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These people inherited fortunes – then blew the lot

Lovemoney Logo By Daniel Coughlin of Lovemoney | Slide 1 of 29: Going from riches to rags, a shocking 70% of high net worth families lose their fortune by the second generation, according to wealth consultancy the Williams Group. Here are eight heirs with the reverse Midas touch who frittered away their inheritance money, which we've adjusted for inflation.

The spendthrift heirs who squandered millions

Going from riches to rags, a shocking 70% of high net worth families lose their fortune by the second generation, according to wealth consultancy the Williams Group. Here are eight heirs with the reverse Midas touch who frittered away their inheritance money, which we've adjusted for inflation.
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