According to a recently published report, the world’s ultra-rich, those with worth at or over $30 million, are expected to pass $16 trillion through inheritance to their younger family members over the next 30 years. The Wealth-X and NFP Family Wealth Transfers Report also estimates that charitable donations will make up $300 billion of wealth transferred over that time. The report frames the huge wealth transfer as a beneficial event to the global economy as it will spread out the current concentration of wealth being held by a small percentage of the world’s population, and will encourage the younger generation to invest their inheritance.
See Andrew Soergel, World’s Super Wealthy to Transfer $16 Trillion in Inheritance Over Next 30 Years, US News, Jan. 14, 2015.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.
