Billionaires face headwinds as ‘the greatest transfer of wealth in human history’ looms

'After more than 20 years of unprecedented wealth creation, the Second Gilded Age has stalled'

“Are billionaires feeling the pressure” ask UBS and PwC in their annual look at the wealth health of the richest fraction of the 1%. Yes, the report suggests, they are. And change is afoot: “We are about to witness the greatest transfer of wealth in human history”, say researchers, as around 460 of the world’s billionaires gear up to transfer US$2.1tr –  the equivalent of India’s entire GDP – to their heirs over the next 20 years.

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