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I believe it’s not really true for Europe, at least regarding the most wealthy families [0].

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[0]: https://www.fa-mag.com/news/how-to-stay-rich-in-europe--inhe...



I don't see how that article suggests it's different in Europe.


It 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.




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