The Rockefeller family told how to raise children so that they become even richer

Among the famous families, the Rockefellers occupy a special place, the surname has become associated with wealth. However, few people know what exactly was at the heart of the financial empire. The head of Rockefeller & Co. David Rockefeller Jr. spoke about the system of values and traditions that helped his family to raise children properly and increase their wealth.

Source: CNBC

David Rockefeller Jr., one of the descendants of the first dollar billionaire in the history of John Rockefeller and chairman of Rockefeller & Co., revealed the secret of how to raise children rich. In his opinion, these tips will be useful for people with average material wealth.

David Rockefeller Jr. speaks at a meeting of the Philanthropists Club in Washington in 2013

John Rockefeller founded the Standard Oil company, which enriched his family, in 1870. Almost a century and a half has passed, and the descendants of Rockefeller have managed to preserve their capital. The heirs of this family today are 170 people, whose fortune Forbes estimates at $ 11 billion.

The Rockefeller family at the very beginning of the XX century

According to David Rockefeller Jr., this became possible due to the observance of several principles in the family.

1. Family meetings

Regular meetings of the Rockefellers are one of the mandatory rules that both old and young representatives of a huge family adhere to.

He also explained that the Rockefellers have a tradition of holding so-called forums in which all family members over the age of 21 participate. At these events, significant issues are discussed, including from the business sphere.

2. Family history

David Rockefeller says how important it is to maintain a family history. According to him, he can still go to the estate where his great-grandfather lived with his children.

3. The absence of a single family monopoly

An important factor in the success of Rockefeller called the absence of such a phenomenon as a family company. In 1911, the U.S. government demanded that the oil monopoly be divided into smaller firms. The decision not only contributed to the growth of the Rockefellers' well-being, but also allowed the family not to quarrel over business.

4. Charity

According to David Rockefeller Jr., a key factor in the success of the family was the fact that the importance of philanthropy was explained to children from an early age. He himself made his first donation at the age of 10. The family's various charitable foundations, such as the Rockefeller Foundation, Rockefeller Brothers Fund and David Rockefeller Fund, have a total of five billion dollars at their disposal.