Ultra-Wealthy Families Will Be Worth $9.5 Trillion by 2030, a New Report Says

The wealthy are only getting wealthier.

Super-rich families are set to be worth a bonkers $9.5 trillion by 2030, Bloomberg reported on Wednesday. That sky-high number, from a new Deloitte report that surveyed family offices, is an impressive 73 percent increase from the $5.5 trillion currently owned by people with such businesses. In that same time span, the number of family offices is expected to jump by one-third to 10,720.

In recent years, family offices have become more popular with those wealthy enough to have them, Bloomberg noted. It’s become easier to open a family office, for example, and they have fewer restrictions than a hedge fund. Because of that, though, they can also lead to major problems—take the case of Bill Hwang: The investor’s Archegos Capital Management defaulted in 2021, and in July he was found guilty of criminal charges related to the collapse.

The family offices assessed in the Deloitte report managed an average of $2 billion in assets, according to Bloomberg. With just about 15 employees, only one-third were led by someone outside the family in question. “It can definitely be risky managing that much wealth,” Rebecca Gooch, global head of insights for Deloitte Private, told the outlet. “Family offices really need to be careful about who they bring on board.”

The new data are just the latest signal that the super-rich are controlling more money than ever before. To even be considered a member of the 1 percent in the United States, you would need to have at least $5.8 million, a report from earlier this year showed. That’s a 15 percent increase from 2023. (If you live in Monaco, you would need an even more hefty $12.8 million to meet that threshold.) And just last month, another report noted that the world’s ultra-wealthy population—those with a net worth of $30 million or more—is expected to grow 38 percent by 2028.

Those numbers pale in comparison to the wealth depicted in Deloitte’s report, which is largely focused on billionaires rather than millionaires. And in fact, the 500 richest people in the world collectively got $1.5 trillion wealthier last year. They’re on track to bring in only more dough in the next six years.