October 21, 2016

Where The Super-Rich Inherit Their Wealth

   October 21, 2016

Where The Super-Rich Inherit Their Wealth

Where_The_Super-Rich_Inherit_Their_Wealth_%_Of_Individuals_Who_Inherited_Wealth_In_Certain_Countries_TMMChart.png

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Editor’s Remarks:
Many of the world’s current billionaires have made their fortunes from nothing. This is evidently the case in the US and the UK, where most wealthy individuals have made their money without familial assistance, highlighting the often forgotten successes of globalisation. Russia appears to have the most social mobility at first glance, but this can be attributed to the fact that many of these individuals made their wealth during the collapse of communism, and via significant gains in the oil industry. Only 1.3% have acquired their riches from inheritance. However, in certain countries, such as Austria, Sweden and India you are more likely to be born into wealth. In India, this is not surprising, as the caste system is still prevalent throughout much of the country, although with its rapid growth rate and technological development, this could change substantially in the next decade.
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