Next generation of ultra-wealthy is redefining luxury

The phrase “more money, more problems” was once a pop culture soundbite. Today, it captures a deeper truth about the next generation of ultra-wealthy consumers: their lives are more complex than ever. With great wealth comes increased vulnerability, scrutiny, and pressure. They are often seen as walking wallets. This perception strips away their individuality and ignores their growing need for trust, privacy, and emotional connection. This next generation is emerging fast. They are younger. Cosmopolitan. Culturally fluent. Technologically native. And they are redefining what luxury means at every level. They expect something rarer than excellence: trust. When you can afford almost anything, every purchase must feel extraordinary. Product quality is just the starting point — what matters is how that product fits into a larger narrative, one that reflects who they are or who they aspire to become. Where luxury brands fall short However, many luxury brands train for transactions, not transformation. They focus on product features while neglecting emotional fluency. They offer beautiful objects but fail to deliver meaningful experiences. In this world, a single moment of disconnect can undo everything. Consistency is the ultimate test of credibility. Across time zones and languages, this generation expects a unified experience. They want to shop in Tokyo, stay in Paris, and collect in Los Angeles. They want to feel the same level of care and emotional clarity in each place. This is where many hotels and retail environments struggle: one stay is flawless, the next forgettable. The reason is often not a lack of talent but the absence of client-centric storytelling. Without a shared emotional language, service becomes inconsistent. And in luxury, inconsistency breaks trust. Trust is now the ultimate differentiator. It’s built in the details, from how a brand greets a client to how it remembers their preferences to how it makes someone feel during a private appointment. Trust is earned slowly and lost instantly. Meeting elevated expectations This new generation of clients also moves through the world differently. They are global citizens. Many have been educated in several countries. They understand nuance. They are fluent in multiple cultures and expect brands to be just as agile. They also operate within curated digital environments. Their social feeds are more than entertainment — they’re filters for what matters. These clients discover brands through emotion, story, and design. What they see on TikTok or Instagram shapes what they expect to feel in-store. That’s why brand storytelling must extend across every touchpoint. The misconception is that brand storytelling is about campaigns; rather, it’s about coherence. The tone, energy, and purpose must align. Most importantly, the people delivering the experience must be trained to connect emotionally, not just deliver information. Serving the next generation Luxury today is about presence, precision, and emotional understanding. Brands must empower their teams to create moments of resonance. To read a room. To sense hesitation. To surprise without overwhelming. If luxury brands want to thrive in this environment, they must rethink how they train, engage, and build trust. In my experience coaching executives and brand teams, I’ve seen how challenging it is to deliver consistently, every single time. The future belongs to brands that can deliver clarity in a complex world and decode what truly matters to their clients. With greater wealth comes greater challenges, and true luxury lies in knowing how to solve them. This is an opinion piece by Daniel Langer, CEO of Équité, recognized as one of the “Global Top Five Luxury Key Opinion Leaders,” and advisor to some of the most iconic luxury brands in the world. He serves as an executive professor of luxury strategy and pricing at Pepperdine University in Malibu and as a professor of luxury at NYU, New York. Daniel has authored best-selling books on luxury management in English and Chinese, and is a respected global keynote speaker. Daniel conducts in-person masterclasses on various luxury topics across the world. As a luxury expert featured on Bloomberg TV, Forbes, The Economist, and others, Daniel holds an MBA and a Ph.D. in luxury management, and has received education from Harvard Business School. Sign up for his online luxury masterclasses at the Jing Academy.

Next generation of ultra-wealthy is redefining luxury

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Published July 28, 2025

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Next generation of ultra-wealthy is redefining luxury