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As for American billionaires, heirs reported an average net worth of $2.2 billion, topping billionaire entrepreneurs by $700 million.
The uber-wealthy have many tools at their disposal to bestow more money to heirs and pay less to the government.
AdvertisementThese dynasties will likely compound their riches with more heirs caring about wealth preservation than philanthropic impact, according to UBS's survey.
A similar percentage of first-generation billionaires listed wealth preservation as a main goal, but a higher proportion (68%) also chose philanthropy.
Persons:
—, It's, IPOs
Organizations:
UBS, Service, Forbes
Locations:
Swiss