In 15 years, millennials and Gen Z will make a third of the world’s ultra-wealthy. Here’s what’s driving their rise

The world’s wealth is about to change hands on a massive scale. Today, baby boomers control more than half of America’s wealth — roughly $78.5 trillion, or 51.8% of the nation’s total. (1) They also make up nearly half of the globe’s ultra-wealthy, defined as individuals worth at least$ 30 million, according to a recent ALTRATA report. (2) But that is about to change. Over the next two decades, trillions of dollars will be turned over to their heirs in a shift that is being called "The Great Wealth Tran ...