Succession? Survey finds 66 per cent of ultra-rich’s young heirs not ready to take over

A survey by Julius Baer found that 66 per cent of young heirs from ultra-rich families are not ready to take over their family's wealth. This is a concern for the global ultra-rich, who worry more about wealth succession than political uncertainty. The issue is significant because it involves the transfer of trillions of dollars' worth of wealth, which could have a major impact on markets and the economy if not managed properly.

Why it matters

Ultra-rich families are concerned about succession as most of their young heirs are not ready to take over. This could lead to a loss of control and instability in family businesses and investments.

Market impact

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