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Jonathan and Susan Gilbert, a married couple, are 77 and 75 respectively, and are both retired. They have 5 children and 13 grandchildren. Although the children are at different levels of financial success, none of them are struggling.
The Gilberts own more than $78M in real estate, which carries debt of approximately $53M, and provides cash flow of approximately $2M per year.
They also own 10% of a closely held business. Their share of the business is worth $70M, and the business produces approximately $10M per year in income.
The Gilberts also have cash and other liquid assets totaling about $25M giving them a total net worth of approximately $130M.
Two of their children, a daughter and a son, are involved in the business. They have done extremely well and have significant net worth of their own because of their 10% interest in the business.
The remaining three children, though not part of the business, are nevertheless in good financial condition. They each have a net worth in the $5-10M range.
Several years ago, one of the children faced a tough battle with cancer. Since then, Jonathan and Susan have been very interested in giving to cancer research, both through increased lifetime giving, as well as major gifts at their deaths.
Learn how their goals were met and what choices they made.
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