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Trends and Insights

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3 Dec 2023

Inherited Wealth Surpasses Self-Made Billionaires for First Time

A UBS report reveals in 2023, 53 heirs inherited $150.8 billion, surpassing the $140.7 billion earned by 84 self-made billionaires. Marking the first occasion when generational wealth outpaced entrepreneurial earnings amongst the world's billionaires, accounted by UBS, who represents half of them globally. [Source](