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Eight questions to Diana Chambers, coach of the ultra-rich

The 27th ranking edition Challenges of the 500 Professional Fortunes of France carries a lesson that the assiduous readers of our magazine have ended up integrating. Mainly, the fortune of the most prosperous continues to grow from year to year. Thus, in 2022, the entry ticket to appear at the 500th place in our ranking is 200 million euros – compared to 180 million in 2021. The number of billionaires this year stands at 122 – compared to 105 in 2021. The combined fortune of these 500 families exceeds 1,000 billion euros.

Read also500 Professional Fortunes of France: the milestone of 1,000 billion cumulative euros crossed

If the richest keep getting richer, their neuroses logically follow. Because money transforms individuals and their habits, creeps into family relationships, contaminates friendships… To the point that these developments become unmanageable and raise many questions within wealthy families. Without forgetting the existential doubts: is one loved for his quick wit or for his well-stocked wallet? How to master the subtle art of giving without looking like a big spender or, conversely, a harpagon? At the end of a dinner with friends, after the table has chosen wines at stratospheric prices, do you necessarily have to pick up the bill when all eyes are on you?

To uncover the complexities of these “problems of the rich”, Challenges spoke with what the British Times called, not without irony, “the shrink of the rich” Diana Chambers.

This Englishwoman based in Switzerland (naturally!), has no training in the matter. She prefers to define herself as a “wealth mentor”, “wealth mentor”, closer to the coach than to the therapist. But what she has is worth more than a diploma in the eyes of her clients. Diana Chambers has always belonged to this world of private jets and starred restaurants, first as the “daughter of” a wealthy English industrialist, then by inheriting a large fortune around forty years old. She claims this self-segregation to the tune of shared experience: “your sufferings, I have gone through them too”, she induces.

Because it was precisely on the occasion of a succession that tore her family apart and undermined her ties with her three sisters that Diana Chambers decided to leave her life as a business leader in the construction industry. Today, she says she educates fortunes about “the emotional intelligence of money, and its human dimension”. She recently published the text “Money Wisdom Unlocked” (untranslated) on these issues. Interview.

Challenges: Do the rich have problems that others don’t?

Diana Chambers: The problems encountered by my clients, the “ultra high net worth” (the ultra-rich, editor’s note), are problems that we all experience. Whoever we are, our financial behavior is rooted in a form of suffering. It’s not specific to money, but it is like that: money codes, wrongly, one of the ways in which love is expressed. As a result, our relationship to money and the way we use it becomes a reflection of many traumas. These can be those that one has experienced oneself, such as the feeling of not having been loved, of having lived in financial or emotional need, or even the loss or absence of loved ones. . There are also traumas that we inherit from our parents, stemming from their own history; or society-wide traumas – such as colonialism or racism. Only, when you have a lot of money so that you represent an exception within society – just like when you have very little – these traumas take on another dimension.

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