US EditionNew 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.
26 Articles
26 Articles
UBS: miljardärid teenivad rohkem pärandi kui enda pingutustega
Šveitsi panga UBS aruande järgi kasvas miljardäride arv maailmas sel aastal 168 võrra, kusjuures pärimise teel miljardäriks saanud isikud teenisid rohkem kui investeeringute ja äritegevuse kaudu ennast ise miljardärideks üles töötanud ettevõtjad.
Gilded age for billionaire offspring as $5.2 trillion wealth transfer accelerates
The Swiss bank UBS released a report Thursday showing that a massive transfer of wealth from billionaire business founders to their heirs is underway and accelerating, with trillions of dollars in assets moving from those who accumulated fortunes through entrepreneurship to family members whose vast riches are owed to the simple accident of birth.In the 12-month period between April 2022 and April 2023, newly created billionaires acquired more w…
Gilded Age for Billionaire Offspring as $5.2 Trillion Wealth Transfer Accelerates
"Without robust wealth and inheritance taxes," said one analyst, "the children and grandchildren of today's billionaires will dominate our future politics, economy, culture, and philanthropy."
A study shows that the number of Erb billionaires is growing worldwide. And for the first time since the start of the survey, the new billionaires have acquired more wealth through inheritance than through entrepreneurship. [more]
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