Most of the world’s billionaires have made their money in the last 20 years, and now they are aging, the report says.
“In this time, billionaire wealth has grown by approximately seven times. So by far the biggest handover ever to the next generation is about to happen. We estimate that 460 of the billionaires in the markets we cover will pass $2.1 trillion,” the report says.
The report reviewed 20 years of data and examined the records of some 1,400 billionaires.