Millennials Transform Global Wealth Dynamics

A recent report by Multipolitan predicts a significant generational wealth transfer from baby boomers to millennials and Gen Z, estimated at $84 trillion by 2045. These younger investors are gravitating towards foreign investments and alternative assets like art and digital currencies, reflecting a proactive and transnational investment approach. The report also emphasizes the rising importance of personal well-being, preventive medicine, and longevity among high-net-worth individuals, linking health with wealth preservation strategies. Emerging wealth hubs such as Malta and India’s GIFT City are gaining traction against traditional centers like Singapore and Dubai, presenting new investment opportunities. Furthermore, the influence of artificial intelligence in wealth management is highlighted as a transformative factor enhancing investment strategies. The report underscores a rapidly evolving global wealth landscape driven by technological advancements and demographic shifts.