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In Numbers: Following The Generational Wealth Of The Rich
Forbes Middle East - English
|September 2022
Wealth enhancement, preservation, and succession are crucial parts of family planning for wealthy individuals and their families. The degree to which wealth holdings are self-made or shaped by inheritance can also substantially impact the next generation’s outlook and priorities.
Data by Wealth-X forecasts that $18.3 trillion of collective wealth will be transferred to the next generation by those with $5 million or more—known as very high net worth (VHNW) individuals—in net worth by 2030. The estimate stands nearly seven times the market capitalization of Apple, the world’s most valuable company at $2.65 trillion, as of August 10, 2022. This wealth transfer breaks down to an average of $27 million transferred by almost 680,000 individuals globally.
This story is from the September 2022 edition of Forbes Middle East - English.
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