The expression «noblesse oblige» is a universal elucidation. But what exactly is meant by that?
«Wealth constitutes responsibility», as the English way of saying it, expresses that a fortune, once accumulated, must be cared for and those values that can lay the cornerstone for its long-term preservation must be specified and documented – because for wealth to be safeguarded over the long term, a solid foundation is a must. In other words:
- clear visions and objectives;
- values that provide orientation and direction;
- agreements that are put down in writing; and
- appropriate structuring and protective instruments.
This evinces a strong sense of responsibility, on one hand towards the generations to come and, on the other, towards society as a whole – because contrary to general perception, private wealth doesn’t just serve private purposes; it also makes a decisive contribution to the common wealth.