• World’s ex-richest man, Warren Buffett: Success isn't about money, it's about being loved by those you want to love

  Former richest man in the world, Warren Buffett, has concluded that success is not about money, but about “the people you want to love actually love you.” The billionaire investor shared his views on success, business advice, and life decisions in an interview with Yahoo Finance...

• New NEWS.am STYLE column: Flowers at home and beyond - How not to kill orchid and to make it bloom

  The main thing is how to avoid becoming a “plant killer.” In this connection, we, at NEWS.am STYLE, have decided to start a new section in which we will share recommendations and life hacks, from both professionals and amateurs, on how to properly care for flowers and plants...

• Dubai's 120 richest families and individuals are worth $1 trillion

  Dubai is home to more than 120 of the world's wealthiest families and individuals, with a combined wealth of more than $1 trillion, as the UAE has attracted thousands of millionaires from around the world over the past decade, especially since the pandemic...

• Bride is shocked after receiving most disgusting wedding gift

  Wedding gifts can be strange, unnecessary, funny. But they can rarely be called disgusting or nauseating. However, this is exactly the gift the American newlyweds received, who were shocked by the gift from one of the groom’s best men...

• Most expensive divorce in Australia ends in ‘victory’ for wife who sued cheating husband for $180M, real estate

  The now-ex-wife was awarded $180 million and part of her ex-husband's significant real estate portfolio after a bitter three-year divorce battle in Australia. The couple, who cannot be named for legal reasons, were married for more than 20 years before splitting several years ago...

• Ex-electrician from Germany becomes Jeff Bezos doppelganger, lives luxurious lifestyle

  “I look like his twin brother,” Cagdas Halicilar, 46, told Jam Press of his uncanny resemblance to the Amazon founder, who is worth just over $201 billion...

• Turkey is most promiscuous country on Earth

  Turkey is the most promiscuous country on the planet, according to a loving analysis of the world's sexual habits. As per World Population Review, the average Turk has 14 sexual partners...

• Guess the color, get a bouquet: One day with Mayis Vardanyan

  When I want warmth and a smile, I watch blogger Mayis Vardanyan's videos…

Millennials will become "the richest generation in history." People born between 1981 and 2000 stand a chance of a “seismic” windfall over the next 20 years, thanks to the wealth assets accumulated by previous generations, according to research from Knight Frank, The Guardian reports.

While the distribution of wealth may change between regions of the world, an even greater shift occurs between generations. As a result of this transition, $90 trillion of assets will move between generations in the US alone, “making wealthy millennials the wealthiest generation in history,” Knight Frank said in its 18th annual wealth report.

The study found that 75% of millennials expect their wealth to increase in 2024, versus 53% of Baby Boomers—born between 1946 and 1964, 56% of Gen X—1965 to 1980, and 69% of Gen Z. In reality, their future financial power is likely to be a divisive lottery largely determined by inheritances from previous generations, including property.

Knight Frank's global head of research, Liam Bailey, said the shift in wealth was likely to support efforts towards sustainable investment and sustainable behavior. “Millennials seem to have gotten the message across about the need to reduce consumption, with 80% of male respondents and 79% of female respondents saying they are trying to reduce their carbon emissions,” he said. 

Follow NEWS.am STYLE on Facebook, Twitter and Instagram