How do the rich get that way? Increasingly, it’s through starting and running businesses, rather than inheriting money from wealthy families, especially in the developing world, a new report from Barclays suggests.
The bank surveyed 2,000 people worth at least $1.5 million—“high net worth individuals,” is the report’s term of art—from around the globe. Two hundred of them had at least $15 million. More than 750 called themselves entrepreneurs. When researchers asked group members where their money came from, here’s what they said: