New Multipolitan report reveals how millennials are reshaping global wealth.

The Navigating the Future of Wealth Report 2024, released by global migration platform Multipolitan, has predicted a major shift in global wealth as millennials inherit trillions from older generations and embrace new investment strategies.

The report has highlighted how this generational wealth transfer will impact investment trends and wealth management. The report estimates that by 2045, millennials will inherit an estimated US$84 trillion from baby boomers, representing the largest wealth transfer in history. This shift coincides with millennials’ increasing interest in international investments and alternative assets like art, vintage cars, and digital assets.

“The global wealth landscape is evolving rapidly due to technological advances, demographic shifts, and the largest intergenerational wealth transfer in history. With younger investors and a dynamic geopolitical environment, new asset classes and markets are being unlocked. Our report equips investors with the knowledge to navigate this landscape, create a more diversified portfolio and grow their wealth,” said Sandeep Jain, Senior Managing Partner at Multipolitan.

The report also identifies a surge in “investment migration,” with individuals seeking alternative residences or citizenships to diversify their assets and navigate geopolitical uncertainties. This trend is driving demand for locations with favorable tax policies, strong security, and stable governance.

Key highlights of the report: