Global System 'Rigged for the Wealthy' Delivers World With 'More Billionaires Than Ever'
THIS is what Larry “End Game” Summers is talking’ about!
Global System ‘Rigged for the Wealthy’ Delivers World With ‘More Billionaires Than Ever’
New annual report on “ambitions” of billionaires by wealth management giant UBS shows just 2,919 individuals have a combined wealth of $15.8 trillion.
by John Queally
CommonDreams, December 5, 2025
A new assessment by the international wealth management giant UBS this week shows that the number of billionaires in the world has reached new heights and that the acceleration of inherited wealth represents a new chapter for the ultra-rich in the 21st Century.
The latest UBS Billionaire Ambitions Report, unveiled Thursday, details how just 2,919 individual billionaires have a combined wealth of $15.8 trillion. The number of billionaires in the world is up nearly 9 percent from the previous year. In the United States—where nearly a third of those on the list reside—924 billionaires hold a collective $6.9 trillion in wealth.
The assessment by UBS—which surveyed its own billionaire clients as part of the survey, now its eleventh edition—emphasizes a surge of inherited wealth among the billionaire class. According to the report:
In 2025, 91 heirs (64 of them male and 27 female) inherited a record USD 297.8 billion. That’s 36% more than in 2024, despite fewer people inheriting overall. Globally, inheritance bolstered the number of multigenerational billionaires, with some 860 multi-generational billionaires now overseeing total assets of USD 4.7 trillion. That’s up from 805 with USD 4.2 trillion in 2024.
Across the world, multi-generational billionaires are slowly extending down the generations, with the number of second-generation billionaires growing by 4.6% in the 2025 report, the number of third generation by 12.3%, and the number of fourth generation and beyond by 10%.
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https://www.commondreams.org/news/ubs-billionaires-report
PS: Personally, I hold no animus against rich people — so long as they pay their fair share of taxes and have no greater legal and political standing than a homeless pauper.