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FT Wealth: December

In this edition: Tina Barney’s pictures of rich families; meritocracy enters the aristocracy; sour grapes in Bordeaux; inside the Schlumberger family office; billionaires without wills

© Courtesy of Tina Barney and Kasmin, New York

Oil dynasty’s family office turns away from London
Bertrand Coste says business will be easier for Clerville, which manages money for the Schlumbergers, in the EU
Bordeaux’s en primeur system falters as weather hits wine quality
Châteaux have been reducing prices as global demand has cooled
Vanishing world of European high society is preserved in Tina Barney’s photographs
The artist’s pictures reflect tensions between generations in taste and values
Ex-execs go back to university
Harvard, Stanford and Notre Dame offer those in their early sixties a chance to find a social purpose
Meritocracy enters the aristocracy
The family that owns a historic house has decided to entrust it to the ablest member, not just the eldest son
Not planning for death can be an expensive business
Where there’s no will there’s no way to avoid causing postmortem trouble

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