Over the next 10 years, more than $15 trillion is expected to be passed down to the younger generation, according to IQ-EQ in its white paper “The Great Global Wealth Transfer.” The paper examines individuals across the world worth more than $5 million and concludes 548,440 people will be transferring wealth over the next decade.
Regionally, the Americas has the largest share of both very-high-net-worth and ultra-high-net-worth individuals. Of the 2.644 million individuals worth more than $5 million around the world, around 41 percent are based in this region. Europe, the Middle East and Africa accounts for 31.5 percent, while Asia has 27.5 percent.
Real estate will remain a key asset within family portfolios but with a more structured and less sporadic approach. However, the report found real estate has less attraction for the next generation because some find it unexciting, lacking dynamism and conside