Wealthy children don’t grow into the best leaders: Study


Children of wealthy families are prone to high levels of narcissism, which can make them less effective leaders when they grow up, a new study has found.


The results, published Monday in the Harvard Business Review, found that leaders who grew up in wealthier households had greater levels of self-importance, and lower levels of empathy for others.


“We found that parental income is significantly related to adult levels of narcissism, a trait characterized by grandiose self-views, impulsive tendencies and low empathy,” said the study, written by Sean R. Martin, Stephane Cote and Col. Todd Woodruff. 


Robert Frank