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I believe it’s not really true for Europe, at least regarding the most wealthy families [0]. ——— [0]: https://www.fa-mag.com/news/how-to-stay-rich-in-europe--
by wsc981 4y ago
I believe it’s not really true for Europe, at least regarding the most wealthy families [0].
———
[0]: https://www.fa-mag.com/news/how-to-stay-rich-in-europe--inherit-money-for-700-years-28671.html https://www.fa-mag.com/news/how-to-stay-rich-in-europe--inhe...
- toolz 4y agoI don't see how that article suggests it's different in Europe.
- erwincoumans 4y agoIt is an interesting Chinese proverb! >> Maintaining inherited wealth has worked for generations of Frescobaldis over 700 years The article gives a counter example (wealth passed 700 years is way over 3 generations), and tries to argue that this example is more than just an outlier? >> heirs and heiresses make up about half of Western Europe’s billionaires.