Gen Xers, the forgotten child of the 'Great Wealth Transfer,' are first in line for $31 trillion worth of inheritances from the rich and ultra rich, new report finds
How many individuals worth $100 million or more are there globally?
There are currently around 28,420 individuals globally with a net worth of $100 million or more, often referred to as centi-millionaires. The population of these super wealthy individuals has doubled over the past 20 years due to soaring asset prices around the world1.
By what year is the Great Wealth Transfer expected to transfer $84 to $90 trillion in the U.S.?
The Great Wealth Transfer is expected to transfer $84 to $90 trillion in the U.S. by 2045. This massive transfer of assets will make millennials, born between 1981 and 1996, the richest generation in history, according to a 2024 report from Knight Frank6.
What is the estimated total value of inheritances expected by 2033?
By 2033, 1.2 million individuals worldwide worth $5 million or more are expected to pass on more than $31 trillion to their inheritors. Individuals worth $100 million or more are expected to pass on almost half of that wealth.