The Blue Blooded Large Family Legacy

A family’s success in business creates strong bonds between partners and encourages them to maintain family relationships. In other words, working together towards the development of the family business – their source of wealth and social status – is what creates conditions for the family to keep up relationships in a wide kinship universe made up of all the descendants of the firm’s founder, and keeps them together as a large family. Kinship ties alone are not enough to create a family, but rather relatives must share a feeling of collective identity that unites them across generations. When the firm continues as a thriving concern with an excellent reputation and a large amount of profits, it contributes to keeping most of the founder’s descendants together in a common familial and economic project. The firm is then a legacy they all hold dear – even those who receive no direct financial dividends but only benefit indirectly from its social status – and promotes a sense of family with a shared common substance, which guarantees their continuity in time. The symbolic and economic dividends of the family business are subsequently a vital contribution to familial continuity and unity.”