New report reveals billionaires are inheriting extra wealth than ever

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Your help makes all of the distinction. Learn extra Billionaires' households inherited a document quantity of wealth within the 12 months to April, the very best since reporting started in 2015, UBS's Billionaire Ambitions Report reveals.

The Swiss financial institution mentioned 91 folks grew to become billionaires by way of inheritance, collectively receiving $298 billion, up greater than a 3rd from 2024.

"These heirs are proof of a multi-year wealth switch that’s intensifying," mentioned UBS govt Benjamin Cavalli.

Drawing on shopper surveys and a database throughout 47 markets, the report forecasts $5.9 trillion shall be inherited by billionaire youngsters over the subsequent 15 years.

Most of this inheritance development is about to happen in america, with India, France, Germany and Switzerland subsequent on the listing, UBS estimated.

Nonetheless, billionaires are extremely cellular, particularly youthful ones, which may change that image, it added.

<img src="https://static.independent.co.uk/2025/11/24/11/25/BRITAIN-POLITICS-BUDGET-TAXATION-DEMONSTRATION-f5cp0mjt.jpeg" srcset="https://static.independent.co.uk/2025/11/24/11/25/BRITAIN-POLITICS-BUDGET-TAXATION-DEMONSTRATION-f5cp0mjt.jpeg?quality=75&width=320&auto=webp 320w, https://static.independent.co.uk/2025/11/24/11/25/BRITAIN-POLITICS-BUDGET-TAXATION-DEMONSTRATION-f5cp0mjt.jpeg?quality=75&width=640&auto=webp 640w" loading="lazy" alt="Activists from the 'Make Them Pay' and 'Make Polluters Pay' coalitions have called for higher taxes on billionaires" class="sc-1mc30lb-0 ggpMaE"/> Activists from the 'Make Them Pay' and 'Make Polluters Pay' coalitions have referred to as for greater taxes on billionaires (AFP/Getty) The seek for a greater high quality of life, geopolitical issues and tax concerns are driving selections to relocate, in response to the report.

In Switzerland, the place $206 billion shall be inherited over the subsequent 15 years in response to the financial institution, voters on Sunday overwhelmingly rejected a proposed 50 per cent tax on inherited fortunes of $62 million or extra, after critics mentioned it may set off an exodus of rich folks.

Switzerland, the UAE, the US and Singapore are amongst billionaires' most popular locations, UBS's Cavalli mentioned.

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"In Switzerland, Sunday's vote could have helped to extend the nation's attraction once more," he mentioned.

Swiss voters had been 78 per cent towards the plan, an end result that even exceeded the 2‑thirds opposition indicated in polls.

Bankers have watched the vote in Switzerland carefully, casting it as a litmus take a look at of urge for food for wealth redistribution in Switzerland, as different nations, akin to Norway, have beefed up their wealth tax or debated related strikes.