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

PASS IT ON!: New billionaires getting rich via inheritance

A new wave of billionaires acquired more wealth through inheritance than entrepreneurship during the last year as a ‘great wealth transfer’ picks up steam, a new report by UBS found.

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.

Heirs outrank self-made billionaires: UBS study

Bringing Taiwan to the World and the World to Taiwan

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]