Fortune June 27, 2026 • 10:28

Philanthropy leader at the Giving Pledge says billionaire heirs are pushing for faster giving - Fortune

By Preston Fore

Philanthropy leader at the Giving Pledge says billionaire heirs are pushing for faster giving - Fortune

A historic $124 trillion wealth transfer is underway, and many heirs are using their influence to pressure older generations to spend down fortunes faster.

Millennials and Gen Xers are facing down one of the greatest transfers of wealth in historywith some $124 trillion expected to change hands by 2048. But as wealth inequities simultaneously reach new … [+6706 chars]

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