I would define generational wealth as something that is lasting and sustainable. I believe being into business is the way to go, it's not that easy though. What's important is learning how to be resilient, smart, developing management and financial skills, etc.
If wealth was attained through luck (i.e. lottery, bull market, being born rich) but the person isn't able to handle money well, then resources can easily be depleted.
Being successful in business can be one of the best ways to have a sustainable and lasting wealth, for sure. There are many factors to consider, both internal and external. I think it also depends on the person. How he or she can build and hold on to wealth long enough to pass it to the next generation. Good points you raised here. Thanks for dropping by. 😎 !PIZZA