8 myths about the super rich debunked by Katie Holliday

“Hey saw this and thought of you because I know you have dreams of being Super Rich one day. And why not? This article will debunk the myths about the Super Rich and validate why you, me or anyone can get there. See you there one day!” – GC

8 myths about the super rich debunked by Katie Holliday

Most of the stereotypes associated with the world’s ultra-high-net-worth (UHNW) population are just plain wrong, says research house Wealth X Institute.

A UHNW individual is someone with a net worth of at least $30 million according to Wealth X. In 2013 there were 199,235 UHNW individuals—0.003 percent of the world’s population; together they accounted for the equivalent of 38 percent of global gross domestic product at $27.7 trillion.

Below, Wealth X debunks the myths often associated with this privileged segment of society.

1. They inherited all their money

Only 19 percent of UHNW individuals fully inherited their wealth. Some 65 percent are self-made, while 16 percent inherited only part of their wealth.

See the rest at: CNBC

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