Luxury automakers like Rolls-Royce, Aston Martin, Mercedes-Maybach, and Cadillac are expanding their bespoke services to cater to ultra-wealthy clients seeking highly personalized and artistic vehicle modifications, including custom colors, interior designs, and even pet portraits, reflecting a growing market for exclusive, story-rich automobiles among the global elite.
A new report by Knight Frank predicts a $90 trillion wealth transfer over the next 20 years, making millennials the richest generation in history. However, millennials have faced challenges such as an inaccessible housing market, student debt, and job market changes. The report also highlights the focus on housing for the next generation, with wealthy individuals considering property acquisitions. Additionally, it's becoming increasingly difficult to break into the world's top 1% club, with individuals needing a net worth of over $5.8 million in the U.S. and $12.88 million in Monaco.