Gender Power and Property Relations Within Entrepreneurial Wealthy Families

Abstract

This article challenges the popular image of middle and upper class women as beneficiaries and consumers of wealth and correspondingly of men as the central agents in the creation of wealth. Rather this paper demonstrates that women are active in the generation of wealth, but are not given the recognition they deserve, and are increasingly marginalized in the management and ownership of wealth. In seeking to explain this, wealth formation will be identified as a process constituting three stages: wealth creation, wealth accumulation and wealth preservation, whereby gender relations underlined by patriarchal practices propel male kin to positions of power and influence whilst overshadowing female kin. Data for this paper have been drawn from the findings of a study of 70 rich families in one of the midland counties of England and includes industrial, commercial, landed and ‘old’ and ‘new’ wealth.

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