(Bloomberg) -- Once a billionaire, not always a billionaire.

Most of the world’s richest families 20 years ago have seen their fortunes shrink in the intervening decades, according to a report from UBS  and PricewaterhouseCoopers. More than half, or 56%, of people with at least $1 billion in net worth in 1995 were not in that bracket as of 2014, the study said.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access