What percentage of American Millionaires offhand (no looking) would you say inherited their wealth?
Originally Posted By: pondering_it_all
Jeff Bezos, Bill Gates, and Warren Buffet are the extremely rare exceptions because how ever much they inherited is dwarfed by what they have built. I am thinking much more of rich families with trust funds for all, that ensure they never have to do anything useful in their lives.
As of last year, there were about 7.5 million "Millionaire Households"; about 79% of them did not inherit any money, and only 3% became a millionaire by inheritance.