That was in line with a tradition of Liechtenstein monarchs giving up the reins to their heirs.
—
ABC News,
ABC News,
15 Aug. 2026
Thanks to Reagan’s pro-oligarch leanings, his administration drove down inheritance tax requirements, pushing rates down to nearly 50 percent—leaving the heirs of oligarchs with more than enough to quickly rebuild their families’ financial empires.
The entrepreneur’s efforts secured him a place on the list of the Philippines’ 50 richest in a challenging year when a weaker peso took a toll on the total wealth of the country’s tycoons, which shrank 8% to $79 billion.
—
Naazneen Karmali,
Forbes.com,
7 Aug. 2026
That has created mounting public resistance as tech companies concentrate historic levels of wealth in the hands of a select group of tycoons.
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