Richard Watts (author)
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Richard Watts is an American author, speaker, philanthropist, and legal counsel from Orange County, California. Variety Magazine calls Richard, “one of the nation’s leading experts on the issues of child entitlement and family wealth.”
Early Life and Education
Richard was born and raised in Michigan. Watts studied economics at the University of California at San Diego, was admitted to practice law in California in 1982, and is an alumnus of Harvard Business School.
Watts began his own legal and consulting firm in Orange County, Family Business Office, of which he is the founder and president. His practice focuses on assisting individuals and families by integrating into the their personal and business concerns and to overlay a structure of credibility and quality when interfacing with the family’s enterprises, existing professionals, and the public. Family Business Office assists clients in wealth management, tax and corporate matters, estate planning, and more.
As personal advisor and legal counsel to the super wealthy, Richard Watts spends his workdays within the castle walls of America's most successful families. Called on to guide his clients through some of the most intimate and difficult decisions they have to make, his primary passion is conveying the wisdoms of life through his practice, lectures and writings.
Richard began his writing career in 2012 with the publication of his first book Fables of Fortune: What Rich People Have That You Don’t Want. His second and most current novel, Entitlemania: How Not to Spoil Your Kids, and What to Do if You Have was published in 2017. After publishing his books, Watts became a speaker and contributor to national publications such as Forbes, Newsweek, The Huffington Post, Market Watch, NPR, Variety Magazine, The Washington Times, The Guardian, Money Magazine, OC Register, The Globe & Mail, and CNBC.
Watts has appeared on programs such as ABC, KTLA5 News, CBS Los Angeles, and multiple times on NPR. He has also been featured on multiple podcast episodes. Richard speaks internationally on the effects of wealth on parenting and the American family.
All proceeds from both Fables of Fortune and Entitlemania are donated to various charities supporting disadvantaged children. Richard Watts also donates to many local Christian organizations and supports their efforts to assist the less fortunate.
A resident of Laguna Beach, California, Richard’s passions include traveling with his wife, Debbie and family, traveling to exotic destinations, long board surfing at San Onofre, golfing at Santa Ana Country Club, swimming, skiing and snowboarding in the local mountains, piano, and music composition. He is the father of his three sons; Aaron (wife Rene), Todd (wife Stephanie), and Russell (wife Natalie), and has three granddaughters; Maclane, Lucy, and Chandler, and two grandsons; Bennett and Ford.
- Family Business Office. http://fbo.com/founder.html Founder Information Page. Retrieved 20 November, 2019.
- Family Business Office. http://fbo.com/index.html Website Main Page. Retrieved 20 November, 2019.
- Family Business Office. https://fbo.com/services.html Website Services Page. Retrieved 30 June, 2021.
- Entitlemania.com. http://entitlemania.com/fables.html Fables of Fortune Information Page. Retrieved on 20 November, 2019.
- Entitlemania.com http://entitlemania.com/entitlemania.html Entitlemania Book Information Page. Retrieved on 20 November, 2019.
- Watts, Richard. https://www.forbes.com/sites/nextavenue/2019/01/22/let-your-grown-children-find-their-own-way/?utm_source=followingimmediate&utm_medium=email&utm_campaign=20190122&fbclid=IwAR0SLZX0iOTDxuBfxVhEC20P4pcN3hrQ8n_ouOhC9wczTpKBSW_tJfXQjuI#3f4340da7077 Forbes. Retrieved 20 November, 2019.
- Fink, Jenni. https://www.newsweek.com/college-admission-scandal-bribe-donation-usc-1455924 Newsweek. Retrieved on 21 November, 2019.
- Watts, Richard. https://www.huffpost.com/entry/entitlemania-strengthening-the-american-family_b_58c96bfbe4b02c06957328fc The Huffington Post. Retrieved on 21 November, 2019.
- Watts, Richard. https://www.marketwatch.com/story/parents-stop-controlling-your-kids-lives-and-let-them-find-their-own-way-2019-02-04 Market Watch. Retrieved on 21 November, 2019.
- Tell Me More Show Michel Martin. https://www.npr.org/2012/05/08/152258879/can-mo-money-really-mean-mo-problems NPR. Retrieved on 21 November, 2019.
- Watts, Richard. https://variety.com/2016/biz/news/dontbelikethekardashians-1201899020/ Variety Magazine. Retrieved on 21 November, 2019.
- Woodson, Robert L.https://www.washingtontimes.com/news/2012/jun/21/book-review-fables-of-fortune/ The Washington Times. Retrieved on 21 November, 2019.
- Rowan, Anthea. https://www.theguardian.com/lifeandstyle/2017/sep/30/my-daughter-blew-through-1200-in-two-weeks-at-university The Guardian. Retrieved 21 November, 2019.
- Wile, Rob. http://money.com/money/4834570/entitled-kids-millennials-entitlemania-book/?utm_campaign=money&utm_source=twitter.com&utm_medium=social&xid=frommoney_soc_socialflow_twitter_money Money. Retrieved 21 November, 2019.
- Wyman, Blake. https://www.ocregister.com/2017/05/22/is-your-teen-to-entitled-local-author-writes-a-book-about-how-to-help/ OC Register. Retrieved 21 November, 2019.
- Scarrow, Katherine. https://www.theglobeandmail.com/globe-investor/personal-finance/household-finances/what-the-middle-class-can-learn-from-the-mistakes-of-the-super-rich/article610489/ The Globe & Mail. Retrieved on 21 November, 2019.
- Watts, Richard. https://www.cnbc.com/id/46808489 CNBC. Retrieved on 21 November, 2019.
- Cruz, Nancy. https://ktla.com/2017/04/21/entitlemania-how-not-to-spoil-your-kids-and-what-to-do-if-you-have/ KTLA5 News Live Interview. Retrieved 21 November, 2019.
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