Wealth Rebound: Billionaire Ranks and Luxury Services Grow Post-Pandemic While Inheritance Replaces Entrepreneurship as Primary Source of New Fortune
-
Global wealth and the number of billionaires are rebounding after pandemic declines, with the Americas having the largest concentration of wealth.
-
Private and concierge services for the wealthy are soaring in popularity, including health care, education, travel, and more.
-
For the first time, inheritance has become the primary source of new billionaire wealth rather than entrepreneurship.
-
As interest rates rise, high net worth individuals need to think strategically about real estate and mortgages as part of their long-term planning.
-
Experts predict the pace of change and disruption will increase, especially due to AI and other new technologies, leading to new opportunities.