January 17 2024- The article reports that in the years 2022 and 2023, 137 new billionaires emerged worldwide, and a study by UBS reveals that a significant portion, about 38.6%, of these individuals owe their wealth to family inheritance. The UBS Billionaire Ambitions Report for 2023 discloses that these new billionaires, during the specified period, accumulated a total wealth of $291.5 billion.
What’s particularly notable is that, for the first time in the history of this study, a breakdown reveals that the total wealth inherited by 53 heirs, amounting to $150.8 billion, exceeds the total wealth of $140.7 billion accumulated by 84 new self-made billionaires. This information highlights the role of family inheritance in the wealth accumulation of a considerable number of newly minted billionaires during the given timeframe.