BFM 89.9

HIGHLIGHTS 
Podcast  >  Bigger Picture  >  Beyond The Ballot Box  >  60% of Billionaire Wealth Is From Inheritance and Cronyism

60% of Billionaire Wealth Is From Inheritance and Cronyism

Peter Beattie, Political Economist & Political Psychologist, Chinese University of Hong Kong (CUHK)

20-Feb-25 15:00

60% of Billionaire Wealth Is From Inheritance and Cronyism

We often hear that the ultra-wealthy are as rich as they are because of their superior capabilities as entrepreneurs. 

But is this actually true?

Not quite, according to Oxfam, a global organization that fights inequality to end poverty. In their latest report aptly titled Takers, Not Makers, they highlight that 60% of billionaire wealth is derived from inheritance, cronyism, or monopoly power.

We unpack the latest Oxfam report with Peter Beattie, who's a political economist & political psychologist at the Chinese University of Hong Kong (CUHK).

Produced by: Dashran Yohan

Presented by: Dashran Yohan


This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories:  economyinternationalpolitics

Tags:  oxfaminequalityequitywealth inequalityequalitybillionaireinheritance taxwealth tax





Play / Pause

Listen now : BBC World Service: This episode of People Fixing The World looks at...

Today’s Shows



11:00 AM

Best of Enterprise

(REPEAT) Otter Barista's founder Eeyong Ho on building a robotic coffee business that has already served over 100,000 cups across 60+ locations.

12:00 PM

BBC World Service

This week on Science in Action, scientists have detected the largest black hole merger ever observed with LIGO picking up signals from two black holes colliding in a ‘violent’ spacetime event.

1:00 PM

A Bit of Culture

(REPEAT) Kam Raslan, Matt Armitage and Ahmad Yazid join forces to talk about the sea, owning your own clone and the F1 movie!

2:00 PM

Ringgit & Sense

(REPEAT) Khairi Shahrin Arief bin Baki, Deputy CEO at CGS International discusses asset classes and investment strategies.

2:30 PM

The Property Show

(REPEAT) Entomologist Lim Say Piau and Regine Lim of the Malaysian Pest Management Association shares practical insights into how to address bed bugs.

3:00 PM

Best of The Bigger Picture

(REPEAT) Dr Khoo Ying Hooi, an Associate Professor of International Relations and Human Rights at Universiti Malaya (UM) joins the show to reflect on where we are today as a country, in terms of fighting for justice and protecting democracy.

4:00 PM

Best of Evening Edition

(REPEAT) This World Brain Day, we explore the mysteries of the brain, and celebrate what makes every person’s brain unique.

5:00 PM

BBC World Service

This episode of People Fixing The World looks at the efforts of groups in Portugal and how they plan to improve the society they're a part of.