24 Hrs
Source:
الاقتصادية
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Many young heirs lack family business readiness
Survey results indicate that most heirs from wealthy families around the world are not sufficiently prepared to manage family wealth and businesses. Only 22.6% feel fully ready, while 66% are unprepared, and 11.6% are not interested in taking on this responsibility. The transfer of wealth between generations is one of the biggest concerns facing wealthy families, surpassing political stability risks. The survey shows that wealth planning and intergenerational communication are among the most critical needs to prevent the loss of wealth—especially with an expected transfer of $15 trillion in assets by 2030. The findings highlight the importance of educating the new generations and gradually involving them to ensure the continuity of wealth across generations.
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