thewealthnet

More billionaires now inherit wealth than create it, UBS finds

Katie Royals, 30/11/2023

Billionaires are now accumulating more wealth through inheritance than entrepreneurial activities, research from UBS has found.

This is the first time this has been the case in the nine years the Swiss bank has been producing the UBS Billionaire Ambitions Report.

Max Kunkel, managing director in the chief investment officer within global family and institutional wealth at UBS, told thewealthnet that this tre...


Continue reading this article...


Start a free trial now for access to breaking news and cutting edge analysis of the wealth management industry.







You are currently not logged in,
login to view the full article
start by clicking this button.





Need a subscription,
fill out the form here or
contact subs@thewealthnet.com