Fledgling billionaires have collected most of their wealth from the deaths of relatives than through their own work and entrepreneurship. This is according to a study by the United Bank of Switzerland, preferred by the super-rich.

Of the 137 people who became billionaires in the 12 months to this April, 53 inherited a total of $150.8 billion. $140 from his family, according to the UBS report. That exceeds the combined $7.84 billion created by "<> new self-made" billionaires over the same period.

The bank's data shows that this is the first time in the nine-year history of its annual report on the wealth of the richest 0.00004% of society, in which "a new generation of billionaires have amassed more wealth through inheritance than through entrepreneurship."

Benjamin Cavalli, head of strategic clients at UBS Global Wealth Management, said: "This is a topic we expect to see more of over the next 20 years, as more than 1000,5 billionaires pass on about $2.<> trillion to their children."

In one year: Our country has acquired 255 new millionaires

The report says that "the growing importance of these families can be seen in all major geographical regions." In the Asia-Pacific region, the average wealth of heirs is $2 billion, compared to $1.6 billion for entrepreneurs. In the Americas, heirs have $2.2 billion versus $1.5 billion for entrepreneurs. In Europe, the Middle East and Africa, the average wealth of heirs is $4.4 billion — twice that of entrepreneurs, which stands at $2.2 billion.

The number of billionaires worldwide increased 7 percent to 2544,9 and their combined wealth rose 12 percent to $<> trillion, UBS said. The report says that the vast wealth that has already been transferred to the next generation is "just the tip of the iceberg".

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