Many of us are aware of lottery winners, rock stars, and other artists and “lucky” individuals who make a ton of money quickly and then burn through it all. But that’s new money. What about old money? Did you know that, according to the Williams Group wealth consultancy 70% of wealthy families lose their wealth by the second generation, and a stunning 90% by the third?
Our daf tells the story of a fabulously wealthy rabbi’s daughter, and her fortune’s misfortune.
Rav Yehuda said that Rav said: There was an incident involving the daughter of Nakdimon ben Guryon. When the Sages designated for her four hundred gold coins for her account of perfumes, from her late husband’s estate, for use on that same day, she blessed them and said to them: This is how you should also pledge for your own daughters, and they answered after her: Amen.
So, we see this daughter of a fabulously wealthy rabbi is now a widow whose perfume allowance is extravagant!
The Gemara relates what later became of her: The Sages taught: There was an incident involving Rabban Yoḥanan ben Zakkai. When he was riding on a donkey and leaving Jerusalem, and his students were walking after him to learn from him, he saw a certain young woman who was gathering barley from among the dung of the animals of Arabs. She was so poor that she subsisted on the undigested barley within the dung. When she saw him, she wrapped herself in her hair, as she had nothing else with which to cover herself, and stood before him.
Just pause to think about how humiliating this is. A woman with uncovered hair covered in dung, starving.
She said to him: My teacher, sustain me. He did not recognize her, so he said to her: My daughter, who are you? She said to him: I am the daughter of Nakdimon ben Guryon.
The plot thickens! This is not just an ordinary woman – it’s a once ludicrously wealthy woman!
He said to her: My daughter, the money of your father’s household, where did it go? How did you become so poor? She said to him: My teacher, is it not that they say such a proverb in Jerusalem: Salt for money is lacking [ḥaser]? There is nothing with which to preserve it and prevent it from being lost.
Love this expression. Salt preserves meat and makes it last, but money doesn’t last forever. But then we get an even better metaphor for salt:
And some say the proverb asserts that kindness [ḥesed] is salt for money, i.e., using money for acts of kindness preserves it. He continued to ask her: And the money of your father-in-law’s house, which was used properly, for benevolent acts, where is it? She said to him: This one came and destroyed that one; all the money was combined from her father’s house and her father-in-law’s, and it was all lost together.
So, this hints at something we shall soon see – that really the only way to make sure we hold onto wealth is to give it away to those in need. Tzedakah preserves wealth.
She said to him: My teacher, do you remember when you signed on my marriage contract? He said to his students: I remember that when I signed on the marriage contract of this woman, and I read in it, it listed a thousand thousands, i.e., one million gold dinars as a dowry from her father’s house, aside from that which was promised her from her father-in-law. Rabban Yoḥanan ben Zakkai cried and said: How fortunate are you, Israel, for when Israel performs the will of the Omnipresent, no nation or tongue can rule over them; and when Israel does not perform the will of the Omnipresent, He delivers them into the hand of a lowly nation. Not only are they delivered into the hand of a lowly nation, but even into the hand of the animals of a lowly nation, as in the pitiful instance of Nakdimon’s daughter digging through donkey dung.
The recorded incident implies that Nakdimon lost all of his wealth after having failed to use it for acts of kindness. Is that true? Let’s read just a bit farther.
The Gemara asks: And did not Nakdimon ben Guryon perform charity? Isn’t it taught in a baraita: They said about Nakdimon ben Guryon that when he would leave his home to go to the study hall, there were fine woolen garments his attendants would spread underneath him to walk on, and with his blessing, the poor would come and fold them up from behind him for themselves? Clearly he gave abundant charity.
Okay, let’s pause. This is how he gives? Talk about rolling out the red carpet! This guy walks on fine woolen blankets and his form of “giving” is leaving them on the ground for the poor to pick up? Ugh. Talk about a lack of dignity. His giving is really just a consequence of his bravado/megalomania.
The Gemara offers two possible explanations: If you wish, say that he acted that way for his own honor, to demonstrate that he considered the exorbitant expense trivial. And if you wish, say that as he should have done, he did not do. As people say, according to the camel is the burden.
I love this as well! The stronger the camel, the heavier the load it must bear. Even if he gave altruistically, Nakdimon ben Guryon did not give as much as he was expected to give. This guy was (or could have been) the Bill Gates of his time. He has ample wealth and he could have given more than he did.
Three gems: give for the glory of others, not yourself; and if you have more give more; don’t save it all for your family – the only way to ensure money lasts is by being generous.