Period Of Extraordinary Wealth Generation May Soon Decelerate: UBS/PwC

Although the majority of the world’s billionaires have made their wealth in the past 20 years, this period of such extraordinary wealth generation may soon decelerate, notes UBS/PwC. In their “Billionaires” research note published jointly by UBS and PwC, the analysts note two-thirds of the current generation of billionaires are in the process of wealth transfer. Wealth generation: World is in a second “Gilded Age” The UBS/PwC research note starts off with an anecdote on the first “Gilded Age’ which lasted from 1870-1910, wherein a few businessmen built organizations that industrialized innovations, bringing us the car, steel and electricity. However,…