They have control of their lives; they do as they please with them, he said.
Sullivan defined the super wealthy as people who have enough money to decide what they want to do for the rest of their lives. Sullivan put John Huntsman Sr., the billionaire businessman and philanthropist, in that category, as well as his aunt, a retired teacher.
“She made every right decision to save and invest she can devote herself to volunteer work and take a vacation each year. She can take her kids to Disneyland,” he said.
Huntsman’s philanthropic giving exceeds $1 billion, for causes including cancer research, programs at various universities and aid to Armenia.
Huntsman has plenty of money to pursue his interests, which includes helping put the children of low or moderate income through college as well as other causes, Sullivan said.
“This delights him,” Sullivan said.