{"id":30990,"date":"2016-10-20T18:36:06","date_gmt":"2016-10-20T11:36:06","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-will-billionaires-pass-on-wealth-to-their-kids\/"},"modified":"2016-10-21T11:26:34","modified_gmt":"2016-10-21T04:26:34","slug":"how-will-billionaires-pass-on-wealth-to-their-kids","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-will-billionaires-pass-on-wealth-to-their-kids\/","title":{"rendered":"How will billionaires pass on wealth to their kids?"},"content":{"rendered":"


\nBeing heir to a fortune isn\u2019t as easy as it sounds
\nMOAimage\/Shutterstock
\nAlong with the bombastic growth of billionaires around the world comes the herculean task of passing down such wealth to the next generation.
\nHistory\u2019s biggest transfer of wealth will transpire in the next 20 years, with almost 500 individuals passing down USD2.1 trillion in riches,\u00a0according to the recently released \u201cBillionaires Insights\u201d report by UBS and PricewaterhouseCoopers. Billionaires in Asia, a veritable generator of high-net-worth individuals (HNWI), will end up \u201ccashing out\u201d or even opt for a private equity holding company model if their heirs appear \u201cuntested\u201d or unreliable for managing the family wealth.
\nSuch inheritors will be groomed for \u201cownership rather than management,\u201d which will be delegated to external hires.\u00a0\u201cThis is a logical method to preserve wealth in a region where it is sometimes difficult for heirs to take over family businesses,\u201d the report stated.
\nOne billionaire is reportedly created every three days in Asia, led by China, where 80 individuals alone reached billionaire status last year or 54 percent of the global total. Additionally, more than 85 percent of billionaires in most of Asia\u2019s young economies are first-generation, meaning they will perform their wealth transfer for the first time.
\nMore: USD3.9 trillion in global wealth to be passed down in next 10 years
\nSimply handing the reins of the business to one\u2019s scions can be tricky in China and other parts of Asia, where corporate empires are heavily dependent on personal connections. \u201cSuch is their complexity that they are difficult for a young person to manage,\u201d the report stated.
\nExacerbating the issue is the fact that many HNWI parents in China do not have much of a choice in heirs due to the one-child policy.
\nThere could also be a disparity in values between billionaire parents and their children. Some heirs prefer to chart a career course of their own or live out a life of charitable giving as opposed to income generation.
\nMany of China\u2019s growing fuerdai or second-generation HNWIs have caused ripples on social media in recent years for posts that flaunt highly outlandish purchases.
\nRead next: 5 things we learnt from the World Ultra Wealth Report
\n
\nSource : property-report.com
\nRead more…How will billionaires pass on wealth to their kids?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Being heir to a fortune isn\u2019t as easy as it sounds MOAimage\/Shutterstock Along with the...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-30990","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-83Q","jetpack-related-posts":[{"id":169764,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/trump-ai-to-blame-as-billionaires-wealth-grow-16-to-18-3trn\/","url_meta":{"origin":30990,"position":0},"title":"Trump, AI to blame as billionaires\u2019 wealth grow 16% to $18.3trn","date":"January 19, 2026","format":false,"excerpt":"\r Charity Oxfam also says ahead of Davos that billionaires are 4,000 times more likely than ordinary citizens to hold political office The post Trump, AI to blame as billionaires\u2019 wealth grow 16% to $18.3trn appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2026\/01\/US-dollars-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":148946,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/global-billionaires-wealth-increases-by-2-trillion-in-2024-report\/","url_meta":{"origin":30990,"position":1},"title":"Global billionaires\u2019 wealth increases by $2 trillion in 2024: Report","date":"January 20, 2025","format":false,"excerpt":"\r The report is unveiled at a time when the richest of the world began to assemble in Davos for their annual jamboree in the ski resort town\r \r Source : arabianbusiness.com\r Read more...Global billionaires\u2019 wealth increases by trillion in 2024: Report","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/01\/billionaires-minature-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":128846,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tech-billionaires-to-dominate-gcc-soon-says-global-wealth-tracker-hurun\/","url_meta":{"origin":30990,"position":2},"title":"Tech billionaires to dominate GCC soon, says global wealth tracker Hurun","date":"August 26, 2022","format":false,"excerpt":"\r A surging influx of immigrant entrepreneurs building global tech companies in the region and rising investments in new economy startups are driving the change\r \r Source : arabianbusiness.com\r Read more...Tech billionaires to dominate GCC soon, says global wealth tracker Hurun","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2022\/08\/US-dollars-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":159259,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-new-faces-of-wealth-gen-z-millionaires-and-billionaires-reshape-global-rich-list\/","url_meta":{"origin":30990,"position":3},"title":"The new faces of wealth: Gen Z millionaires and billionaires reshape global rich list","date":"August 14, 2025","format":false,"excerpt":"\r Globally, teenagers and young adults are increasingly accumulating seven, eight, and even nine-figure fortunes through a combination of inheritance, entrepreneurship, and digital innovation\r \r Source : arabianbusiness.com\r Read more...The new faces of wealth: Gen Z millionaires and billionaires reshape global rich list","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/08\/young-wealthy-individuals-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":132614,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-home-to-most-real-estate-billionaires-in-southeast-asia\/","url_meta":{"origin":30990,"position":4},"title":"Singapore home to most real estate billionaires in Southeast Asia","date":"March 14, 2019","format":false,"excerpt":"\r Singapore is home to the most number of billionaires who made their fortunes from real estate, according to the Hurun Global Real Estate Rich List 2019. The city-state has 10 property billionaires, ranking fourth place worldwide behind China, the US and UK. These billionaires have a combined net worth\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":132618,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-trumps-us-for-most-real-estate-billionaires-in-the-world\/","url_meta":{"origin":30990,"position":5},"title":"China trumps US for most real estate billionaires in the world","date":"March 14, 2019","format":false,"excerpt":"\r China is home to most of the world\u2019s property billionaires, eclipsing the populace of those in the UK and the US by a large margin, according to Global Real Estate Rich List by research platform Hurun Report. Around 139 real estate billionaires with a combined net worth of USD550\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/30990"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=30990"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/30990\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=30990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=30990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=30990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}