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

www.theguardian.com

cross-posted to:
antiwork@lemmit.online

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

www.theguardian.com

Lee Duna 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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45•1 year ago
They make more money because they already have so much money. At those levels, the money makes itself.
- @interceder270@lemmy.world
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  8•1 year ago
  It’s like slavery with extra steps.

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