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New members of the global super-rich gained more of their assets through inheritance than through wealth creation this year — the first time that this has been recorded by Swiss bank UBS in its nine years of surveying global billionaires.
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“The heirs to billionaires are gaining prominence. New billionaires minted during this year’s study period accumulated more wealth through inheritance than entrepreneurship. That’s a theme we expect to see more of over the next 20 to 30 years, as more than 1,000 billionaires pass an estimated $5.2tn to their children.”
https://www.ft.com/content/3944234e-e3b4-46fa-8c2f-cadec780ecb4?shareType=nongift
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