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inherited wealth

Misunderstood millennials wealth wise beyond their years

June 8, 2017

High net worth millennials are wising up to their financial responsibilities by learning about wealth a dozen years earlier than baby boomers.

High net worth millennials are wising up to their financial responsibilities by learning about wealth a dozen years earlier than baby boomers.

Self-confidence in their self-taught business acumen is the recurring theme in Millennials & Wealth Transfer, a white paper by RBC Wealth Management looking at how HNW Millennials (average net worth - $ 5.8 million) acquire financial knowledge, handle the inheritance process and prepare their financial affairs.

Fortunes favour family businesses in Rich List of billionaires

May 11, 2017

Ultra-wealthy family businesses dominate the new Sunday Times Rich List, with the combined wealth of family firms in the top ten totalling £58.7 billion ($75.9 billion).

Ultra-wealthy family businesses dominate the new Sunday Times Rich List, with the combined wealth of family firms in the top ten totalling £58.7 billion ($75.9 billion).

Women on Forbes list disproportionately come from inherited wealth

March 4, 2016

Just one sixth of women on Forbes’ annual billionaires list are self made compared to the two thirds of individuals who are self made across the entire list – which this year totals 1,810 individuals with a combined net worth of $6.48 trillion.

Microsoft founder Bill Gates, Inditex co-founder Amancio Ortega, and investor Warren Buffett make up the top three with net worths of $75 billion, $67 billion, and $60.8 billion respectively.

Many wealthy families feeling a lack of purpose

July 16, 2014

Many wealthy families living off their investments are returning to active business operations, impact investing or philanthropy, as they feel they lack of purpose, a new report says.

Many wealthy families living off their investments are returning to active business operations, impact investing or philanthropy, as they feel they lack of purpose, a new report says.

The meaning of wealth in the 21st century: unlocking the secrets of wealthy families, conducted by Withers and Scorpio Partnership, sought to find whether the wealthy are focused on wealth generation, preservation or the application of their wealth.