Contemporary experience seems to be punctuated by many moments of insecurity, with each year bringing a wave of new threats and challenges. The World Economic Forum’s Global Risks Report 2017 identifies five ‘risk areas’ that require particularly urgent attention if we are to circumvent a global systems failure. In addition to the devastating effects of global warming, the report cites historically unprecedented levels of inequality and technological disruption as major sources of concern, along with the current ‘post-truth’ political environment and the growing retreat from global cooperation into populism and protectionism.
Another important report to emerge this year, The World Ultra Wealth Report 2017, defines what the risk landscape looks like for the ultra-wealthy in particular. While wealth may shelter individuals to some extent from the general economic, ecological, technological, and geopolitical uncertainty dominating global affairs, this uncertainty presents a significant challenge to wealth preservation and legacy planning, two of the most important issues for the ultra-wealthy.