He says he's established a rule after many years of extended family coming to him for money.
I've been asked countless times about what to do when family members come looking for money.
For example, if a family member asks for $150,000 to start a restaurant, I'll give them a $50,000 gift that I never want back.
I do this because expecting a family member to pay you back is a real issue.
But if the family member tries to ask again, I remind them of our contract.
Persons:
Kevin O'Leary, he's, —, I've, it's, they're, I'm, It's, you've
Organizations:
Service