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Jonathan Parker

Coverage of Jonathan Parker in the Nexus archive.

Earliest in view: Jul 15 · 07:00 UTCMost recent: Jul 15 · 19:25 UTC
Co-mentioned in this coverage
Bank of Americaorganization2Fortuneorganization1MITorganization1Private Bank Study of Wealthy Americanstopic1wealth concentrationtopic1private capitaltopic1federal estate tax exemptionstopic1Great Wealth Transfertopic1Federal Reserve Bank of St. Louisorganization1MIT Sloan School of Managementorganization1Baby Boomerstopic1U.S. householdsplace1
Recent coverage
  • BUSINESSJul 15 · 19:25 UTCBATON 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.

  • BUSINESSJul 15 · 07:00 UTCFORTUNE
    The $124 trillion Great Wealth Transfer is more than just cash: More U.S. businesses are now being inherited than bought, BofA finds

    More U.S. businesses are being inherited than purchased, according to Bank of America's Private Bank Study of Wealthy Americans. By 2026, 23% of businesses among wealthy Americans are projected to be inherited versus 11% purchased, marking a shift in the Great Wealth Transfer, which involves $36 trillion to $124 trillion in assets moving to younger generations over two decades.