The UBS Billionaire Ambitions Report 2023 reveals that an unprecedented $5.2 trillion is set to be inherited by future generations from over 1,000 billionaires in the coming decades. This transfer emphasizes the necessity of careful inheritance planning, with a focus on enabling future generations to benefit from this wealth. The report highlights that 65% of first-generation and 60% of inherited wealth billionaires prioritize this transfer as their legacy. Moreover, the report identifies key strategies to protect wealth, advocating diversification of assets to ensure that this immense inheritance not only survives but flourishes.
The UBS Billionaire Ambitions Report 2023 emphasizes that over the next two to three decades, more than 1,000 billionaires will transfer an extraordinary USD $5.2 trillion to their heirs and stresses the critical need for inheritance planning.
A staggering 65% of first-generation billionaires and 60% of those with inherited wealth cite enabling future generations to benefit from their wealth as their primary legacy objective, underscoring this transfer's monumental nature.
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