World [email protected]English • 1 year ago

Next generation of billionaires collect more wealth from inheritance than from work, says UBS

www.theguardian.com

cross-posted to:
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Next generation of billionaires collect more wealth from inheritance than from work, says UBS

www.theguardian.com

World [email protected]English • 1 year ago

cross-posted to:
[email protected]

Swiss bank favoured by super-rich says 1,000 billionaires are likely to pass on $5.2tn to their children over next 20 years

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Jeena
link
fedilink
English
58•1 year ago
I remember this study done:

“Today’s rich families in Florence, Italy, were rich 700 years ago”
https://www.vox.com/2016/5/18/11691818/barone-mocetti-florence
- hh93
  link
  fedilink
  English
  21•1 year ago
  The only German in the top 10 of the richest Germans that didn’t inherit that spot is the founder of Biontec - and while he did a great job there it’s just sheer luck that the pandemic hit when it did
- @[email protected]
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  fedilink
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  2•1 year ago
  B…but muh bootstraps???

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