4 ms·
> I'm curious what the statistics are for a family remaining wealth over a long period of time. I don't have statistics, but a fun factoid is that the Grosveno
by jackcosgrove 6y ago
> I'm curious what the statistics are for a family remaining wealth over a long period of time.
I don't have statistics, but a fun factoid is that the Grosvenor family, who own many properties in the west end of London, were originally granted those properties because the grantee was the grand-nephew of William the Conqueror. So wealth can last a long time. For those families who are luckiest and canniest, the only major threat is social breakdown as a result of revolution or being conquered.
> Even with wealth evenly split between each generations kids
This is why primogeniture and entailments were invented. They were necessary to maintain dynastic wealth. In cultures where partible inheritance is more common, such as the US, dynastic wealth has a much shorter half-life.
- tathougies 6y agoFamilial wealth disperses much quicker in the United States than other countries. Comparing modern american economics to the descendants of william the conqueror in feudal pre capitalist society with an entrenched aristocracy is disingenuous. You cannot seriously use that as an example of why wealth will last in american families like that.