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View all search resultsAccording to a survey of more than 3,200 high-net-worth families conducted by Williams Group Wealth Consultancy, around 70 percent of wealthy families lose their fortune by the second generation, and 90 percent by the third.
The Presidential Commission on Good Government (PCGG) has since 1986 retrieved about $5 billion from the family of incumbent President Ferdinand Marcos Jr, but about $2.4 billion is still caught up in litigation.
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