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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assassin_aragorn@lemmy.world
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1 year ago
It’s in generation 0’s (original wealth holder) interest as well. Massive inheritance like that ruins upbringing. After a few generations your family line is reduced to Musk and Trump. Nobody wants that.

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