Executives at Fortune’s MPW conference said the coming transfer of $124 trillion in wealth, plus rising women entrepreneurs and veterans, could reshape who controls money and how it is invested.
01Summary
- 01Cerulli Associates estimates about $124 trillion in wealth will change hands by 2048, including $54 trillion to women, $52 trillion to children and $18 trillion to charity.
- 02Beth Meagher said women entrepreneurs’ wealth concentration is up more than 125% over the past decade, while women veterans have seen roughly 300% growth over the past couple of years.
- 03Girls Who Invest has put 5,000 college women through its programme since 2011 and receives around 4,000 applications each year, while supporting 700 women annually.
- 04Seema Hingorani said Morgan Stanley has run a seven-year incubator to help invest in more women starting tech businesses.
- 05Carmen James Randolph said new wealth recipients want to see the impact of their money firsthand, with focus areas including health, education, justice and affordable housing.
02Why it matters
The scale of the wealth transfer is large enough to affect who makes financial decisions and where capital flows. The story also suggests women will increasingly demand advisers and investments that align with social impact as well as returns.
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