Women are becoming the wealth creators

A new study published by Gartner reveals some interesting findings about wealth creation by women. Between 2000 and 2015, the global private wealth held by women rose from $34 trillion to $51 trillion. By 2020, that number is expected to further rise to $72 trillion — a five-year increase that will exceed that of the previous 15. Women are also progressing in their share of overall wealth, albeit more gradually. Between 2010 and 2020 the estimated share of global wealth controlled by women is expected to increase from 28% to 32%. Additionally, most of the private wealth changing hands in the coming years will go to women, who will on average outlive men by five years. As the baby boomer generation reaches its later years, the ongoing transfer of wealth to women will only accelerate. Women are also creating high growth businesses and generating assets that are adding to this positive wealth creation story.