Europe’s Old Money Mingles With Tech Startups


BERLIN—Old-money families in Europe are seeking new-technology investments as they look to bolster their financial returns and, increasingly, remake their companies.

Europe has a higher proportion of fortunes controlled by heirs, not innovators, than do the U.S. or Asia, according to a study from the Peterson Institute for International Economics. And many of those riches are tied to aging companies. Up to 80% of European family wealth is from one, typically illiquid asset, said Thomas Zellweger, a professor of management…

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