06/25/2013 09:17 am ET

First-Generation Immigrants More Likely To Be Entrepreneurs


Last week, John Tozzi wrote about a Barclays (BCS) report on the rich and how they got that way, noting that increasingly, the world’s wealthiest people made their fortunes by launching, operating, and selling businesses.

That’s true in the U.S., where 21 percent of high-net-worth individuals made their money through entrepreneurship, a hair more than the 20 percent of wealthy respondents who inherited their money. The growth of the entrepreneurial elite is even more striking in other regions. South Africa, Latin America, Asia, and even Europe showed dramatically higher rates of entrepreneurial wealth than the U.S.

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