They also lost a number of their banks during WWII which really cost them.
You are right, as time goes by, families lose their fortunes. The heirs end up being playboys (or girls) and not really interested in growing the family fortune.
The one who seemed to really avoid that fate was the du Ponts.
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Yes, or as Bismarck said "The first generation earns the money, the second manages the assets, the third studies art history, and the fourth fully decays."
I have to take a look at the history of the du Ponts.