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Some 91 heirs became billionaires in 12 months to April

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Together they inherited $298 billion

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At least $5.9 trillion to be inherited over next 15 years

ZURICH, Dec 4 (Reuters) - The spouses and children of

billionaires inherited more wealth in 2025 than in any previous

year since reporting began in 2015, according to UBS's

Billionaire Ambitions Report published on Thursday.

In the 12 months to April, 91 people became billionaires

through inheritance, collectively receiving $298 billion, up

more than a third from 2024, the Swiss bank said.

"These heirs are proof of a multi-year wealth transfer

that's intensifying," UBS executive Benjamin Cavalli said.

The report is based on a survey of some of UBS's super-rich

clients and a database that tracks the wealth of billionaires

across 47 markets in all world regions.

At least $5.9 trillion will be inherited by billionaire

children over the next 15 years, the bank calculates.

Most of this inheritance growth is set to take place in the

United States, with India, France, Germany and Switzerland next

on the list, UBS estimated.

However, billionaires are highly mobile, especially younger

ones, which could change that picture, it added.

The search for a better quality of life, geopolitical

concerns and tax considerations are driving decisions to

relocate, according to the report.

In Switzerland, where $206 billion will be inherited over

the next 15 years according to the bank, voters on Sunday

overwhelmingly rejected a proposed 50% tax on inherited fortunes

of $62 million or more, after critics said it could trigger an

exodus of wealthy people.

Switzerland, the UAE, the U.S. and Singapore are among

billionaires' preferred destinations, UBS's Cavalli said.

"In Switzerland, Sunday's vote may have helped to increase

the country's appeal again," he said.