Millionaire lists similar to those created Forbes For decades they have served as a database to view the evolution and trends of the planet’s fate. In the last update in 2024, it was determined that all billionaires under the age of 30 who joined the list became members for the first time since 2009, not by creating their own wealth, but by inheritance.

This fact shows that the generational change that occurs on a global scale and in all social layers is the emergence of the first members of the generation. baby boom generation He leaves his legacy to Generation Y or Generation Z. Intergenerational wealth transfer is estimated to be $84 trillion by 2045, according to estimates from consulting firm Cerulli Associates.

Today’s rich boomerstomorrow’s millennials. Current millionaires are an aging group that is representative of the general population. The average age of millionaires on the Forbes list is 66, but the oldest baby boomers are already around 80.

As if it were an episode SubrogationYoung heirs are preparing to claim their legacy at the head of family businesses or manage family assets. By the end of 2029, more than $8.8 trillion will fall into the hands of his successors.

The richest and most diverse heirs ever. According to the statements of Ken Costa, the author of the book, ‘$100 Trillion Asset Transfer‘He told the BBC: “Never before has so much wealth – property, land, stocks and shares – changed so suddenly from one generation to the next. And never before has a generation had such different visions of the future of the planet and capitalism compared to their predecessors.

Heirs with very different interests. The author emphasizes that: Finance Times that the heirs of this wealth have a very different mentality from those who created the assets they inherited. Boomer millionaires have created the greatest concentration of wealth in the hands of the richest 1% of the population, widening the social gap between them and the rest of the planet.

“Poverty in low-income countries is even higher than in 2019. Prices around the world are outpacing wages, and hundreds of millions of people are struggling.” They state from Oxfam’s report ‘Desigualdad SA’. According to Kem Costa, the new heirs appear to be more committed to a more ethical distribution of wealth.

New heirs want to pay more taxes. Although this is not irrefutable evidence, it is true that there are already movements along the line drawn by the author. In recent years, protest movements have emerged from the heirs of great fortunes: tax returnThis protests the low taxes the ultra-rich have to pay compared to the rest of the population. In an open letter to world leaders, the rich say, “Our demand is simple: we want you to tax the richest people in society.” Guardian.

At the latest edition of the Davos World Forum, a group of 250 millionaires from around the world presented a manifesto demanding that rulers in Davos impose a higher tax burden on high net worth people to combat socioeconomic inequality globally. Names such as Abigail Disney, the controversial heiress of the Walt Disney empire, and ‘Succession’ actor Brian Cox; actor and screenwriter Simon Pegg and Valerie Rockefeller signed the manifesto.

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Image | Unsplash (Zachary Nelson)