Pursuits
Most Billionaires Can't Stay That Rich After 20 Years, UBS Says
- Of 289 billionaires in 1995, only 126 still have $1 billion
- The number of self-made women billionaires is on the rise
This article is for subscribers only.
Once a billionaire, not always a billionaire.
Most of the world’s richest families 20 years ago have seen their fortunes shrink in the intervening decades, according to a report from UBS Group AG and PricewaterhouseCoopers released Tuesday. More than half, or 56 percent, of people with at least $1 billion in net worth in 1995 were not in that bracket as of 2014, the study said.