Of these, 91 people this year became billionaires through inheritance, collectively receiving $298bn (£223bn) in the 12 months to April, the bank said. That was up more than a third against last year and the highest since UBS started its research in 2015. Meanwhile, 196 “self-made” entrepreneurs became billionaires this year, with a collective wealth of $386.5bn, UBS said. The UK ranked seventh, with $164bn in wealth expected to be passed down over the next 15 years. Various European governments have faced calls to introduce a wealth tax on the international elite this year.
