Published On: July 2nd, 2020|

Forbes – Adam Strauss

“In the popular imagination, families that accrue an above-average amount of wealth or assets eventually pass down those same fortunes generation after generation. It’s a common misconception—particularly when you look at actual data. According to a Wealth-X report, 68% of the world’s wealthiest people (i.e., those whose net worth exceeds $30 million) are self-made. Look further, and you’ll see that 24% of those individuals possess a combination of inherited and self-created fortunes, while a mere 8.5% solely inherited their wealth.” (more)