Globally, the distribution of wealth is not only measured by how much money the richest have, but also by the economic flow and what it is like. the architecture of success that each country has built. The balance between “own merit” and “cradle” defines the identity of an economy: while in some countries they function as innovation laboratories where fortunes emerge from nothing, in others they function as a kind of safe deposit box where heritage is transmitted from generation to generation like a modern noble title.
This chart from the German economic data analysis platform DataPulse and is made from Forbes data for June 2025. At that time, the business magazine counted 2,838 billionaires around the world. Forbes ranks each using its own scoring system (Self-Made score), which ranges from 1 to 10 according to the weight of the inheritance versus one’s own merit.
The overall result is clear: two out of every three millionaires are millionaires because they “made themselves.” But this statement hides abysmal differences that reflect how economic power works in each society. By the way, a global fact that the graph itself highlights: between 2024 and 2025 the total wealth of all the billionaires in the world grew by 13.4%. According to the UBS Billionaire Ambitions Report 2025that growth pushed aggregate wealth to an all-time high of $15.8 trillion.
Wealth: Self-made vs. inheritances. Data Pulse with data from Forbes
Where does the fortune of the world’s richest come from: inheritance or self-made?
The upper area of the graph is where those countries are located where it is easier to get rich on your own and is led by Russia and China: both appear with 97% of billionaires self-madethe highest percentage in the world. They may be entrepreneurial countries, but the true differential feature must be found in their history: their respective revolutions of the 20th century They destroyed any inheritable private capital (the Bolshevik in 1917 and the Maoist in 1949). So technically, their fortunes are first generation because they couldn’t be from any other.
However, this small print also includes Forbes’ conception of Self-made: In the Russian case, the main oligarchs accumulated their wealth in the 90s by taking advantage of Yeltsin’s savage privatizations. He Harvard’s Wilson Center says it loud and clear: It was one of the largest transfers of public wealth into private hands in modern history. Calling it self-made is at least generous.
Although the United States is the country with the most millionaires in number with almost 924 people and according to the UBS Billionaire Ambitions Report 2025 74% of them are self-made, not the one that appears higher in the graph. The United Kingdom, Canada and Israel stand out there. What they all have in common are economies with developed capital markets, active venture capital ecosystems and legal frameworks that facilitate the creation and scaling of companies.
In Germany, France or Spain inheritance rules. The Western European bloc is the area where inherited wealth weighs the most, with Germany as an extreme case: only 25% of its rich people are so because they built their own fortune. Family Capital explains it quite well: the ten largest German assets are all linked to family businesses. There are no great new generation technological fortunes. What there are are “old-fashioned” names, such as the Quandts at BMW, the Albrechts behind Aldi or the Würths: post-war industrial dynasties that have passed down their empires from generation to generation.
Spain and France embrace a similar logic: they have legal frameworks that strongly protect intergenerational wealth transmission, scarcity and/or weakness of a technological ecosystem comparable to that which exists in the Anglo-Saxon or Asian ecosystem, and a business culture where family control of capital is considered a value in itself.
Just above Germany is Spain, which has second place in the world in percentage of inherited wealth, with 74% of its billionaires in that category and only 26% self-made. Although there is the occasional green shoot of a modernized economy, it is residual: Spanish wealth is historically concentrated in a very small number of families with dominant positions in sectors with little competition. In short, generally In Spain wealth comes from dad.
As in Germany, the names in the Spanish state are great classics: the Ortega family with Inditex, the Del Pino with Ferrovial, the March, the Entrecanales or the Lara. They are fortunes built for the most part during the Franco regime or the transition, in a context of little competition, privileged access to credit and close relations with political power. The result is what the graph shows: a country where becoming a billionaire from scratch is statistically almost an anomaly.
Cover | DataPulse
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