Aging billionaires handing over fortunes has created 15 billionaires aged 30 or under and led to the beginning of ‘the great wealth transfer’
All of the world’s billionaires younger than 30 inherited their wealth – the first wave of “the great wealth transfer” in which more than 1,000 billionaires will pass on more than $5.2tn to their heirs over the next two decades.
There are already more billionaires than ever before (2,781), and the number is expected to soar in the coming years as an elderly generation of super-rich people prepare to give their fortunes to their children.
