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Inherited Wealth Surpasses Self-Made Fortunes for Billionaires, UBS Report Reveals, Ukraine

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Inherited wealth dominates self-made fortunes for billionaires, as revealed in a UBS report. Over the past year, 53 heirs inherited $150.8 billion, surpassing the $140.7 billion earned by 84 self-made billionaires. The report highlights the need for younger generations to be involved in succession planning, and a shift towards philanthropy and sustainability among billionaire heirs. Middle East wealth saw a notable increase, while wealth in India and China experienced setbacks. The consumer and retail sectors contributed the most to global billionaire wealth growth.

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