How to Stay Rich in Europe: Inherit Money for 700 Years

How to Stay Rich in Europe: Inherit Money for 700 Years

The richest Florentine families in 1427 still are: New research shows Europe leads the world in inherited wealth. Lamberto Frescobaldi sets two wine glasses atop a wooden barrel in the spacious cellar of his company's winery in a 1,000-year-old castle not far from Florence. Uncorking a bottle of Nipozzano, he takes a sip and nods. The red that his family supplied to Michelangelo and Pope Leo X still tastes pretty darn good.

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