TIL insiders call the British monarchy the Firmhttps://www.nytimes.com/2019/12/01/world/europe/prince-charles-andrew-queen.html?action=click&module=Top%20Stories&pgtype=Homepage …
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Damn. “Some of the oldest families have survived in the rudest financial health. In one analysis, the aristocratic descendants of the Plantagenet kings were worth £4bn in 2001, owning 700,000 acres, and 42 of them were members of the Lords up to 1999”
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This has to count as the greatest heist in history. Plantegenet’s r2 instead of Ocean’s 11.
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a lot of the private lands are accessible to the public because they're huge estates that are mostly empty
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Yikes
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I’m not the economics historian you want but property ownership—chiefly, real estate—used to be the major way the wealthy stayed that way. The industrial revolution created a new cluster of opportunity but many of the aristocracy didn’t turn the corner
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the history of landholdings in Britain is fascinating. Many of the upper classes are descendants of those listed in the Domesday Book (the Norman Conquest was pretty thorough) https://en.wikipedia.org/wiki/Domesday_Book …
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“According to a 2010 report for Country Life, a third of Britain’s land still belongs to the aristocracy... lists of major aristocratic landowners in 1872 and in 2001 remain remarkably similar.”