A global wealth transfer of historic proportions is underway since an estimate of $60 trillion will change hands in the next decade, yet research shows that most family fortunes do not survive beyond the third generation.
“In Nigeria, where family businesses form the backbone of the private economy, this crisis is especially urgent. Without proper structures in place, decades of accumulated wealth risk being lost to poor succession planning, fragmented assets, and inadequate financial governance”, RunAlpha laments in a statement issued.
RunAlpha offers high-net-worth individuals and families a dedicated family office structure, coordinating investment management, estate planning, succession strategy, and asset protection under one roof.
The firm serves clients whose financial complexity has outgrown what traditional banks and retail wealth managers can handle.
The firm provides bespoke investment management, succession planning, and multi-generational wealth structuring grounded in global expertise and tailored to African realities.
It is against this backdrop that RunAlpha, a Lagos-based family office and private wealth advisory firm, is stepping in to remedy the situation.
Africa currently has fewer than 70 family offices serving the entire continent, according to a 2024 Deloitte Report.
This prompted RunAlpha to step in, saying:
“It is a striking gap, given that Africa is home to over 122,500 millionaires and that wealth is projected to reach $3 trillion by 2030.”
RunAlpha is working to close this gap for Nigerian families by providing a structured, multi-generational wealth strategy that has long protected dynastic wealth in Europe and North America.
According to a RunAlpha representative, “The question for Nigeria’s wealthy families is no longer how to make money but on how to keep it across generations.
“Protecting a legacy requires a different kind of expertise, and that is exactly what we provide.”
Join BusinessDay whatsapp Channel, to stay up to date
Open In Whatsapp
