Risks taken by rich ancestors (7)

I believe the answer is:

chances

'risks' is the definition.
('chance' can be a synonym of 'risk')

'taken by rich ancestors' is the wordplay.
'taken by' indicates a hidden word.
'CHANCES' is hidden within 'rich ancestors'.

(Other definitions for chances that I've seen before include "Opportunities or risks" , "Runs a risk" .)

I've seen this clue in The Telegraph.

Want a hint initially instead of a full solution? Install my app