World News@lemmy.worldEnglish · 2 years ago

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

www.theguardian.com

cross-posted to:
antiwork@lemmit.online

544

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 · 2 years 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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RGB3x3@lemmy.world
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2 years 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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  2 years ago
  It’s like slavery with extra steps.

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