A historic transfer of wealth is already reshaping the global economy as trillions of dollars move from aging baby boomers and self-made entrepreneurs to their children and grandchildren.
According to a recent report by UBS, an estimated $83.5 trillion will be transferred between generations over the next two decades, making it the largest wealth transfer in modern history. Billionaire families alone are expected to pass down roughly $6.9 trillion by 2040.
