Algy's Investment Podcast Ken Costa: The Generational Wealth Transfer is Happening Now! | #15
May 22, 2025
Ken Costa, veteran investment banker, author and philanthropist, explores the massive generational wealth transfer happening now. He discusses how tech and social media amplify young people's power. Conversation touches on inequality, recovering socially energized capitalism, crypto's role, Africa's digital opportunities, shifting finance centres, and the rise of women controlling assets.
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Wealth Transfer Is Underway Now
- The current wealth transfer is happening now, driven largely by parents funding housing and education for their children.
- That transfer brings not just money but power and social influence to digitally native generations.
Power Comes With Wealth
- Wealth transfer also hands the next generation technological power and social media influence.
- That combination lets them rapidly reshape corporations and public agendas.
Invest Capital And Mentorship Together
- Mix boomer capital with younger founders' smart use of technology by investing in startups.
- Do mentor and coach the next generation while preserving rewards for entrepreneurial risk.
