“Let me tell you about the very rich. They are different from you and me.” F. Scott Fitzgerald could have added that they are also generationally different from each other.

For the first time in the history of UBS Group AG’s annual study of billionaires, new billionaires accumulated more wealth through inheritance than entrepreneurship: Some $151 billion was inherited by 53 heirs in the year to April 6, versus the $141 billion in fortunes of 84 new self-made billionaires.

QOSHE - Billionaire Heirs Have a How-to-Spend-It Problem - Chris Hughes
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Billionaire Heirs Have a How-to-Spend-It Problem

11 1
30.11.2023

“Let me tell you about the very rich. They are different from you and me.” F. Scott Fitzgerald could have added that........

© Bloomberg

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