I do not believe it. Families rise and fall. It is very difficult for families to keep large fortunes over generations. New generations of old rich do not have the incentive that those seeking new wealth have.
Where was the Bill Gates, family in 1966? Nowhere.
Where was Steve Jobs’ family in 1966? Not to be found in the rich.
Where was Mark Zuckerbergs family? Certainly not in the super rich.
How about the Kennedys? Their dynasty is dissipating their wealth.
What about Donald Trump? He built his wealth in the last 50 years, for the most part.
It’s not like that. Have you heard of the Fondi? It’s like a private equity company that the family fortunes are part of. Think of it as a private bank. If a family dies then their fortune goes into the central Fondi. The other family fortunes are around it. If they need money for a new venture, like the Bank of England they take out 500 Billion dollars and everyone gets shares in the new venture.
The Rockefeller’s have been around for over 100 years and they are spread out through the CFR and Trilateral Commission and other organizations. If they die off then the heirs of daughters through marriage get their part.
In 1977 David Rockefeller set up a family trust with 990 Billion dollars. Obviously I don’t know the exact details but some of these families have been around for over a thousand years. Guelph (Queen Elizabeth II is a direct descendant, Agnelli, Frescobaldi, many names have been around since the 1100s and the Venetians.)
People like Jobs, Gates (whose father was director of Planned Parenthood, btw), Zuckerberg are small potatoes. Carroll Quigley was Bill Clinton’s mentor and PhD from Harvard and was shown there papers and studied them for 20 years. When he published the book they tried to squash it but in the late 70s it was reprinted. He is unimpeachable.