends or vested options, a middle class young man newly married into a family of wealth, a newly divorced woman, a 25-year-old whose trust payment has suddenly kicked in, and the middle-aged inheritor who now has more money than she ever dreamed about. This paper outlines how sudden wealth affects a wide variety of people and strategies to adapt to what will likely be a new way of life.