Inherited U.S. Businesses Outpace Purchases as $124T Wealth Transfer Accelerates
Bank of America’s 2026 Private Bank study finds 23% of wealthy business owners now inherit their firms, up from 11% in 2024 and 5% in 2022. The shift means more wealth is staying within families, deepening concentration and boosting demand for private‑market investments. Succession planning gaps could reshape capital allocation across the economy.