As the tech billionaires dominate the headlines, this groundbreaking book reveals the overlooked yet formidable influence of multi-generational family wealth on the global economy. It provides essential insights into the largest wealth transfer in human history – as 2% of the global population inherits vast fortunes over the next 25 years – revealing how this tsunami of inherited capital will transform investment landscapes, industrial financing, and potentially undermine nation-state autonomy.
Drawing from extensive research and industry expertise, David Molian charts the meteoric rise of ultra-wealthy dynasties whose collective impact rivals – and may outlast – Silicon Valley's tech titans. It charts the historical patterns behind industry-dominating family businesses and their evolution into business dynasties, and how the coming $30+ trillion wealth transfer will reshape global finance, investment, and economic development. In stagnating economic times, the search for growth and prosperity dominates government agendas throughout the world. The evidence suggests that family businesses outpace their peers. Through numerous case histories and industry analyses, this book explains why and how harnessing and supporting their success may be a critical part of regenerating national economies. It also explains the forces – chiefly the components of globalism – that have propelled family wealth in the eastern hemisphere in the last half-century.
Essential reading for anyone seeking to understand where true economic power lies in the 21st century, the book is specifically of interest to professionals involved in family business, including private banks, family offices, family consultants, law firms, and large accountancy practices.