In the list of the richest people in the world published by Forbes magazine recently, a trend stood out: faces of unknown young people.
By BBC World
Many of them have not even started working or chosen their career, but they have had a lot of help to get there, because for the first time since 2009, all the billionaires under the age of 30 who appear in the classification inherited their fortune.
Of the 25 billionaires aged 33 or younger in the publication, only seven built their own wealth.
For Forbes, the massive presence of young heirs is a sign that a long-anticipated phenomenon is underway in the world of global finance: the “great wealth transfer,” a period in which much of all wealth of the world’s rich will pass from one generation to the next.
It is estimated that by the end of 2029, more than US$8.8 trillion will pass from current billionaires to their young successors.
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