Damn. I was definitely hoping someone tried to jump the border in a rented Bentley. What a way to go.
Fifty-three heirs received a total of $150.8 billion, which is higher than the $140.7 billion brought in by 84 new self-made billionaires, the report shows. This is the first time this has been the case since the report was first published in 2015.
And this is only the beginning. In the next 20 to 30 years, wealth worth around $5.2 trillion is expected to be passed from one generation to another.
eat the rich
New billionaires getting rich via inheritance rather than entrepreneurship in 'great wealth transfer'"The great wealth transfer" is picking up steam as billionaires are acquiring more wealth through inheritance than entreprenuershipwww.cnbc.com
The way it used to work before Gilded Age 2.0 was that there just wasn't enough money available after the inheritance was split 3-4 ways to keep a fuckwit from pissing it all away by being a silver spoon eating fuckwit. I'm not sure if that tracks anymore, billions with a 'B' is enough money to ruin the world on your capital gains alone without ever touching the principle.