A real estate tycoon talks about the 'tough balancing act' of raising kids as a billionaire
Briefly

Jeff Greene, a billionaire real estate developer, believes wealthy parents should not enable their children to have a luxurious lifestyle without effort. He suggests that if his sons desire a private jet or mansion, they must achieve it independently. Greene acknowledges that while affluent children have advantages, they also face skepticism regarding their accomplishments. He emphasizes the importance of striving for meaningful lives and believes aiding others is more rewarding than merely accumulating wealth. Greene takes pride in being self-made, contrasting his journey with his children's experiences.
"If my kid wants to have a private jet, or a yacht, or a big mansion, and live the way I live, they're going to have to figure it out on their own."
"I started with nothing, I did it all on my own," Greene said, adding that he takes great pride in being self-made. "I've taken that away from them," he said of his children.
Greene hopes that his kids have "meaningful lives." He wants to teach his children that making money is a fraction as rewarding as helping others.
"You can only eat so much food, you can only sleep in one bed a night, you can only drive so many cars."
Read at Business Insider
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