What is the richest dog in the world?

Gunther IV Meet Gunther IV: The German Shepherd With A $375 Million Net Worth. Countess Korlotta Liebenstein had no children or close relatives, so she left her fortune to her dog, Gunther III. When Gunther III passed away, the fortune was passed on to his son, Gunther IV. Gunther is now the richest dog in the world.

willful.co - Eccentric Estates: World's Richest Dog - Willful

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Join us for Eccentric Estates as we cover famous and fascinating wills in history that will make estate planning a bit more… fun?

This week, we’re sharing the story of a will that set records for her dog. German Countess Korlotta Liebenstein died in 1992 and left her $65 million fortune to her German Shepherd Gunther III.

Meet Gunther IV: The German Shepherd With A $400+ Million Net Worth

Countess Korlotta Liebenstein had no children or close relatives, so she left her fortune to her dog, Gunther III. When Gunther III passed away, the fortune was passed on to his son, Gunther IV. Gunther is now the richest dog in the world. This German Shepherd lives a luxurious life in Germany.

Who Was In Charge Of Managing The Money?

You might have asked - how was a dog in charge of money? Good question! The human trustees were in charge of the money and were also responsible for investing it. They have done well with investing her money, turning the inheritance into roughly $375 million. Gunther’s money had been invested in mansions and villas around the world. Madonna even sold a mansion worth $29 million dollars to Gunther.

Where Is Gunther Now?

It seems that Gunther's inheritance has paid off. He's still living the lavish life with properties around the world, private yachts, and we imagine – lots of kibble. And he's making headlines again with a Netflix docuseries about Gunther and his life called Gunther's Millions. We're sure that we'll learn lots about Gunther's life and how his inheritance impacted his life and that of those around him.

What Can We Learn From Gunther??

It’s no surprise that people want to ensure their pets are cared for when they pass. However, only 7% of pet owners in Canada have made formal arrangements for their pets. Many of us believe that a family member or friend will step up to the plate and take the pet in. While this is true in many situations, it’s certainly not always the case. In fact, one of the top reasons pets end up in shelters is because owners haven’t accounted for who would care for them when they pass away. Countess Korlotta Liebenstein’s story highlights the importance of outlining your wishes. She made the informed decision to ensure her dog was cared for and listed her wishes about who she wanted to be in charge of her fortune. It paid off, since the $80 million fortune has now turned into well over $400 million. Keep in mind that in many countries, like Canada, you can't actually leave your assets to your pets. Pets are considered property, but you can still make a plan to be certain they're well cared for.

Make a plan for your pets

On Willful you can appoint a pet guardian to care for them and leave money for their care. We've made it easy to calculate how much to leave in your pet trust.

‍Try our Pet Trust calculator here →

You may not have $80 million to leave to your dog, but it's important to make a plan for your loved ones. Whether you choose to write your will by hand, use an online platform like Willful, or get help from a lawyer, a will is a key part in planning for you and your pet's future. Create your will online from the comfort of your home in as little as 20 minutes. Start your will for free today →

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cnbc.com - How much money you have to earn to be in the top 1% in every US state

Have you ever wondered how much money you need to make per year to crack the top 1% of earners in your state?

You might already make the cut in West Virginia if you have an annual income over $350,000, for instance. Other states have much higher thresholds to reach the top 1%. In Connecticut, you need to earn nearly $900,000. According to a recent study by personal finance website SmartAsset, an American family needed to earn $597,815 in 2021 to be in the top 1% nationally. SmartAsset used 2018 income data from the Internal Revenue Service and readjusted those figures to 2021 dollars using the Bureau of Labor Statistics' Consumer Price Index to account for inflation. In 2021, the top 1% earned more than twice the income of the top 5% nationwide. While the top 1% earned almost $600,000, you only needed to pull in $240,712 to crack the top 5% of U.S. earners, according to SmartAsset. But the bar for the highest income bracket varies from state to state. Check out how much you needed to make in 2021 to make it into the top 1% in your state. States are listed in descending order, starting with the state with the highest income threshold for the top 1%.

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