- Business - $18.3trn to be transferred by 2030

By SuperyachtNews

$18.3trn to be transferred by 2030

A new Wealth-X report outlines the predicted extent of the impending wealth transfer…

For a number of years now the superyacht industry has talked about an imminent transfer of wealth to the next generation of potential charter guests and superyacht buyers and how this might impact the superyacht industry moving forward. A new Wealth-X report, Preservation and succession: Family Wealth Transfer 2021, predicts the amount of wealth transfer from those worth $5m and above that we can expect in the lead up to 2030 and raises a number of questions about the challenges of the process itself and its potential impacts.

“We expect $18.3trn of collective wealth will be transferred by those with $5m or more in net worth by 2030,” reads the report. “This sum is greater than China’s annual GDP and more than seven times the market capitalisation of US technology giant Microsoft. This wealth transfer will be carried out by almost 680,000 individuals across the world, averaging $27m per individual. UHNW individuals with a net worth of more than $100m will account for almost half of the $18.3trn to be transferred.”

This astronomical transfer of wealth poses both a number of opportunities and a number of challenges for the superyacht market. On the one hand, it may be that the pool of potential clients, both within the charter market and the two core buyer sectors, grows exponentially. On the other hand, it may be that the wealth is transferring to a generation of individuals that are, firstly, less engaged with the superyacht market and that, secondly, have entirely different priorities to their forebears.

The easiest thing to do at this juncture would be to point out that younger generations, generally speaking, are more concerned about sustainable initiatives than their parents, grandparents or whoever else they stand to inherit significant sums of money from and, as such, if superyachts are able to become more sustainable, they will be well placed attract more of these buyers across the various sectors. This, however, would be a gross oversimplification of the challenges that will be facing the superyacht industry.

It would be equally counter-productive to produce a list of the various reasons why younger individuals would be more or less interested in engaging with the superyacht market than previous generations. Quite simply, we do not have sufficient research to understand which way the dice will fall.

Not all demographics will react in the same way to their newfound wealth. Some may be bored of yachting having used daddy’s yacht or chartered far too many times on loathsome and forced family holidays, some may decide that superyachts are unsustainable and at odds with their philanthropy, scientific interests or public images, some individuals from emerging economies may find a superyacht incredibly aspirational, some may choose to sell an inherited superyacht to avoid working for another 1000 years, and some may prefer to go to space for their kicks. Who knows?

What is for certain is that the superyacht industry will be faced with both opportunities and challenges wherever this wealth transfer is concerned. The wealth transfer is coming, the industry best be ready.

Join the discussion

$18.3trn to be transferred by 2030


To post comments please Sign in or Register

When commenting please follow our house rules

Click here to become part of The Superyacht Group community, and join us in our mission to make this industry accessible to all, and prosperous for the long-term. We are offering access to the superyacht industry‚Äôs most comprehensive and longstanding archive of business-critical information, as well as a comprehensive, real-time superyacht fleet database, for just £10 per month, because we are One Industry with One Mission. Sign up here.

Related news

Image for The International Superyacht Summit returns

The International Superyacht Summit returns

With TSG as its media partner, the event represents an opportunity to explore the challenges and opportunities of the Gulf


Image for Green Yard Kleven and YPI sign new agreement

Green Yard Kleven and YPI sign new agreement

SuperyachtNews speaks with the YPI team following the signing of the new agreement with Green Yard Kleven


Image for Italian traders continue to import Myanmar teak

Italian traders continue to import Myanmar teak

In contravention of EU law, Italian traders have continued to import illegal teak from Myanmar


Image for How do you solve a problem like marinas?

How do you solve a problem like marinas?

Does the impending marina-capacity crisis present opportunities as well as challenges for the superyacht market?


Image for Asia Global Yachting to accept cryptocurrency

Asia Global Yachting to accept cryptocurrency

AGY has partnered with Bitkub to allow crypto payments for all of its services


Image for METSTRADE returns


The world's premier marine trade show kick-starts after a two-year hiatus


Sign up to the SuperyachtNews Bulletin

Receive unrivalled market intelligence, weekly headlines and the most relevant and insightful journalism directly to your inbox.

The SuperyachtNews App

Follow us on