“An estimated $124tn is expected to change hands (globally) under the so-called ‘great wealth transfer’, with women set to inherit nearly 70% of that amount. Combined with rising educational attainment, stronger diversity and inclusion efforts, and ongoing progress in closing the gender pay gap, this moment signals a transformative rise in global female affluence… What does it mean to be wealthy in this world? What are the type of behaviors? How do we put into practice the values that we have?”
Silvia Bastante de Unverhau on Electric Ladies Podcast
You might not have heard about “the great wealth transfer” but it promises to change, well, everything. As part of my research for a book I’m writing about it, I had an in-depth conversation with Silvia Bastante de Unverhau about their new research about the impact of this transfer and how women use their wealth differently.
Listen to Silvia Bastante de Unverhau of LGT Private Bankers International on this important phenomenon – happening under the radar– in this enlightening conversation with Electric Ladies Podcast host Joan Michelson.
You’ll hear about:
- What “the great wealth transfer” is and how it works.
- How women and men see “wealth” differently – as do Gen Z’rs and Millennials, who are also inheriting this largess.
- How wealthy women are investing, spending and donating aligned with environment-social-governance values around the globe.
- Plus, career advice, such as:
“Create your wealth in a space where you can already have impact….(W)e all spend so much time working, so it’s much better if it’s aligned to what you actually care for. And then the other piece of advice that I would give is that I think there’s always a way of balancing between the need to make an income because we all have that need, with the impact. And very importantly…mid-career women are precisely in this inflection point where I think prioritizing and even thinking very consciously about this could be helpful…The value of your worth does not lie in your net worth.”
Silvia Bastante de Unverhau on Electric Ladies Podcast
Read Joan’s Forbes articles here.
You’ll also like:
- Climate Philanthropy – with Heather Grady, Rockefeller Philanthropy Advisors
- Corporate Philanthropy At America’s Largest Bottler – with Ann Canela, Head of Corporate Giving at Niagara Water and Niagara Cares, It’s Philanthropic Arm
- Women Are Inheriting Trillions. This Is A Seismic Shift – Joan’s Forbes article, including Silvia Bastante
- How Women’s Trillions Might Affect Elections – Joan’s Forbes article
- New Venture Capital Models For Women and CleanTech – with Cecile Blilious, Veteran Venture Capital investor and Co-Founder, Venture ESG
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