40% of 557,000 UHNW Individuals Near Wealth Transfer as Women’s Share Heads for 19%
Updated
Updated · InvestmentNews · Jul 10
40% of 557,000 UHNW Individuals Near Wealth Transfer as Women’s Share Heads for 19%
1 articles · Updated · InvestmentNews · Jul 10
Summary
Nearly 220,000 ultra-high-net-worth individuals are now 70 or older, according to Altrata, putting one of the largest intergenerational wealth transfers in history close at hand.
Just 8% of the roughly 557,000 people with more than $30 million are under 50, while the global average age is 67—evidence that control of vast fortunes is concentrated in an aging cohort.
North America’s ultra-wealthy average 68 years old versus 64 in Asia, and four in five North American UHNW individuals are self-made, shaping how succession and advisory needs differ by region.
Women hold only 12% of global UHNW wealth positions today, but Altrata expects that share to reach 19% by 2040 as inheritance, entrepreneurship and executive pay expand female wealth ownership.
More than 117,000 centi-millionaires now hold over $100 million—up from 60,000 in 2015—adding younger tech-driven fortunes to portfolios still dominated by business holdings at 63% of assets.
With women's share of extreme wealth set to double, how will their priorities reshape global investment?
As $84 trillion changes hands, can heirs escape the historical curse of generational wealth loss?
Why are the super-rich collecting multiple passports, creating a new borderless class beyond national control?
The $31 Trillion Global Wealth Transfer by 2033: Impacts, Opportunities, and Strategies for the Next Generation
Overview
A historic intergenerational wealth transfer, estimated at $31 trillion by 2033, is underway as the aging ultra-high-net-worth population—where the average billionaire is 68—drives a massive shift of capital from older to younger generations. This unprecedented movement of wealth will impact a wide range of industries, including financial services, luxury goods, and non-profits. Although the ultra-wealthy make up just 1% of global millionaires, they hold a significant share of total wealth, highlighting the scale and urgency of this transition. Organizations must adapt quickly to the changing landscape as new generations inherit and reshape global wealth.