(Bloomberg) — 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.
As wealth inequality concentrates more money in the hands of the very rich, and as it becomes easier to open a family office, the industry is catching up with hedge funds in size and — in some cases — hiring from a similar pool of professional investors.
https://finance.yahoo.com/news/ultra-rich-families-set-control-130148710.html