World’s Rich Are Spending the Pandemic Weighing Succession

  • Billionaires will transfer $2 trillion within next two decades
  • Surprising how many wealthy lack up-to-date wills, banker says
John CaudwellPhotographer: Peter Jones

John Caudwell is thinking a lot about life and death these days.

The 67-year-old billionaire philanthropist said he intends to leave most of his wealth to charity, making him aware of the need to plan carefully for how his fortune will be used beyond his own lifetime.