As the old adage goes, money just can’t buy happiness. However, wouldn’t you rather cry in a Rolls-Royce than laugh on a bike? A kind of evidence.

However, according to Clay Cockrell – a psychotherapist for the extremely wealthy who wrote an op-ed for The Guardian – the super-rich are miserable.

If you’re like me, you’ve rolled your eyes and have little to no sympathy for billionaires who feel unhappy; Surely their struggles are not comparable to those of the poor?

Well, Cockrell specifically addresses us for a moment:

“There is a perception that money can make you immune to mental health issues when in reality I believe wealth can make you – and the people closest to you – much more likely to be there. .”

clay rooster

He then goes on to explain what makes wealthy elites so damn depressed. Not being able to trust anyone is a great cause. Cockrell asks the questions: “How would it be if you couldn’t trust your loved ones?” Or if you looked at a new person in your life with deep suspicion? and then reveals that this is a challenge that the super-rich regularly face.

Cockrell says Succession is a fairly accurate representation of what the children of extremely wealthy people look like. Image credit: Warner Bros. Television Distribution

Cockrell also details that once billionaires reach a certain level of success, they obviously take a step back from their business, but then become sorry because they no longer have a purpose in life. Cockrell says his “clients are often bored with life” due to a “lack of meaning and ambition”.

He then discusses the children of the rich, who are incredibly spoiled by their wealthy parents, tend to suffer from insecurities and low self-esteem issues.

“An overly spoiled child turns into an entitled adult who has low self-confidence, low self-esteem and a complete lack of courage.”

clay rooster

Cockrell also explores why super-rich offspring often lack human connection and treat others terribly because to them it’s the norm; that’s what they learned, that’s good. He even thinks the Roy children (fictional characters born into a billion-dollar empire) on the popular Succession TV series are a true portrayal.

Cockrell ends his op-ed by stating that he grew to have empathy for the super-rich and says, “For someone who has worked with them, I know their challenges are real and profound.”

I for one am still a little apathetic and can only hope that Cockrell encourages its clients to share their wealth with those less fortunate as I believe it would help everyone.

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