Ultra-Rich Families Set to Control $9.5 Trillion by 2030, Deloitte Says
- Report forecasts family wealth increasing 73% from 2024
- Family offices are catching up with hedge funds in size
Large family offices are carving out new roles in the market.
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The wealth of ultra-rich families will likely swell to $9.5 trillion by 2030, according to estimates from consultancy Deloitte, as family offices grow and morph to rival hedge funds.
The figure would mark a 73% jump from the current $5.5 trillion controlled by people represented by family offices, according to the report. The number of investment firms for the wealthy is expected to grow by one-third over the same time period, to 10,720.