NEW YORK, June 26, 2019 /PRNewswire-PRWeb/ -- Wealth-X, the leader in applied wealth intelligence, today launched the A Generational Shift: Family Wealth Transfer Report 2019, revealing that by 2030, $15.4 trillion of global wealth will be transferred by individuals with a net worth of $5 million or more. This significant amount of wealth is roughly equivalent to the entire Chinese economy or 17 times the market capitalization of Amazon.
Wealth-X has been tracking family wealth transfer issues for the best part of a decade, however this is the first time the company has produced a report on this subject that takes into account very high net worth (VHNW) individuals, or those with $5 to $30 million in net worth, alongside its continued focus on ultra high net worth (UHNW) individuals, or those with a net worth in excess of $30 million.
A Generational Shift: Family Wealth Transfer Report 2019 leverages the Wealth-X global database of records on the wealthy to shed a spotlight on those individuals passing on wealth to the next generation. From this dataset, the largest of its kind in the world, Wealth-X identifies differences in this population based on wealth tier, geographic region, source of wealth, and gender.
In addition, the report is informed by numerous interviews with experts working in the wealth transfer space, conducted by the Wealth-X team. The feedback from these interviews, combined with the team's research, provides unique insight into the complexities of wealth transfer and successful wealth transition, and also profiles key differences in the behaviors of the next generation set to inherit this wealth.
Key findings from the A Generational Shift: Family Wealth Transfer Report 2019, include:
For organizations seeking to understand and engage with the world's wealthiest individuals, A Generational Shift: Family Wealth Transfer Report 2019 provides unique intelligence to understand how current wealth patterns will evolve over the next decade. To download the complete report, please visit: https://www.wealthx.com/report/wealth-transfer-report-2019/.
About Wealth-X
The global leader in wealth information and insight, Wealth-X partners with leading prestige brands across the financial services, luxury, not-for-profit and higher-education industries to fuel strategic decision-making in sales, marketing and compliance. Wealth-X boasts the world's most extensive collection of records on wealthy individuals and produces unparalleled data analysis to help organizations uncover, understand, and engage their target audience, as well as mitigate risk. Founded in 2010, with staff across North America, Europe and Asia, Wealth-X provides unique data, analysis, and counsel to a growing roster of over 500 clients, worldwide.
SOURCE Wealth-X
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