UBS: Billionaires To Pass Down $2.1 Trillion To Heirs By 2040 In History's Largest Wealth Transfer
Approximately 460 billionaires are set to transfer $2.1 trillion roughly the equivalent of India’s GDP or about the amount wiped out from panicked world markets after the U.K.’s Brexit vote to heirs within the next 20 years. That’s according to UBS/PwC Billionaires Report, released Thursday. The report calls the impending…
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