wealth transfer

UBS reports significant wealth creation, especially in China. The nation is averaging 380 new millionaires daily in 2024, fueled by economic growth, and is projected to add over 5 million more by 2029. Globally, the US adds around 1,000 new millionaires daily. Moreover, a “Great Wealth Transfer” of over $80 trillion is underway, with women poised to become significant beneficiaries, potentially influencing future investment trends.