Wealth report shows rise of self-made billionaires

The rise of self-made billionaires is becoming evident among high-net-worth individuals (HNWI), with the latest Wealth Report by property consultant Knight Frank showing none of the super-rich attributed more than 70 per cent of their wealth to inheritance.

The report released on Tuesday showed that a majority of the super-rich attributed inheritance to 30 to 40 per cent of their wealth.