In the next ten years, an astronomical amount of wealth is going to be handed from one generation to another. If you just look at the world’s top 500 billionaires, they’re getting ready (or should be getting ready) to pass on two trillion dollars to their children.
It’s even more impressive in the Asia Pacific region, where sixty percent of families will see money move from their elders, to their descendants.
It’s even more impressive in the Asia Pacific region, where sixty percent of families will see money move from their elders, to their descendants.
| I’d heard of this unprecedented transition before - but at a recent conference in Singapore, Munish Dhall gave us some detail and colour on this historical movement. He’s Managing Director of Global Family Office, South East Asia for UBS. You can hear more about his extensive research on this, in an interview with him here. Technology failed us, I’m afraid, so it’s a phone conversation - but it still fascinates. |  |
More and more conferences are springing up to help wealthy families deal with issues like generational change. I introduced Munish at a new event launched by Eurekahedge just this year - and they produced this video looking back at the gathering…
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