In this article on &Simple, David takes a critical look at ‘rich lists’.
- Despite their purported acclaim, ‘rich lists’ present a number of limitations in accurately ranking individuals based on wealth.
- Along with other various issues, there is an oversight of important factors such as debt and liquidity in measuring wealth.
- For family offices looking to address dynamics amongst generations, centring a conversation around “family capital” might be useful, emphasising non-financial aspects of well-being that contribute to overall prosperity.
