All articles tagged with #wealth inheritance
Originally Published 2 months ago — by The Guardian
A report warns that over $70 trillion of inherited wealth over the next decade will increase global inequality, urging the G20 to establish a permanent monitoring panel to address the widening gap and its impact on democracy and social mobility.
Originally Published 6 months ago — by Fortune
Telegram founder Pavel Durov has included over 100 of his biological children, conceived through sperm donation, in his $13.9 billion will, potentially leaving each around $132 million, though they will inherit after 30 years to encourage independence. Durov's wealth plan is unique among billionaires, who typically leave less to their children, and he emphasizes self-reliance for his offspring.
Originally Published 2 years ago — by Forbes
The 2023 Forbes 400 list of the richest people in America reveals that 70% of the members have built their own fortunes, while 30% inherited their wealth. Forbes assigns each billionaire a self-made score ranging from 1 to 10, with 1 to 5 indicating inheritance and 6 to 10 representing self-made success. Notable self-made billionaires include George Soros, Howard Schultz, and David Murdock, who overcame significant adversity. The most common score is 8, with nearly 80% of the Forbes 400 either inheriting their wealth or coming from a middle-class background.