BUSINESSBATON ROUGE BUSINESS REPORT
How business ownership is once again becoming a family affair
A growing share of businesses among wealthy Americans is being inherited rather than purchased, reflecting a broader wealth transfer as $36 trillion to $124 trillion in assets shifts to younger generations. Bank of America’s 2026 Private Bank Study shows 23% of businesses will be inherited, up from 5% in 2022, with factors including private capital growth, tax policies, and wealth concentration driving the trend.
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Adjacent reporting
- The $124 trillion Great Wealth Transfer is more than just cash: More U.S. businesses are now being inherited than bought, BofA finds
- A giant succession wave is coming for family businesses
- How the great wealth transfer is rattling Wall Street
- Number of children with a pension surges as wealthy parents seek to cut inheritance tax bills
- Indian billionaires buy foreign companies as growth slows at home