Published 11/30/2023 9:44:00 a.m.

New billionaire heirs overtake self-made ones as $5.2 trillion wealth transfer begins

In the past year, a new generation of billionaires acquired more wealth through inheritance than entrepreneurship, as the "great wealth transfer" gains momentum.
53 heirs inherited a total of $150.8 billion, surpassing the $140.7 billion earned by 84 self-made billionaires. This trend is expected to continue, with an estimated $5.2 trillion in wealth transferring to the next generation in the next 20 to 30 years.
Billionaire heirs are increasingly investing in sectors such as clean energy and artificial intelligence, showing a focus on major global challenges and opportunities.

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Reuters

UBS sees shift in new billionaires away from entrepreneurs to inherited wealth

Billionaires increased in numbers and overall wealth last year, Swiss bank UBS said on Thursday, with the fortunes inherited by the newly-minted super-rich exceeding cash generated by self-made billionaires for the first time in years.

11/30/2023 8:19:05 a.m.·United Kingdom

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CNN

New billionaire heirs overtake self-made ones as $5.2 trillion wealth transfer begins

Billionaires minted in the latest year accumulated more wealth through inheritance than entrepreneurship for the first time since UBS started tracking the fortunes of the world’s richest almost a decade ago.

11/30/2023 8:04:40 a.m.·Atlanta, United States

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KRDO

New billionaire heirs overtake self-made ones as $5.2 trillion wealth transfer begins

By Hanna Ziady, CNN London (CNN) — Billionaires minted in the latest year accumulated more wealth through inheritance than entrepreneurship for the first time since UBS started tracking the fortunes of the world’s richest almost a decade ago. And billionaire heirs are more likely than their parents to focus on the major opportunities and challenges facing the global economy, investing in sectors such as clean energy and artificial intelligence, …

11/30/2023 12:36:57 p.m.·Colorado Springs, United States

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Globo

New billionaires inherited more wealth than they created, says UBS

A report shows that, although those who became rich on their own are the majority among the new billionaires, they accumulated “only” US$ 140.7 billion, while the heirs raised US$ 150.8 billion

11/30/2023 3:19:29 p.m.·Brazil

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CNBC

New billionaires getting rich via inheritance rather than entrepreneurship in 'great wealth transfer'

"The great wealth transfer" is picking up steam as billionaires are acquiring more wealth through inheritance than entreprenuership

11/30/2023 3:28:29 p.m.·United States

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KVIA

New billionaire heirs overtake self-made ones as $5.2 trillion wealth transfer begins

CNN By Hanna Ziady, CNN London (CNN) — Billionaires minted in the latest year accumulated more wealth through inheritance than entrepreneurship for the first time since UBS started tracking the fortunes of the world’s richest almost a decade ago. And billionaire heirs are more likely than their parents to focus on the major opportunities and challenges facing the global economy, investing in sectors such as clean energy and artificial intelligen…

11/30/2023 12:36:57 p.m.·Panama City, United States

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Leaning Left9Leaning Right3Center9Last Updated11/30/2023 11:54:30 p.m.Bias Distribution

43% Left, 43% Center

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43% of the sources lean Left, 43% of the sources are Center

43% Center

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New billionaire heirs overtake self-made ones as $5.2 trillion wealth transfer begins

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UBS sees shift in new billionaires away from entrepreneurs to inherited wealth

UBS sees shift in new billionaires away from entrepreneurs to inherited wealth

New billionaire heirs overtake self-made ones as $5.2 trillion wealth transfer begins

New billionaire heirs overtake self-made ones as $5.2 trillion wealth transfer begins

New billionaire heirs overtake self-made ones as $5.2 trillion wealth transfer begins

New billionaire heirs overtake self-made ones as $5.2 trillion wealth transfer begins

New billionaires inherited more wealth than they created, says UBS

New billionaires inherited more wealth than they created, says UBS

New billionaires getting rich via inheritance rather than entrepreneurship in 'great wealth transfer'

New billionaires getting rich via inheritance rather than entrepreneurship in 'great wealth transfer'

New billionaire heirs overtake self-made ones as $5.2 trillion wealth transfer begins

New billionaire heirs overtake self-made ones as $5.2 trillion wealth transfer begins

Coverage Details

Bias Distribution

Ownership

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