UBS: World's billionaires inherited $10B more than they earned in 2023
Headline from UPI
The world's billionaires inherited more assets and cash in the past 12 months than they earned from dealing, business and investment, Swiss banking giant UBS said Thursday.
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The world's billionaires inherited more assets and cash in the past 12 months than they earned from dealing, business and investment, Swiss banking giant UBS said Thursday.
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.
The number of billionaires rose 7% to 2,544 between April of 2022 and 2023, a new report from UBS shows, and many legacy entrepreneurs cite preparing heirs as one of their greatest challenges.
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
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UBS: World's billionaires inherited $10B more than they earned in 2023 | Since Then
