His inherited wealth meant that he no longer needed to work for his living .
His inherited wealth meant that he no longer needed to work for his living .
Marconi inherited wealth. He was an inventor and businessman.
The phrase "old money" generally refers to inherited wealth. This is usually associated with established upper-class families who pass down their wealth through generations. If a person has "old money," it means they inherited their wealth from their family.
Fact
Toms wealth is known as "Old Money" which means he inherited it. Gatsby's is known as "New Money" which means he earned it.
He inherited his parents wealth after they were brutally murdered when Bruce Wayne was 10.
Not really, he inherited money from his father.
John Jacob Astor inherited much wealth but was also a patented inventor, a sci-fi author, and most importantly, a successful hotelier.
Paul McCartney's wealth will likely be inherited by his children, grandchildren, or other chosen beneficiaries named in his will. McCartney has been open about his estate planning efforts and is known for being proactive in ensuring his wealth is passed on as he wishes.
After his parents death, the boy would soon inherit his parent's fortune. The rich boy inherited lots of money after his parents died in a plane crash.
The question itself is a false premise since wealth is never "distributed," it is only earned (either by hard work or chance by lottery) or is inherited. There is no central planning office that controls wealth and distributes it. That cannot happen unless there is first confiscation and then it is "redistribution."