UBS and PWC just published a survey titled “Billionaires. Master Architects of Great Wealth and Lasting Legacies” that looks into the sources of such riches, among other aspects. While inherited wealth still accounted for 57% of all billionaires in 1995, the share of self-made billionaires has steadily increased in the years since, and the percentage of billionaires backed by inherited […]

The introduction of the rent freeze will hugely boost the significance of the rental index because existing flats may not be let for rents that exceed the local reference rent by more than 10%.