A massive transfer of wealth is gaining speed, as billionaires are increasingly padding their vast fortunes with inheritance rather
A massive transfer of wealth is gaining speed, as billionaires are increasingly padding their vast fortunes with inheritance rather than entrepreneurship, a study by Swiss banking giant UBS showed Thursday. Over recent decades, the number of billionaires has ballooned, with surging entrepreneurial activity within tech and other areas ushering fresh members into the super-wealthy club. […]
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