Lee Duna@lemmy.nz to

World News@lemmy.worldEnglish · 1 year ago

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

www.theguardian.com

cross-posted to:
antiwork@lemmit.online

534

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

www.theguardian.com

Lee Duna@lemmy.nz to

World News@lemmy.worldEnglish · 1 year ago

cross-posted to:
antiwork@lemmit.online

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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1 year ago
Seriously. They have a multi-generational culture of hoarding as much wealth as possible.

It would be an embarrassment if any of their offspring lost their wealth considering how many safeguards are put in place to protect it.

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