“New billionaire heirs overtake self-made ones as $5.2 trillion wealth transfer begins
December 11, 2023
“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…
“This is a theme we expect to see more of over the next 20 years as more than 1,000 billionaires pass an estimated $5.2 trillion to their children.”…”
https://www.cnn.com/2023/11/30/business/ubs-billionaires-report/index.html