Don’t fear the inheritocracy

By KESLS RAM -

Much of the conventional narrative has focused on the bequest of financial assets and property. But the true story of the Great Wealth Transfer is the story of what happens to the family business when Everywhere Millionaires die.

“The father buys, the son builds, the grandchild sells, and his son begs.” The old proverb foretells a fate borne out in the data. Just 12% of children born to the top 1% stay there, and 40% fall out of not just that 1% but the entire top fifth.

https://www.economist.com/by-invitation/2026/09/16/dont-fear-the-inheritocracy


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Best regards
Seetha Ram
"Life is a journey. The destination is within oneself."

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