This report is unique in its scope and approach. It addresses the characteristics and challenges facing some of the wealthiest individuals in the world. It paints a portrait of how they achieve great wealth, and the challenge around passing it on and what will be the nature of their legacy. It is global in scope across all major markets and covers both self-made and inherited wealth. Different regions, cultures and backgrounds have different distinctive drivers of wealth. Many of the lessons gleaned from this work are broadly applicable to anyone with wealth and a perspective on it, their plans for the future and their families and what will be their lasting legacies
Key findings of the report:
- Led by China, Asia is creating a billionaire every three days.
- During 2015, 113 Asian entrepreneurs attained billionaire status, representing 54% of the global total for the year.
- The largest ever transfer of wealth to the Millennial generation is imminent. It will be Asia's first-ever handover of billionaire wealth.
- With better education and access to technology, the new generation of ultra wealthy typically emphasises social good and philanthropy, seeing business success as a means of benefitting society.