There are no titles of nobility as in Europe, but astounding affluence is passed on in privileged families, and this makes all the difference.

【翻译】尽管不像在欧洲那样有着贵族（显赫）的头衔，但是，惊人的财富在特权家庭中传给了下一代，这是至关重要的。

【分析】这是一个表转折的并列句。

1. titles of nobility 贵族的头衔；显赫的头衔

2. astounding affluence 惊人的财富

3. pass on 传给下一代

4. make all the difference 关系重大；至关重要；大不相同。